Tucson Lease Report Week of July 20-24, 2015

Tucson Lease Report
Tucson Lease Report

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from July 20 thru 24, 2015.

RETAIL – 7955 E. BROADWAY BLVD., TUCSON
Mattress Firm, Inc. leased 4,800-square-feet in Tucson Marketplace Shopping Center at 7955 E. Broadway Blvd. in Tucson from Broadpan Properties, LLC.  Aaron LaPrise and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord and Michael Clark with Velocity Retail Group, represented the tenant in this transaction.

OFFICE – 1880 E. RIVER RD., TUCSON
ARC Therapy Services, LLC, dba Brookdale Home Health Tucson, leased a 2,920-square-foot office building at 1880 E. River Rd. in Tucson from Cambric Partners.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.219.1649[/mepr-show]

INDUSTRIAL – 2440 W. RUTHRAUFF RD., TUCSON
APRE Instruments, LLC leased 2,800-square-feet in Ruthrauff Commerce Center at 2440 W. Ruthrauff Rd., Suite 100 in Tucson from Presson Scottsdale, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.[mepr-show rules=”58038″] Asking lease rate $0.69 SF/MO Modified Gross; Tenant Phone: 860.398.5764[/mepr-show]

INDUSTRIAL – 3860 S. PALO VERDE RD., TUCSON
Pioneer Equipment, Inc. leased 2,330-square-feet in Palo Verde Business Center at 3860 S. Palo Verde Rd., Suite 314 in Tucson from Palo Verde Trust Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and Michael Coretz with Commercial Real Estate Group of Tucson, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.63. – $0.64 SF/MO Modified Gross; Tenant Phone: 520.622.1638[/mepr-show]

INDUSTRIAL – 2440 W. RUTHRAUFF RD., TUCSON
Desert Moonlight, LLC leased 2,000-square-feet in Ruthrauff Commerce Center at 2440 W. Ruthrauff Rd., Suite 170 in Tucson from Presson Scottsdale, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.69 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON
Contreras Designs, Inc. leased 1,440-square-feet in Exchange Place at 1870 W. Prince Rd., Suite 28 in Tucson from Presson Corporation.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.[mepr-show rules=”58038″] Asking lease rate: $0.74 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 3925 E. 29th ST., TUCSON
BioVeteria Life Sciences, LLC leased 1,280-square-feet in Midpoint Business Plaza at 3925 E. 29th St., Suite 401 in Tucson from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and Bob Davis with Rein & Grossoehme Commercial Real Estate and now with Tango Commercial Real Estate, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.62.SFR/MO Modified Gross; Tenant Phone: 928.776.1813[/mepr-show]

RETAIL – 3870 E. RIVER RD., TUCSON
Mr. Louis DeSanto has leased 1,200-square-feet at 3870 E. River Road, Suite 110, from Marana Marketplace Partners, LLC.  Great new martial arts studio that will serve clients of all ages; Great children programs offered; Opening October 2015.  Lori Casey of Oxford Realty Advisors represented the Tenant and Andy Seleznov and Melissa Lal of Larsen Baker, LLC represented the Landlord in the transaction.

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON
TGS Outdoors leased 1,200-square-feet in Exchange Place at 1870 W. Prince Rd., Suite 66 in Tucson from Presson Corporation.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.[mepr-show rules=”58038″] Asking lease rate: $0.74 SF/MO Modified Gross; Tenant Phone: 520.887.5439[/mepr-show]

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Arizona Under Global Spotlight at ITRA Scottsdale Conference

Photo ACA
Photo ACA
The 2013 Fall International Tenant Representative Alliance (ITRA) Global Corporate Real Estate Conference will be held in Scottsdale, Arizona on September 20-22, 2013. ITRA Global is one of the largest global real estate organizations devoted to the representation of corporate tenants and occupiers of commercial real estate worldwide. This event will be attended by top executives and decision-makers of ITRA and select guests from North America, Latin America, Europe and Asia.

The VIP Access Sponsor for the conference is the Arizona Commerce Authority (ACA), the state’s leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy. The ACA uses a three-pronged approach to advance the overall economy: (1) Recruit out-of-state companies to expand their operations in Arizona; (2) work with existing companies to grow their business in Arizona and beyond; and (3) partner with entrepreneurs and companies large and small to create new jobs and businesses in targeted industries.

ITRA Global is an organization of real estate professionals specializing in representing tenants and buyers in the leasing, acquisition and disposition of office, industrial and retail facilities. With coverage in major markets around the world, ITRA Global is one of the largest organizations dedicated to representing tenants and occupiers of commercial real estate.

The ITRA Global Conference provides an opportunity for state economic development leaders to showcase Arizona as a prime location for business expansion. The will focus on business development for the group’s affiliated commercial real estate professionals. These real estate executives serve as site selection experts, representing companies seeking business locations around the world for lease or investment.

While meeting in Arizona, executives will learn about Arizona’s competitive business advantages, as well as receive in-depth information about state and regional business incentives and services for corporate location or expansion.

“Showcasing Arizona’s pro-business value proposition to these key influencers is an incredible opportunity to position Arizona as top-of-mind with the corporate decision makers they represent,” said Sandra Watson, ACA’s president and CEO. “We look forward to hosting ITRA Global executives, ensuring they come away with a strong understating of why Arizona is a nationally ranked Best State for Business, and further enhancing our efforts to attract new business to the state.”

“Arizona is a prime location for global business,” said Michael Coretz, broker of Commercial Real Estate Group of Tucson (CREGT) and ITRA Global affiliate who was instrumental in bringing ITRA Global and its fall gathering to the attention of ACA. “The state has a lot to offer, especially to businesses in renewable energy, aerospace and defense, technology and innovation, bioscience and healthcare. My ITRA colleagues deserve to know how Arizona might fit with their clients’ needs.”

Commercial Real Estate Group of Tucson specializes in representing commercial real estate tenants and corporate users in Tucson and Arizona, across the United States, Latin America, Europe and Asia as a member of ITRA.

“Our colleagues will be thoroughly impressed with the many benefits the region has to offer,” says Gordon Rasmussen, principal of ITRA Global/Martin Property Advisors Inc. of Phoenix, another ITRA Global affiliate member in Arizona.

More information on ITRA Global can be obtained by contacting Michael Coretz at (520) 299-3400 or Beth Wade, ITRA Executive Director, at (706) 654.3201. The Arizona Commerce Authority can be reached at (602) 845-1231.