The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from January 26 thru 30, 2015.

OFFICE – 2424 N. WYATT DR., TUCSON, AZ
TMC One leased 11,603-square-feet at 2424 N. Wyatt Dr. in Tucson from TMC Holdings, Inc. TMC One is TMC’s physician practice group, formerly known as Saguaro Physicians Group. The new lease results in consolidations of several locations and will provide improved facilities and services for patients and economies for administration of the practice. 2424 N. Wyatt, the former site of the Tucson Orthhopaedic Institute, is being re-tenanted with TMC One and Genesis OB/GYN and offers additional space of approximately 12,000 square feet for a future tenant. The on-campus building also provides an adjacent dedicated parking garage. Rick Kleiner, MBA, and Tom Knox, SIOR, Office Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Askign lease rate: $28.00 SF/YR Full Service[/mepr-show]

INDUSTRIAL – 1790 W. SAHUARO DRIVE, TUCSON, AZ
Underground Construction Co. has leased 7,853-square-feet of industrial space at 1790 W. Sahuaro Drive in Tucson. The tenant was represented by Tim Healy and Bob DeLaney with CBRE Tucson, along with Matt Dickson with CBRE Houston. The landlord, South Central Industrial Properties V LP, was represented by Dean Cotlow with Cotlow Company of Tucson

RETAIL – 2002 S CRAYCROFT RD, TUCSON, AZ
Omega Construction Services, LLC leased 5,400-square-feet in Cashbox Plaza at 2002 S. Craycroft Rd. in Tucson from Premier Video, Inc. Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.
[mepr-show rules=”58038″]Tenant Phone: 520.300.5918[/mepr-show]

RETAIL – 7960 N ORACLE RD, TUCSON, AZ
La Posada Holding Co. has leased 3,650-square-feet of retail space at Plaza Escondida Shopping Center located at 7960-7966 N. Oracle Rd. in Tucson. The tenant was represented by David Montijo and Damian Wilkinson with CBRE’s Tucson office. The landlord, Roseville Tucson LLC, was represented by Pete Villaescusa and Jesse Peron also with CBRE’s Tucson office.

OFFICE – 6436 E. BROADWAY BLVD., TUCSON, AZ
Nickolas Orton Insurance has leased 2,975-square-feet of office space at 6436 E. Broadway Blvd. in Tucson. The tenant was represented by Bruce Suppes with CBRE’s Tucson office. The landlord, Capital Source Financial, LLC, was represented by Aubrey Finklestein with Vast Commercial Real Estate Services in Tucson. [mepr-show rules=”58038″]Phone: 800.865.7898[/mepr-show]

INDUSTRIAL – 2750 S. 4th AVE., SOUTH TUCSON, AZ
Casa de los Niño’s has leased a 2,886-square-feet space at Madera Business Park, located at 2750 S. 4th Avenue, in South Tucson. The Premises will be used as administrative offices. They are scheduled to open for business April 2015. Andy Seleznov, CCIM, Director of Leasing at Larsen Baker represented the Landlord. [mepr-show rules=”58038″]Tenant Phone: 520.881.1292[/mepr-show]

INDUSTRIAL – 2440 W. RUTHRAUFF RD., TUCSON, AZ
Ace Industrial Supply, Inc. leased 2,800-square-feet at 2440 W. Ruthrauff Rd., Suite 120 in Tucson from Presson Scottsdale, LLC. Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled the transaction. [mepr-show rules=”58038″]$0.69 SF/MO Modified Gross; Tenant Phone: 520.795.8800[/mepr-show]

OFFICE – 6628 E. CARONDOLET DRIVE, TUCSON, AZ
Community Medical Services has leased 1,650-square-feet of medical office space at 6628 E. Carondolet Drive in Tucson. The tenant was represented by Bruce Suppes with CBRE Tucson and Chris Ackel with CBRE Phoenix. The landlord, Team Anasazi, LLC, was represented by Tari Auletta and Doug Richardson with Tucson Realty & Trust.

RETAIL – 4444 E. GRANT RD., TUCSON, AZ
Community Provider of Enrichment Services leased 1,554-square-feet in Cashbox Plaza in Tucson at 4444 E. Grant, Suite 116 from Kolvoord Family Limited Partnership. Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $10.00 SF/YR NNN; Tenant Phone: 520.884.7954[/mepr-show]

RETAIL – 2801 E. SPEEDWAY BLVD., TUCSON, AZ
Blake’s Lotaburger has leased a 2,520-square-foot, freestanding retail property located at 2801 E. Speedway in Tucson. The former Arby’s property will mark the first Arizona location for the New Mexico-based burger concept. Pete Villaescusa and Jesse Peron with CBRE’s Tucson office negotiated the transaction on behalf of both the tenant and the landlord.

RETAIL – 5420 E. BROADWAY BLVD., TUCSON, AZ
Miracle Ear has leased a 1,120-square-feet space at The Plaza at Williams Centre, located on the SWC Broadway Blvd and Craycroft Rd. The Premises will be used as a retail store for the sales of hearing aids and other related auditory products. They are scheduled to open for business June 2015. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Dave Dutson, of CBRE in Tucson, represented the Tenant. [mepr-show rules=”58038″]Tenant Phone: 713.696.7592 (Corporate)[/mepr-show]

OFFICE – 7604 N. LA CHOLLA BLVD., TUCSON, AZ
Arizona Biomedical Services has leased 1,050-square-feet of office space at La Cholla Corporate Center located at 7604 N. La Cholla Blvd. in Tucson. The landlord, TJ Bednar & Co., was represented by Bruce Suppes with CBRE’s Tucson office. [mepr-show rules=”58038″]Asking lease rate: $21.00 SF/YR Full Service;  Tenant Phone: 520.327.2027[/mepr-show]

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Tucson, Ariz. – CBRE has completed the sale of a twenty-four property gas station and convenience store portfolio for properties in Tucson and 5 counties throughout Southern Arizona. The portfolio commanded a sale price of $39.75 million, in the largest sale to date for the new year in Southern Arizona.

Pete Villaescusa and Jesse Peron in CBRE’s Tucson office represented the seller, Reay’s Ranch Investors, LLC of Tucson. The buyer was a national REIT, American Realty Capital Properties (ARCP).

Of the twenty-four convenience store locations, eight are in the Tucson area, and the rest are located throughout Southern Arizona. Under a new master lease agreement between ARCP and El Paso, Texas-based Western Refining, the stores will be rebranded and operate under the “Giant” moniker.

Property addresses include: 15841 W El Tiro Rd, Marana, 6777 N Sandario Tucson, 11200 S Sierrita Mtn, Tucson, 6890 N Sandario Rd, Tucson, 6225 W Ajo Hwy Tucson, 3902 E Speedway Tucson, 4301 E Broadway Blvd, Tucson, 6280 E Broadway,Tucson, 1690 E Ash Street, Globe, 105 W 2nd Street, Winkelman, 520 N Pinal Pkwy, Florence, 780 N Arizona Blvd, Coolidge, 325 E Hwy 70, Safford, 105 E Hwy 70, Safford, 750 8th Ave, Safford, 1780 W Thatcher Blvd, Safford, 3775 W Main St, Thatcher, 104 E 4th St, Benson, 101 16th St, Douglas, 94 Bisbee, Bisbee, 1060 18th St, Douglas, 5620 S Hwy 92, Hereford, 251 Frontage Rd, Pearce, and 5217 S Hwy 92, Sierra Vista.

In addition to the twenty four sale properties, another seven locations were leased to Western Refining for a total of thirty-one new locations for Western to operate.

“This sale was the culmination of tremendous efforts and cooperation between the Reay’s Ranch group, ARCP, and Western Refining,” said CBRE’s Villaescusa. “It was a very complex deal involving operating businesses, fuel supply agreements, some fee owned and some leasehold real estate, and existing inventory and employees. It will provide Western Refining with more retail outlets for their product and reward the Reay’s group for building a successful business over their operating history.”

ARCP have been actively investing in Tucson in 2014 with the purchase of several CVS Pharmacies. See Real Estate Daily News coverage for ARCP Buys CVS Pharmacy at Broadway & Wilmot for $5.45 Million, and ARCP REIT Buys Second CVS in Tucson Area for $4.95 Million.

To learn more Villaescusa should be reached at 520.323.5112 while Peron can be contacted at 520.323.5130.

For additional information refer to RED Comp #2438.

Phoenix, AZ – CBRE negotiated the following two multi-family sales transactions:

Phoenix Fund IPIRG, LLC from San Diego, California has purchased Osborn Place apartment complex, a 30-unit, multi-family property located at 1414 East Osborn Place in Phoenix, Ariz. from EQ Downtown, LLC of Tempe, Ariz. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both buyer and the seller in negotiating the $1.83 million ($61,000 per unit) transaction.

Chen Development Group from Daly City, Calif. has purchased the 6 Palms apartment complex, a 35-unit multi-family property located at 2522 West Highland Avenue in Phoenix, Ariz., from Blaine, Wash.-based JL Investing, LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the seller in negotiating the $1,075,000 ($30,714 per unit).

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Phoenix, AZ  – Colliers International in Greater Phoenix, in conjunction with Colliers’ office in Albuquerque, recently completed the sale of Silverado, a 256-unit Class A multifamily complex in Albuquerque, New Mexico, which is the latest transaction stemming from a re-branding of the Colliers HSK Multifamily Southwest Team.

Clear Sky Capital Inc. of Phoenix purchased the property, at 5741 Osuna Road Northeast, from First Pacific of San Francisco. The list price was $20.5 million ($80,078 per unit); however, the closing price is being held as confidential.

Silverado was built in 1985; the 183,656-square-foot complex has 13 three-story buildings situated on just over eight acres of land. The unit mix is 72 one bed/one bath (539 sf), 108 one bed/one bath (669 sf), 36 two bed/two bath (880 sf), 36 two bed/two bath (1000 sf) and four three bed/2bath (1229 sf) units.

The apartments feature walk-in closets, extra storage areas, and private balconies or patios. Community amenities include a spa, fitness center, two heated pools, sand volleyball court, business center with free Wi-Fi and printing, and two clothes care centers. Silverado offers a private entrance with limited access entry and provides a courtesy patrol.

The apartments are located on Osuna Road near San Mateo Boulevard in the prestigious Northeast Heights submarket, which is a major north-south thoroughfare lined with retail and service centers, and restaurants. Silverado has direct access to I-25.

The pedestrian-friendly Uptown Shopping Center is three miles south

The transaction was brokered by Colliers International’s HSK Multifamily Team, led by Bill Hahn, Jeffrey Sherman, and Trevor Koskovich, senior vice presidents in the Phoenix office, with Cynthia Meister, associate broker in Colliers’ office in Albuquerque.

HSK Multifamily Southwest has been branching out to other states since late 2013, having completed a handful of sales in Las Vegas, El Paso and now Albuquerque. This expansion included adding a team member, Meister, who is the point person for the New Mexico market. The team presently has two listings in Albuquerque and a portfolio in West Texas.

of the complex. Additional shopping options include the Far North Shopping Center, Fiesta Square Shopping Center, Montgomery Plaza, and Coronado Center. Silverado is also near major employment centers, such as the Journal Center, Intel, Lovelace Health System, University of New Mexico, Kirtland AFB, and downtown Albuquerque.

The property is less than a mile west of Arroyo Del Oso Park and Golf Course. Further recreational opportunities are in the offing, as the City of Albuquerque is implementing a plan to support multi-use trail and bikeway networks for commuting and recreational uses.

“This is an excellent value-added property with a strong rental upside through interior upgrades and the addition of landlord owned in-suite washer, dryer appliances,” said Meister, adding, “The submarket occupancy and rents allow for improved performance.”

Colliers HSK Multifamily Southwest uses the extensive resources of Colliers International to assist in debt placement, investment sales, and appraisal services. The team achieves a high market share of B and C-quality multifamily asset sales by ensuring strong and efficient systems are in place for the marketing, acquisition, and disposition of properties. This superior service makes Colliers HSK Multifamily Southwest a leader in Arizona, New Mexico, Nevada, and Texas.