The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Jan. 1 thru 5, 2018.

OFFICE – 1310 W. ST. MARY’S RD., TUCSON
Skin Concierge, LLC; Dr. Mark Austein & Dr. Rachel Schacht has leased 1,369-square-feet at 1310 W. St. Mary’s Road, Suite A, from Campana De Plata, LLC; Dr. Rene Dominguez.  Lori Casey and Cameron Casey of Oxford Realty Advisors represented the Tenant and Lori Casey and Doug Marsh of Oxford Realty Advisors represented the Landlord in the transaction.  A new facility and medical practice.  Skin Concierge is a full-service dermatology and aesthetician practice. [mepr-show rules=”58038″]Asking lease rate: $16.50 – $17.00 SF/YR Modified Gross; Tenant Phone: 520.333.5973[/mepr-show]

RETAIL – 3820 W. RIVER RD, MARANA
Arizona Ice Cream Company, Inc., which will be opening the Tucson area’s first Pinkberry frozen yogurt leased 1,100-square-feet at 3820 W. River Rd., in the Marana Marketplace in Marana, Arizona. The long-term lease totals $457,071.  “Arizona Ice Cream Company, Inc. also operates two local Cold Stone Creamery stores and plans to open up to four Tucson-area Pinkberry locations over the next 12 to 18 months,” Scott Soelter of NAI Horizon said. Pinkberry, which offers frozen desserts, originated in Los Angeles in 2005 and now has more than 260 locations in 20 countries. It is headquartered in Scottsdale, Arizona. Tenants at Marana Marketplace include Sprouts, PetSmart, Conn’s, Sports Clips, and Guitar Center. Managing Director Scott Soelter of NAI Horizon’s Tucson office negotiated the lease on behalf of the tenant. The landlord, Marana Marketplace Partners, LLC of Tucson was represented by Melissa Lal of Larsen Baker.

RETAIL – 3951 W. INA RD., TUCSON
Chadron EFGAZ, LLC dba Eat Fit Go leased 988-square-feet at 3951 West Ina Road, Suite 123, Tucson. The space is located in a pad building that is also occupied by Starbucks and T-Mobile within Thornydale Plaza, a Target and Lowe’s anchored center at the southwest corner of Ina and Thornydale. Access Commercial represented the tenant. Dave Hammack of Volk Company represented the landlord, I.T. Investments One, L.L.C.

Send sales and leases to REDailyNews@outlook.com

A Canadian operator of 40 restaurant brands is expanding its U.S. presence by acquiring Scottsdale-based Kahala Brands, the parent company of Cold Stone Creamery and fast-food restaurants.

The buyer is the MTY Food Group, based in Montreal, Quebec, which is a franchisor and operator of more than 2,700 restaurants mainly in Canada.

The deal, announced last week, is worth an estimated $300 million, including $240 million in cash and 2.25 million shares of MTY stock.

The combined entity, with its U.S headquarters in Scottsdale, will have a portfolio of about 5,500 stores under 57 brands.

In a statement, MTY said the acquisition of Kahala represents a major milestone for the company, creating a growth platform for MTY brands operating in the United States.

“MTY had been searching for the right foundation for its U.S. expansion for the last three years, and it has finally found the perfect match,” said Stanley Ma, MTY chairman and CEO. “The combination of the two companies’ portfolio and expertise will produce tremendous opportunities in Canada, in the United States and worldwide.”

Michael Serruya, Kahala  chairman and CEO,  said the merger of Kahala and MTY is in the best interests of all Kahala’s shareholders, employees, franchisees and suppliers.

“My brothers and I have known Stanley Ma for many years,” Serruya said. “He is an extremely competent and professional CEO, who successfully leads an outstanding company.“

In addition to Cold Stone Creamery, Kahala Brands include Blimpie, Taco Time, Samurai Sam’s  and Pinkberry.

MTY reported more than $1 billion in sales from its portfolio of 40 restaurant brands.

The closing of the transaction is expected to happen within the next 75 days.