Cushman & Wakefield | PICOR Announces the Promotion of Dave Hammack & Aaron LaPrise

Dave Hammack and Aaron LaPrise of Cushman & Wakefield | Picor

TUCSON, ARIZONA — Cushman & Wakefield | PICOR is pleased to announce Dave Hammack and Aaron LaPrise have achieved shareholder status.  The two high-performing commercial real estate brokerage professionals are both Tucson natives active in the International Council of Shopping Centers (ICSC) and join the existing 14 C&W| PICOR principals in January 2019.

Dave Hammack, a retail specialist, joined the firm in 2017.  Hammack has over 19 years’ experience in Tucson’s retail commercial real estate market and has completed over 700 transactions during this time.  He specializes in landlord/tenant and buyer/seller representation of retail properties throughout Southern Arizona and has been awarded CoStar Power Broker status for transactional volume each year since 2007.

Aaron LaPrise, also specializing in retail brokerage, has been with C&W | PICOR since 2012.  LaPrise’s depth of retail market experience and focus on relationships have propelled his success, and he is a multi-year CoStar Power Broker awardee. His clients include national, regional and local firms. LaPrise’s background with ground-up retail development has aligned him with the most well-known developers in the state. He is a leading tenant representation broker, advocating for prominent restaurants, banks, and retailers.

Cushman & Wakefield | PICOR is Tucson’s leading independently owned, full-service commercial real estate company. Now in its 34th year, C&W | PICOR offers leasing, sales and property management for office, medical, industrial, retail, land and investment properties. C&W | PICOR’s service area encompasses Southern Arizona and Sonora, Mexico. Learn more and access timely market reports at www.PICOR.com.




Dollar General Portfolio Sells for $5.16 million; More New Stores to follow

TUCSON, ARIZONA – A three property portfolio of Dollar General stores sold for an aggregate $5.16 million and more land purchased in Amado and Red Rock for additional new stores.  DCM Development of Tucson (Chris Lechner, managing member) is the developer for Dollar General and has told us stores have buyers before being completed. A secure ‘Amazon-proof’ tenant, with good cash flow, and absolute triple net long term leases terms account for this investment popularity.

Dollar General offers products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations.

In addition to high quality private brands, Dollar General sell products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.

  • Jay Umiya DG, LLC purchased a 9,100-square-foot Dollar General building at 7440 S. Wilmot Rd. in Tucson, from DCM Development Company, LLC for $1,900,000 ($209 PSF).  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the seller; Mark McLoone with Retail Investment Group, LLC, represented the buyer.
  • PS Investment, LLC purchased a 9,100-square-foot Dollar General building at 20 S. Lee St. in St. David, AZ., from DCM Development Company, LLC for $1,715,000 ($188 PSF).  This is the only Dollar General store in St. David. Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the seller.
  • Spence Family Trust purchased a 9,100-square-foot Dollar General building at 1323 E. High St. in Sunsites / Pearce, AZ from DCM Development Company, LLC for $1,543,500 ($170 PSF). This is the only Dollar General store in Sunsites / Pearce. Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the seller; John Espinosa with Lee & Associates, represented the buyer.

DCM Development Company, LLC then purchased 1.62 acres of vacant land at 28890 S. Nogales Hwy. in Tucson, from Pierce Construction, Ltd. for $170,000 ($2.41 PSF).  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction.

Three weeks into construction on the Amado and Red Rock Dollar General stores, Hammack is marketing both properties at a 6.25% cap rate to investors.

For more information, Hammack should be contacted at 520.546.2712.

Login in for additional information and see RED Comp #6007 and #5996.

[mepr-show rules=”58038″]Dollar General at 7440 S. Wilmot Rd. in Tucson sold with a 6.09%. Cap rates on the other two were both 6.5% in smaller outlying communities.[/mepr-show]




Tucson Lease Report June 4 – 8, 2018

Tucson Lease Report June 4-8, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from June 4-8, 2018.

INDUSTRIAL – 3518 CANYON DE FLORES, SIERRA VISTA
PPG Architectural Finishes, Inc. renewed their lease for 3,525-square-feet at 3518 Canyon De Flores in Sierra Vista, from LHJD Investments, LLC.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.  [mepr-show rules=”58038″]Tenant Phone: 520.326.2481[/mepr-show]

RETAIL – 4165 W. INA RD., TUCSON
Desert Valley Christian Fellowship, LLC leased 3,477-square-feet at 4165 W. Ina Rd., Suite 101 in Tucson, from Tin Cup Properties, LLC, dba Regency Plaza.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord; Rick Borane with the Volk Company, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $12.00 SF/YR Modified Gross[/mepr-show]

RETAIL – 1835 S. ALVERNON WAY, TUCSON
United City Tucson Church leased 2,380-square-feet in Midpoint Business Plaza, 1835 S. Alvernon Way, Suites 216-217 in Tucson, from Presson Midpoint, LLC.  Rob Glaser, SIOR CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $7.80 SD/YR Modified Gross; Tenant Phone: 520.245.4858[/mepr-show]

INDUSTRIAL – 245 S. PLUMER AVE., TUCSON
Shift Transit, LLC leased 1,400-square-feet in Commerce Plaza, 245 S. Plumer Ave., Suite 16 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $7.80 –  $8.40 SF/YR Modified Gross[/mepr-show]

OFFICE – 220 E. 27th ST., TUCSON
Full Throttle Metric, LLC leased 1,350-square-feet at 220 E. 27th St., Suite G in Tucson, from Tin Cup Properties, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $6.00 SF/YR Industrial Gross; Tenant Phone: 520.661.6393[/mepr-show]

RETAIL – 7143 E. TANQUE VERDE, TUCSON
Rosie Tran leased 1,333-square-feet in Colonia Verde Shopping Center, 7143 E. Tanque Verde Rd. in Tucson, from ROK Colonia Verde, LLC.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 6330 N. CAMPBELL AVE., TUCSON
The Ballet Conservatory of Dance Music and Art, LLC expanded their leasehold for an additional 1,189-square-feet at 6330 N. Campbell Ave., Suite 110 in Tucson, from HRA Paloma Village, LP. This expansion brings the total square feet for the studio to 5,247 square feet. Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.[mepr-show rules=”58038″] Tenant Phone: 520.770.7827[/mepr-show]

To learn more, login and remember to send sales and lease to REDailyNews@outlook.com.