Tucson Lease Report January 11-15, 2016

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from January 11 thru 15, 2016.

OFFICE – 5055 E. BROADWAY BLVD., TUCSON
Arizona Community Physicians have leased an expansion and renewal of 23,810-square-feet of administrative office space at 5055 E. Broadway Blvd, Suite D101-106 from Partners Management. The tenant was represented by David Montijo and Damian Wilkinson with CBRE’s Tucson office. [mepr-show rules=”58038″]Asking lease rate: $13.50 SF/YR Full Service[/mepr-show]

OFFICE – 3450 E SUNRISE DR., TUCSON
Russ Lyon Sotheby’s International Realty has leased 5,158-square-feet, and Metro Title of Arizona has leased 1,852 square feet of office space at 3450 E. Sunrise from The Northern Trust Co. Buzz Isaacson and Jeff Casper, both with CBRE’s Tucson office, handled the transaction.

OFFICE – 100 N STONE AVE, TUCSON
CyraCom International has leased 3,462-square-feet of office space at 100 N. Stone, Suite 610 from Holualoa Pioneer, LLC. The landlord was represented by Bruce Suppes and David Volk with CBRE’s Tucson office. The tenant was self-represented. [mepr-show rules=”58038″]Asking lease rate: $17.00 SF/YR Full Service[/mepr-show]

RETAIL – 3770 E. SUNRISE DR., TUCSON
KE Hospitality Group (dba Contigo Cocina Latina) has leased 3,000 square feet of restaurant space at the Westin La Paloma Resort & Spa located at 3770 E. Sunrise Drive from SWVP La Paloma, LLC. The landlord was represented by Michael Laatsch with CBRE’s Tucson office. The tenant was self-represented.

RETAIL – 7090 N. ORACLE RD., TUCSON
Trade Company No.1, Inc. has leased 1,415-square-feet of retail space at La Toscana Shopping Center located at 7090 N. Oracle Rd. The landlord was represented by Pete Villaescusa and Jesse Peron with CBRE’s Tucson office. The tenant was represented by Paul Rosado. [mepr-show rules=”58038″]Asking lease rate: $18.00 – $25.00 SF/YR NNN[/mepr-show]

OFFICE – 310 S WILLIAMS BLVD., TUCSON
Rachel Gelbin, PLLC has leased 1,381-square-feet of office space at 310 S. Williams, Suite 145 from DHS Property Investments. The landlord was represented by David Montijo and Damian Wilkinson with CBRE’s Tucson office. The tenant was represented by Ryan McGregor with Keller Williams Southern Arizona. [mepr-show rules=”58038″]Asking lease rate: $18.00 SF/YR Full Service[/mepr-show]

OFFICE – 3320 N. COUNTRY CLUB, TUCSON
MW Morrissey Construction has leased 1,123-square-feet of office space at 3320 N. Country Club, suite 220 from BHS Investments. The transaction was conducted by Jeff Casper, David Montijo with CBRE’s Tucson office.

OFFICE – 3567 E SUNRISE DR., TUCSON
The Altman Group has leased 694-square-feet of office space at 3567 E. Sunrise Dr., Suite 111 from La Paloma Corporate Center, LLC. Jeff Casper and David Montijo with CBRE’s Tucson office represented the landlord. The tenant was represented by Kevin Volk with Volk Company. [mepr-show rules=”58038″]Asking lease rate: $25.00 SF/YR Full Service[/mepr-show]

Tucson Lease Report January 4-8, 2016

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from January 4 thru 8, 2016.

INDUSTRIAL – 3831 E 37^th ST., TUCSON
Campas Performance Engineering leased 4,500-square-feet at 3831 E 37^th St from Silva Revocable Trust. Dave Gallaher, CCIM, of Tucson Industrial Realty LLC represented the owners, the Silva Revocable Trust. Michael Coretz, Commercial Real Estate Group, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.829.6609[/mepr-show]

RETAIL – 7760 E WRIGHTSTOWN RD., TUCSON
Lasagna and More leased 2,400-square-feet in Catalina Village at 7760 E. Wrightstown Road in Tucson, AZ. The owner of the center is GSMS 2005-GG4 Wrightstown Road, LLC. Jake Ertle of Rein & Grossoehme represented the Landlord and Kevin Volk of Volk Company represented the Tenant. [mepr-show rules=”58038″]Asking lease rate $7.00 – 14.00 SF/YR NNN; Tenant Phone: 520.603.8171[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Joe Christiani’s Drinking Water Systems, LLC leased 1,620-square-feet at 4500 E. Speedway, Suite 87 in Tucson from Presson Midway, LLC. Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled the transaction. [mepr-show rules=”58038″]Asking lease rate: $0.72 – 0.80 SF/MO Modified Gross; Tenant Phone: 520.241.1000[/mepr-show]

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON
Lee Mechanical & Plumbing, LLC leased 1,200-square-feet at 1870 W. Prince Rd., Suite 57 in Tucson from Presson Corporation. Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. T[mepr-show rules=”58038″]enant Phone: 520.623.0355[/mepr-show]

INDUSTRIAL – 1101 W. GRANT RD., TUCSON
Smart Start leased 1,200-square-feet in Grant Interstate Commons, 1101 W. Grant Road, Suite 206 in Tucson from the Sloat Family Partnership, LLLP. Smart Start® offers fully integrated services for ignition interlock devices and home alcohol monitoring systems for DUI and DWI prevention. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.623.1602[/mepr-show]

OFFICE – 310 S WILLIAMS BLVD., TUCSON
HomeAmerican Mortgage Corporation has leased 990 square feet at 310 S. Williams Blvd., Suite #240, from DHS Property Investments, LLLP. Andrew Sternberg of Oxford Realty Advisors represented the Tenant and Damian Wilkinson and David Montijo of CBRE Tucson represented the Landlord in the transaction. [mepr-show rules=”58038″]Asking Lease Rate: $18.00 SF/YR Full Service; Tenant Phone: 520.290.1000[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Kalmed, LLC leased 938-square-feet at 4500 E. Speedway, Suite 69 in Tucson from Presson Midway, LLC. Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled the transaction. [mepr-show rules=”58038″]Asking Lease Rate: $0.72 – 0.80 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 4555 S. PALO VERDE RD., TUCSON
AZ Harmony Medical Transportation, LLC leased 908-square-feet at 4555 S. Palo Verde Rd., Suite 163 in Tucson from Presson Equity Partners, LLP. Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 602.300.0619[/mepr-show]

Tucson Office Condo Market is Brisk at Year End

Offices and office condominiums have been selling at a quick clip as we close on 2015. The following condominium sales took place in late November and December in Tucson.

Law Broski’s, LLC (Steven Centuori and Rene Alcoverde, Jr.) purchased a 3,013-square-foot office condominium in North Swan Condominiums, located at 2810 N Swan Road, Ste. 160 in Tucson from Buehler Properties, LLC of Tucson (Robert Buehler) for $527,275 ($175 PSF). The buyer purchased to owner occupy the space for the law firm Centuori & Alcoverde, PC. Janine Irvin of Mark Irvin Commercial Real Estate Services represented the buyer and Buzz Isaacson and Jeffrey Casper with CBRE in Tucson represented the seller.

For more information, Irvin can be reached at 520.620.1833, Isacccson is at 520.323.5100 and Casper should be called at 520.323.5181. To learn more, see RED COMP #3481.

Consensus Ventures, LLC of Tucson (Chris McLean) purchased a 3,191-square-foot office condominium at Rillito Crossing Corporate Center, located at 4007 E Paradise Falls Drive, Units 125 and 126 from William K Wonders, trustee of the Wonders Living Trust for $725,000 ($227 PSF). The office space was built in 2007 and vacant at time of sale. To learn more, see RED COMP #3455.

CGAA, LLC of Tucson (Amber Perry) purchased the 2,368-square-foot office condominium in Old Farm Executive Park, located at 6041-6043 East Grant Road in Tucson for $305,000 ($129 PSF) from Debra Budinger Meyer and Cynthia O’Rourke Sands. Built in 1996, the property sold with a tenant in 1,368-square-feet and two years remaining on the lease. Jordan Simon and Karen Ferrell of Venture West in Tucson handled the transaction.

For more information, contact Simon and Ferrell at 520.722.9292. To learn more, see RED Comp #3508.

Deriana Properties, LLC of Tucson (Ronald Deriana) bought the 1,514-square-foot office condominium, located in the Ina Road Professional Center at 1607 W Ina Road, from the National Bank of Arizona for $215,000 ($142 PSF). The buyer was a tenant prior to sale, dba Dr. Ronald Deriana, DDS.

For more information, see RED Comp #3509.

Page Holdings, LLC has purchased 2,112-square-foot office condominium at San Rafael Medical Center located at 6560 E. Carondelet Drive in Tucson from James and Vicky Sherman for $139,392 ($66 PSF). The transaction was conducted by CBRE’s Tucson office. The buyer was represented by Bruce Suppes. The seller was represented by Jeff Casper, David Montijo, and Damian Wilkinson.

For more information, Suppes, Casper, Montijo and Wilkinson can be reached through the CBRE office at 520.323.5100. To learn more, see RED COMP #3478.

Andrew and Brenda A Knapik of Tucson purchased a 1,700-square-foot office condominium, located in the Broadway Executive Plaza, 7475 E Broadway Blvd in Tucson from ACE CAT, LLC of Tucson (Ben Bradford) for $121,500 ($71.47 PSF). Built in 1980, the unit had been refurbished with new carpet and paint. Jon O’Shea with Vast Real Estate Solutions represented the seller in the transaction.

For more information, O’Shea can be contacted at 520.398.7104. To learn more, see RED Comp #3420.

Bouchard Properties, LLC of Tucson (Francis and Deborah Bouchard) purchased an 817-square-foot office condominium in Jacinto Business Plaza, located at 2579 N. First Ave. in Tucson, from Aaron J. Eden for $87,500 ($107 PSF). Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the seller and Ellen Golden with GoldSmith Real Estate, represented the buyer in this transaction.

For more information, Zellet should be reached at 520.546.2739 and Golden is at 520.219.3100. To learn more, see RED COMP #3515.