The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from June 25-29, 2018.

OFFICE – 177 CHURCH AVE., TUCSON
WSP USA Buildings Inc., based in New York, leased 5,424-square-feet at the Transamerica Building, located at 177 Church Avenue, for their new Tucson location. Buzz Isaacson and Alex Hardie with CBRE Tucson represented the landlord, TA Building Corp., in the transaction. [mepr-show rules=”58038″]Asking lease rate: $18 SF/YR Full Service; Phone: 520.882.6424[/mepr-show]

OFFICE – 4279 SANTA RITA, TUCSON
Adrian Lopez and Lizet A. Lopez leased 4,700-square-feet at 4279 South Santa Rita, Tucson. The space will be used for distribution. Ron Zimmerman of Cushman & Wakefield | Picor represented the tenant. Kevin Volk of Volk Company represented 4275 Santa Rita LLC.

RETAIL – 3382 E. SPEEDWAY BLVD., TUCSON
Pacific Dental Services, LLC. leased a 3,402-square-foot end cap at 3382 East Speedway Boulevard, Tucson. The space is located within Rancho Center, which is anchored by Whole Foods, Bookmans, Mattress Firm, and Performance Bikes. With the completion of this lease, there are now only two small vacant suites remaining in the center. The Tenant was represented by Joe Doucett of Newmark Knight Frank. Debbie Heslop, CCIM, of Volk Company represented the landlord, Rancho Center, LLC.

OFFICE – 10445 N. ORACLE RD., ORO VALLEY
Old Republic Title Agency signed a 2,080-square-foot lease at Rooney Ranch, located at 10445 N. Oracle Rd. Buzz Isaacson and Alex Hardie represented the landlord, Berkeley Land Co. Inc., in the transaction. Deval Gupta with Cushman and Wakefield’s Phoenix office represented the tenant.

INDUSTRIAL – 1321 W. AJO WAY, TUCSON
EMCOR Government Services, Inc. renewed its lease for 1,730-square-feet at 1321 West Ajo Way, Suite 103. The space is located within Ajo Business Center, a retail and industrial project at Ajo Way and Benson Highway. Kevin Volk of Volk Company represents the landlord, Ajo Business Center Limited Partnership. [mepr-show rules=”58038″]Tenant Phone: 520.206.0420[/mepr-show]

RETAIL – 4677 E. SPEEDWAY BLVD., TUCSON
Jiawei Zhang, dba Sunshine USA, LLC. leased 1,533-square-feet at 4677 East Speedway Boulevard, Tucson. The tenant currently operates a foot reflexology and foot massage business in an adjacent space and will be using this additional space to expand its business. The space is located at Mission Plaza, a Sprouts-anchored shopping center at the northwest corner of Speedway and Swan. Kevin Volk and Jeramy Price of Volk Company represented the Landlord, Brazo, LLC.

OFFICE – 258 E. RIVER RD., TUCSON
Arizona Psychiatry, PLLC leased 1,331-square-feet at 258 E. River Road.  Andrew D. Sternberg with NAI Horizon Tucson represented the Landlord and Damian Wilkinson and David Montijo with CBRE represented the tenants in this transaction. [mepr-show rules=”58038″]$19.00 SF/YR Modified Gross; Phone: 520.485.7836[/mepr-show]

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from June 18-22, 2018.

INDUSTRIAL – 3600 S PALO VERDE RD., TUCSON
Block One Property, LLC, a Tucson-based owner, has completed a 5,520-square-foot lease at 3600 S. Palo Verde Rd with Single Source, Inc. Tim Healy with CBRE’s Tucson office represented Block One Property in the transaction and Rob Glaser with Cushman & Wakefield | PICOR  represented the landlord.

RETAIL – 7585 S HOUGHTON RD., TUCSON
Jeramy Price of Volk Company represented Serial Grillers, LLC in its lease of the 5,483- square-foot former Chuy’s building at 7585 South Houghton Road. Serial Grillers offers a wide variety of food, including pizza, sandwiches, burgers, and American fare along with a wide selection craft beer and wine. This will be their third Tucson location. The landlord is Harco Properties, L.L.C.

OFFICE – 177 CHURCH AVE., TUCSON
WSP USA Buildings Inc., based in New York, leased 5,424-square-feet at the Transamerica Building, located at 177 Church Avenue, for their new Tucson location. Buzz Isaacson and Alex Hardie with CBRE Tucson represented the landlord, TA Building Corp., in the transaction.

INDUSTRIAL – 4279 SOUTH SANTA RITA, TUCSON
Kevin Volk of Volk Company represented 4275 Santa Rita LLC in its lease of 4,700-square-feet at 4279 South Santa Rita to Adrian Lopez and Lizet A. Lopez. The space will be used for distribution. Ron Zimmerman of Picor represented the tenant

RETAIL – 3382 E SPEEDWAY BLVD., TUCSON
Debbie Heslop, CCIM, of Volk Company represented the landlord, Rancho Center, LLC, in a lease of the 3,402-square-foot end cap at 3382 East Speedway Boulevard with Pacific Dental Services, LLC. The space is located within Rancho Center, which is anchored by Whole Foods, Bookmans, Mattress Firm, and Performance Bikes. With the completion of this lease, there are now only two small vacant suites remaining in the center. The Tenant was represented by Joe Doucett of Newmark Knight Frank.

OFFICE – 10445 N ORACLE RD., ORO VALLEY
Old Republic Title Agency signed a 2,080-square-foot lease at Rooney Ranch, located at 10445 N. Oracle Rd. Buzz Isaacson and Alex Hardie represented the landlord, Berkeley Land Co. Inc., in the transaction. Deval Gupta with Cushman and Wakefield’s Phoenix office represented the tenant.

RETAIL / INDUSTRIAL – 1321 W AJO RD., TUCSON
EMCOR Government Services, Inc. renewed its lease for 1,730 square feet at 1321 West Ajo Way, Suite 103. The space is located within Ajo Business Center, a retail and industrial project at Ajo Way and Benson Highway. Kevin Volk of Volk Company represents the landlord, Ajo Business Center Limited Partnership.

OFFICE – 4677 E SPEEDWAY BLVD, TUCSON
Kevin Volk and Jeramy Price of Volk Company represented the Landlord, Brazo, LLC, in a lease of 1,533-square-feet at 4677 East Speedway Boulevard to Jiawei Zhang, dba Sunshine USA, LLC. The tenant currently operates a foot reflexology and foot massage business in an adjacent space and will be using this additional space to expand its business. The space is located at Mission Plaza, a Sprouts-anchored shopping center at the northwest corner of Speedway and Swan.

OFFICE / RETAIL – JACKSON HEWITT TWO LOCATIONS ON VALENCIA
Volk Company recently handled two lease renewals with Tax Services of America, dba Jackson Hewitt.  Terry Dahlstrom and Kevin Volk of Volk Company represent the landlords at both locations.

• Jackson Hewitt renewed its lease of 1,200-square-feet at 450 West Valencia Road. The space is located within Valencia Mercado Shopping Center, which is located at the northeast corner of 12^th Avenue and Valencia Road and is anchored by Food City. Other notable tenants in the center include USA Pawn & Jewelry, Peter Piper Pizza, McDonald’s, Jack-in-the-Box, and Church’s Chicken.
• In the second transaction, Jackson Hewitt renewed its lease of 1,200-square-feet at Valencia Road and Cardinal Avenue. The space is located within Valencia Corners Center, which includes Jack in the Box, Subway, TitleMax, Pro Cuts, and Cricket.

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TUCSON, Arizona — The former Five Palms Steak & Seafood in the Catalina Foothills at 3500 E Sunrise Dr., Tucson sold for $1.9 million ($148 PSF) for redevelopment. The 12,800-square-foot restaurant was originally built for Café Terra Cotta restaurant that moved from St. Phillip’s Square.

Located on Sunrise east of La Encantada Mall, Five Palms opened in late 2012. Over the years, the business evolved to include culinary concepts like Oliva Mediterranean Restaurant, Dovino Wine and Cigars, and the Five Palms Fine Bar.

One of Tucson’s priciest fine-dining restaurants, where the least expensive steak on the menu would set you back $39 — the same price as the pate de foie gras appetizer.

Five Palms closed in September 10, 2017.

The buyers, Gateway 1048, LLC and WCCP Sunrise, LLC of Torrance, Calif. purchased the property for redevelopment into office use. The 12,800-square-foot, two-story building responds to a growing interest in office space along the Sunrise corridor.

Nancy McClure and Buzz Isaacson with CBRE in Tucson represented the seller, Landmark Assets of Scottsdale and Phil Skillings with NAI Horizon in Tucson handled the transaction, as a principal, for the investors.

For more information, McClure should be reached at 520.323.5117 and Isaacson can be reached at 520.323.5151. Skillings can be contacted at 520.326.2200 ext. 4002.

To learn more, see RED Comp #5520.