Tucson Lease Report Jan. 30 – Feb. 3, 2017

Tucson Lease report 3-13-16The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from January 30 thru February 3, 2017.

INDUSTRIAL – 2155 N. FORBES BLVD., TUCSON
Founders Health Care, Inc., dba Preferred Home Care, renewed their lease for 17,260-square-feet in Broadbent Industrial Center, 2155 N. Forbes Blvd., Suites 104 and 107 in Tucson, from Forbes Tucson, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Tripp Anderson, Jesse Blum and Bill Di Vito with CBRE, Inc. represented the tenant.

INDUSTRIAL – 119 W. ALTURAS ST., TUCSON
Hydraulic Solutions, LLC leased 7,487-square-feet at 119 W. Alturas St. in Tucson, from Bella Bleier Trust.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 2045 N. FORBES BLVD., TUCSON
Delta Zee Solutions, LLC renewed their lease for 4,800-square-feet in Broadbent Industrial Center, 2045 N. Forbes Blvd., Suite 106 in Tucson, from Forbes Tucson, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Richard Zepeda with Presidio Pointe Group represented the tenant.

RETAIL – 6572 E. GRANT RD., TUCSON
Southern Arizona Urgent Care leased 3,500-square-feet of retail space at 6572 E. Grant Rd. in Tucson from BP Grant Pad Investors, LP.  This will be the sixth Southern Arizona Urgent Care location serving the Tucson market.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant. Alan Tanner and Brig Stevens with Bourn Advisory Services represented the landlord in this transaction.

OFFICE – 3025 E. BROADWAY BLVD., TUCSON
Goldberg & Osborne has signed a lease for the corner endcap space in the historic Broadway Village, located at the southwest corner of Broadway Boulevard and Country Club Road. The address for the new 2,889-square-foot office space is 3052 E. Broadway Blvd, Tucson, AZ. Goldberg & Osborne is personal injury law firm and is the largest law firm in Arizona with 21 locations.  Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, CRI Broadway Village Partners, LLC, and the Tenant, Goldberg and Osborne, was represented by Jesse Peron of CBRE in this lease transaction.

OFFICE – 7440 N. ORACLE RD., TUCSON
Own It Home Loans signed a 3 year lease for 2,540-square-feet of office space in the San Juan Miguel Offices at 7440 N Oracle Road Tucson. Juan Teran, CCIM, Realty Executives Tucson Elite, represented the landlord.

INDUSTRIAL – 1011 S. EUCLID AVE., TUCSON
Hubert Dautremont leased 2,540-square-feet at 1011 S. Euclid Ave. in Tucson, from Rich Rodgers South, Inc.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 1200 N. EL DORADO PL., TUCSON
Santa Barbara Holdings, LLC renewed their lease for 1,723-square-feet in El Dorado Square, 1200 N. El Dorado Pl., Suite A-120 in Tucson, from El Dorado Ventures, LLC. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 6567 E CARONDELET DR., TUCSON
MomDoc, LLC leased 1,413-square-feet of medical office space located at 6567 E. Carondelet Dr., Suite 475 in Tucson, from Graham Tucson Medical Building, LP.  Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

OFFICE – 1200 N. EL DORADO PL., TUCSON
Eric D. Sonderer leased 1,380-square-feet in El Dorado Square, 1200 N. El Dorado Pl., Suite E-500 in Tucson, from El Dorado Ventures, LLC. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 4500 E SPEEDWAY BLVD., TUCSON
KCI USA, Inc. leased 1,200-square-feet in Midway Business Park, 4500 E. Speedway Blvd., Suite 33 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Andrew Taguwa with Jones Lang LaSalle Americas, Inc., Dallas, TX, represented the tenant.

INDUSTRIAL – 3957 E. SPEEDWAY BLVD., TUCSON
DIY Cosmetics, LLC leased 844-square-feet in the Central Point Business Plaza, 3957 E. Speedway, Suite 207 in Tucson, from Central Point Tucson, LLC.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction. 

OFFICE – 6262 N. SWAN RD., TUCSON
Malena Produce, Inc. leased 794-square-feet of office space in Skyline Corporate Center, 6262 N. Swan Rd. in Tucson, from Skyline Corporate Center, LLC.  Denisse Angulo, Commercial Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  Lori Casey and Cameron Casey with Oxford Realty Advisors, Inc., represented the landlord.

OFFICE – 2231 N. INDIAN RUINS RD., TUCSON
Essential Wellness, LLC leased 560-square-feet of office space at 2231 N. Indian Ruins Rd., Suite 2 in Tucson, from Rodgers Investment Fund Two, LP.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, handled this transaction.

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XXVI Annual CCIM Forecast Challengers Announced for 2017 Competition

Southern Arizona XXVI CCIM Market Forecast Competition promises to be as exciting an afternoon for real estate fans as Super Bowl LI for sports fans

TUCSON, Arizona — This year’s 26th Annual Southern Arizona CCIM Forecast Competition will be sponsored by Platinum Sponsors, University of Arizona’s, Master of Real Estate Development (MRED) in conjunction with Larsen Baker, LLC. A unique partnership of exchange between the local Southern Arizona CCIM Chapter and the UA MRED program formed several years ago, with CCIM instructors participating in real-life applications with MRED students.

The Southern Arizona CCIM Forecast Competition is the longest-running event of its kind in the nation and is expected to draw 350 to 400 attendees this year. Craig Finfrock, CCIM, President Elect 2018 / Vice President is heading up this year’s competition, along with Melissa Lal, CCIM, President 2017, Suzie Ong, CCIM, Secretary, and Mark Hays, candidate CCIM.

This year’s inductee into the CCIM Tucson Legends will be Humberto Lopez, Co-founder and Chairman of the Board at HSL Properties. Over the past 40 years, HSL has become the largest multifamily property owner in the Southwest. The keynote speaker will be John Oliver, Director of Customer Services and Global Accounts, Surface Mining & Technology Division for Caterpillar, Inc. will speak about the Company’s decision-making to move its new regional headquarters to Tucson.

The XXVI Annual CCIM Forecast Panels will assemble and this year’s competition looks to be intense but fairly-matched. Last year’s champions will try to preserve their titles against new contestants who have been preparing all year for this competition, in hopes of ‘taking home the gold’ trophy.

Expecting to hear good news, here’s how the competition panels break out with 21 total panelists all confident they hold best home field advantage:

The 2016 Retail category Winner, Gary Heinfeld, CCIM, Principal of Advisors in Real Estate, Inc. will return to be matched against challengers, Melissa Lal, CCIM, of Larsen Baker, Michael Laatsch of CBRE and Andria Burke, MAI, Appraiser at Wells Fargo Bank, N.A. Heinfeld predicted a 6.37% retail vacancy rate while the actual rate came in at 6.40%.

Last year’s Office category Winner, Aubrey Finkelstein, Associate at Vast Real Estate Solutions will be up against competition from challengers, Dave Volk, Vice-President of CBRE, Tari Auletta, CCIM, Associate with Keller Williams Realty and Charles Singleton, MAI, at Singleton Valuations. Finkelstein predicted an 11.99% office vacancy while actual rate came in at 11.00%.

The 2016 Land category Winner, Aaron Mendenhall, Associate with Chapman Lindsey Commercial Real Estate, will face-off against challengers, John Carroll, Associate with Land Advisors Organization and Roy “Thrac” Paulette, Principal of Cantera Real Estate. Mendenhall predicted 2,949 residential permits for the year while actual number came in at 2,928 permits.

In the Multifamily category, the 2016 Winner, Lance Parsons, CCIM, Partner at ABI Multifamily will fend off Jason Hisey, Principal of The Hisey Group, and Allan Mendelsberg, Associate with Cushman & Wakefield | Picor. Parsons predicted 6.95% vacancy rate for the multifamily sector while the actual rate was 6.87%.

The 2016 Industrial category Winner, Russ Hall, SIOR, GSCS, Principal at Cushman & Wakefield | Picor will be opposing challengers Gary Emerson, Principal at GRE Partners, Dave Gallaher, CCIM, Principal of Tucson Industrial Realty and Beverly Weissenborn, MAI, Principal with Weissenborn Appraisal. Hall had predicted an industrial vacancy rate of 7.24% while actual vacancy rate was at 7.80%.

In the Finance category, last year’s Winner, Mike Trueba with Commerce Bank of Arizona will attempt to protect his title from challengers, Justin Martinez of the National Bank of Arizona, and Jim Hunter of BBVA Compass Bank. Trueba had predicted a 10-year Treasury bill rate of 2.62% at year end and the actual rate was 2.45%.

The XXVI Annual CCIM Market Forecast Competition promises to be as exciting an afternoon for real estate fans as the Super Bowl LI game will be for sports fans, without all the commercials.

If you haven’t reserved yet, there may still be time. Registration and networking begins at 11:15 am; Program starts at 12:00-4:30 pm followed by a networking cash bar reception from 4:30–5:30 pm. Tuesday, February 21st at the Marriott Tucson University Park, 880 E 2nd Street Tucson AZ 85719. – LUNCH SERVED & FREE PARKING!

Printable Registration Form 2017 to register or contact Aaron Reid at 520.382.8791 or by email sazccim@TucsonRealtors.org

 




Tucson Lease Report January 9-13, 2017

Tucson Lease report 3-13-16The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from January 9 thru 13, 2017.

INDUSTRIAL – 8620 E. OLD VAIL RD., TUCSON
Raise the Bar Fitness leased a 5,280-square-feet industrial property at 8620 E. Old Vail Road. The landlord was represented by Tim Healy and Robert DeLaney of CBRE.

OFFICE – 1 S. CHURCH ST., TUCSON
Carollo Engineers, Inc. leased a 3,215-square-feet of office space at 1 South Church Ave. The tenant was represented by Dustin McFarland of Savills Studley. The landlord, 1SC Partners LLC, was represented by Jeff Casper of CBRE.

RETAIL – 7105 E. 22nd St., TUCSON
46 Wellness, LLC has leased 3,050-square-feet at 7105 E. 22nd Street, from Gee Garden Properties-2, LLC.  Robert J. Nolan of Oxford Realty Advisors represented the Tenant and David Lee of David Lee Real Estate represented the Landlord in the transaction.

RETAIL – 4016 N. 1st AVE., TUCSON
Mama’s Hawaiian Bar-B-Cue has signed a lease at Shoppes at 1st & Roger for their fifth location in Tucson and sixth in Arizona. Their newest restaurant will be located at the 4016 N. 1st Avenue, Suites 100 and 110, at the northeast corner of 1st Avenue and Roger Road. This new Mama’s Hawaiian Bar-B-Cue location will be 2,160-square-feet and is expected to open in May 2017. Mama’s Family Restaurants, LLC opened their first restaurant on Speedway near the University of Arizona in 2010. Shoppes at 1st and Roger was completed in December 2016 and is anchored by an existing Fry’s Food and Drug Store. Craig Finfrock of Commercial Retail Advisors, LLC represented both, the Landlord, Shoppes at 1st & Roger, LLC, and the Tenant, Mama’s Family Restaurants, LLC, in this lease transaction.

INDUSTRIAL – 3455 S. PALO VERDE RD., TUCSON
Arizona Smart Start, LLC leased 1,815-square-feet in the multi-tenant industrial property at 3455 S. Palo Verde. The landlord was represented by Tim Healy and Robert DeLaney of CBRE.

OFFICE – 100 N. STONE AVE., TUCSON
Richard Bock and Jesse Smith leased a 1,783-square-feet office property at 100 N. Stone Avenue. The landlord was represented by Bruce Suppes and David Volk of CBRE. A

OFFICE – 100 N. STONE AVE., TUCSON
Ikes Coffee leased 1,468-square-feet of office space at 100 N. Stone Avenue. The landlord was represented by Bruce Suppes and David Volk of CBRE.

OFFICE – 1701 W. ST. MARY’S RD., TUCSON
Pasqua Yaqui Tribe leased 1,425-square-feet of medical space at 1701 W. St Mary’s Road. The tenant was represented by Dave Blanchette and Ian Stuart with CBRE. The landlord was represented by Tom Neiman with Cushman Wakefield | PICOR.

RETAIL – 3964 N. ORACLE RD., TUCSON
Pizza Hut of Arizona leased a 1,356-square-feet retail property located at 3964 N. Oracle Road. The tenant was represented by Jesse Peron and Peter Villaescusa of CBRE. The landlord was represented by David Carroll of Romano Real Estate.

RETAIL – 902 – 954 W. PRINCE RD., TUCSON
LaborMax Staffing leased 1,300-square-feet in the Del Norte Shopping Center, located at the northwest corner of Prince Rd. and Fairview Ave. in Tucson, from Prince Road Plaza, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 718 E 46th ST., TUCSON
The Doughnut Peddler leased 1,240-square-feet at 718 E. 46th St. in Tucson, from El Gato Investment Two, LLC.   Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 3898 E. GRANT RD., TUCSON
The UPS Store leased 1,200-square-feet in Fry’s Plaza, located at 3898 E. Grant Rd. in Tucson, from Grant and Alvernon Realty Trust.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 10235 E. OLD VAIL RD., TUCSON
Mindy Huyen Bui, Nail File Spa, leased 1,200-square-feet in a planned retail shop building to begin construction in Las Plazas at Old Vail, located at 10235 E. Old Vail Road. The landlord was represented by Jesse Blum and Nancy McClure of CBRE.

OFFICE – 100 N. STONE AVE., TUCSON
Ram Nath, LLC leased 1,172-square-feet of office space at 100 N. Stone Avenue. The landlord was represented by Bruce Suppes and David Volk of CBRE.

RETAIL – 7123 E. TANQUE VERDE RD., TUCSON
Yong Ge and Wei Fang leased 1,050-square-feet at 7123 East Tanque Verde Road for ‘A Peace of Touch’, offering reflexology massage and acupuncture services. Dave Hammack of Volk Company represented the Colonia Verde Shopping Center.

RETAIL – 7123 E. TANQUE VERDE RD., TUCSON
The Vape Zone Smokeless, LLC leased 850-square-feet at 7113 East Tanque Verde, Suite 115, for a vape shop. Colonia Verde Shopping Center is located at the northeast corner of Tanque Verde Road and Sabino Canyon Road and is anchored by Safeway, Walgreens, and Ace Hardware. Dave Hammack of Volk Company represented the Colonia Verde Shopping Center.

OFFICE – 1611 N. WILMOT RD., TUCSON
Adobe Insurance has extended their lease of 731-square-feet at Dorado Park Office Plaza, 1611 N. Wilmot Road, Suite 102A, from Deebco Properties (Landlord).  Andrew Sternberg of Oxford Realty Advisors handled the transaction.

OFFICE – 4560 E. BROADWAY BLVD., TUCSON
La Luz Properties, LLC leased 139-square-feet of office space in Midstar Plaza, 4560 E. Broadway Blvd., Suite 225 in Tucson, from Midstar Partners, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.