Tucson Lease Report June 25- 29, 2018

Tucson Lease Report June 25-29, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from June 25-29, 2018.

OFFICE – 177 CHURCH AVE., TUCSON
WSP USA Buildings Inc., based in New York, leased 5,424-square-feet at the Transamerica Building, located at 177 Church Avenue, for their new Tucson location. Buzz Isaacson and Alex Hardie with CBRE Tucson represented the landlord, TA Building Corp., in the transaction. [mepr-show rules=”58038″]Asking lease rate: $18 SF/YR Full Service; Phone: 520.882.6424[/mepr-show]

OFFICE – 4279 SANTA RITA, TUCSON
Adrian Lopez and Lizet A. Lopez leased 4,700-square-feet at 4279 South Santa Rita, Tucson. The space will be used for distribution. Ron Zimmerman of Cushman & Wakefield | Picor represented the tenant. Kevin Volk of Volk Company represented 4275 Santa Rita LLC.

RETAIL – 3382 E. SPEEDWAY BLVD., TUCSON
Pacific Dental Services, LLC. leased a 3,402-square-foot end cap at 3382 East Speedway Boulevard, Tucson. The space is located within Rancho Center, which is anchored by Whole Foods, Bookmans, Mattress Firm, and Performance Bikes. With the completion of this lease, there are now only two small vacant suites remaining in the center. The Tenant was represented by Joe Doucett of Newmark Knight Frank. Debbie Heslop, CCIM, of Volk Company represented the landlord, Rancho Center, LLC.

OFFICE – 10445 N. ORACLE RD., ORO VALLEY
Old Republic Title Agency signed a 2,080-square-foot lease at Rooney Ranch, located at 10445 N. Oracle Rd. Buzz Isaacson and Alex Hardie represented the landlord, Berkeley Land Co. Inc., in the transaction. Deval Gupta with Cushman and Wakefield’s Phoenix office represented the tenant.

INDUSTRIAL – 1321 W. AJO WAY, TUCSON
EMCOR Government Services, Inc. renewed its lease for 1,730-square-feet at 1321 West Ajo Way, Suite 103. The space is located within Ajo Business Center, a retail and industrial project at Ajo Way and Benson Highway. Kevin Volk of Volk Company represents the landlord, Ajo Business Center Limited Partnership. [mepr-show rules=”58038″]Tenant Phone: 520.206.0420[/mepr-show]

RETAIL – 4677 E. SPEEDWAY BLVD., TUCSON
Jiawei Zhang, dba Sunshine USA, LLC. leased 1,533-square-feet at 4677 East Speedway Boulevard, Tucson. The tenant currently operates a foot reflexology and foot massage business in an adjacent space and will be using this additional space to expand its business. The space is located at Mission Plaza, a Sprouts-anchored shopping center at the northwest corner of Speedway and Swan. Kevin Volk and Jeramy Price of Volk Company represented the Landlord, Brazo, LLC.

OFFICE – 258 E. RIVER RD., TUCSON
Arizona Psychiatry, PLLC leased 1,331-square-feet at 258 E. River Road.  Andrew D. Sternberg with NAI Horizon Tucson represented the Landlord and Damian Wilkinson and David Montijo with CBRE represented the tenants in this transaction. [mepr-show rules=”58038″]$19.00 SF/YR Modified Gross; Phone: 520.485.7836[/mepr-show]




Micro-Hospital Site Sells in Marana at Cortaro Ranch

MARANA, ARIZONA – Cortaro Commercial JV, LLC sold 3.86-acres at 5600 West Cortaro Farms Road in Cortaro Ranch, off I-10, for $966,650 (5.75 PSF) in Marana. The buyer is Marana Micro-Hospital, LLC, an affiliate of Beaumont Surgical Hospital Partners of The Woodlands, TX plan to construct a 40,000-square-foot micro-hospital on the site.

Cortaro Ranch is approximately 20-acres, at the northeast of Cortaro Farms and I-10, currently with an IHOP (soon to be rebranded IHOB) at 8445 N Cerius Stravenue, as shown on the site plan. The micro-hospital will be located to the north of IHOP and a build-to-suit Dutch Bros Coffee with drive-thru under construction by the seller / developer, Thrift Thompson Retail Group (TTRG).

Cortaro Commercial JV is a joint venture between Caddis Bridge (Greg Anderson) of Tucson and TTRG, a Terra Haute, Indiana based company with an office in Phoenix (Chris Hake, Vice-President and Director of Southwest Region).

Chris Hake is leading the development and heads up the local operations in Phoenix. Hake has been with Thompson Thrift since 2007 and has been in the commercial real estate industry for over 10-years. Hake told us the company is also in negotiations with a national retailer for a 45,000-square-foot store at the northwest corner of the center, shown on the site plan.

Plans are to develop an additional medical / office building adjoining the 35,000-square-foot, 22-bed micro-hospital, including inpatient and emergency room beds, a planned hotel site and additional retail shop space at Cortaro Ranch. Serial Grillers recently announced a future restaurant here while still doing tenant improvements at the former Chuy’s in Rita Ranch at 7585 S. Houghton Road in Tucson.

This is the second micro-hospital in metro Tucson, the first was built as an Emergency Center at Houghton Town Center by Northwest Medical Center.

Starting in Colorado, Texas, Indiana, and other large- and medium-sized cities in the United States, micro-hospitals are licensed facilities that tailor their services to the populations they serve. Some offer an emergency department, pharmacy, lab, and imaging center. Others focus on primary care, nutrition services, gynecological and other women’s health services, and minor outpatient surgeries. Thanks to their smaller size and fewer services offered, micro-hospitals charge less than larger traditional hospitals, and like their larger counterparts, are open 24/7.

Brokers who represented the seller on the hospital closing are Chuck Wells with CBC Advisors of Phoenix, Brenna Lacey with Volk & Co. and Paul Serafin with De Rito. The buyer’s broker was David Montijo with CBRE in Tucson.

Wells can be reached at 602.884.8345, Lacey should be contacted at 520.326.3200 and Serafin is at 480.834.8500. To contact Montijo, call 520.323.5100.

To learn more, see RED Comp #5890.




Tucson Lease Report February 5-9, 2018

Tucson Lease report 3-13-16
Tucson Lease Report Feb. 5-9, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Feb. 5 thru 9, 2018.

OFFICE – 4892 N STONE AVE., TUCSON
Tucson Physician Group Holdings leased 12,380-square-feet of office space at 4892 N. Stone Avenue. David Montijo and Damian Wilkinson of CBRE represented the tenant in the transaction.

OFFICE – 4892 N STONE AVE., TUCSON
SMSJ Tucson Holdings, LLC leased 6,596-square-feet of office space at 4892 N. Stone Avenue. David Montijo and Damian Wilkinson of CBRE represented the tenant in the transaction.

INDUSTRIAL – 4605 S PALO VERDE RD, TUCSON
Overtone Haircare, Inc leased 4,980-square-feet of industrial space at 4605 S. Palo Verde Road in the Butterfield Center. Tim Healy and Bob DeLaney of CBRE represented the tenant. Rob Glaser of Cushman Wakefield | PICOR represented the landlord, Presson Equity Partners, in the transaction.

OFFICE – 6303 E. TANQUE VERDE RD., TUCSON
Cogent3D, Inc., dba CropTrak, leased approximately 3,687-square-feet of office space located at 6303 E. Tanque Verde, Suite 210, Tucson, Arizona, from 6303 Tanque Verde, LLC. Michael Gross of Tucson Realty & Trust Co. represented the Landlord and Bob Davis of Tango Commercial Real Estate Solutions represented the Tenant in the transaction. [mepr-show rules=”58038″]Asking lease rate:$16.00 – $16.75 YR/ Full Service; Tenant Phone: 520.445.8022[/mepr-show]

OFFICE – 1609 N. WILMOT, TUCSON
RISE Services, Inc.  leased 2,963-square-feet at 1609 N. Wilmot, Suite 106C.   Andrew Sternberg with NAI Horizon represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $17.00 SF/YR Full Service; Tenant Phone: 520.298.6468[/mepr-show]

OFFICE – 2900-2990 N SWAN ROAD, TUCSON
BTME, Inc leased 2,892-square-feet of office space at 2900-2990 N. Swan Road in Plaza Palomino. David Montijo and Damian Wilkinson of CBRE represented the tenant. Andrew Sternberg of NAI Horizon represented the landlord, WCCP Plaza Palomino, LLC, in the transaction.

RETAIL – 140 W. DUVAL MINE RD., STE. 106, SAHUARITA
Guaranteed Rate leased 1,846-square-feet of retail space located at 140 W Duval Mine Road, Suite 106, Sahuarita, Arizona, from CJR at Bullhead LLC, LLC.  Gary Heinfeld CPA, CCIM and Ryan Heinfeld CCIM of Advisors in Real Estate, Inc. represented the Landlord.

RETAIL – 140 W. DUVAL MINE RD., STE. 108, SAHUARITA
A new restaurant (to be named later), leased 1,846 square-feet of retail space located at 140 W Duval Mine Road, Suite 108, Sahuarita, Arizona, from CJR at Bullhead LLC, LLC.  Gary Heinfeld CPA, CCIM and Ryan Heinfeld CCIM of Advisors in Real Estate, Inc. represented the Landlord and Kevin Volk with Volk Company represented the Tenant.

RETAIL – 8567 N. SILVERBELL RD., MARANA
Daimyo Brazilian Jiu Jitsu, leased approximately 1,708-square-feet of retail space located at 8567 N Silverbell, Suite 225, Marana, Arizona, from 8567 North Silverbell LLC.   Gary Heinfeld CPA, CCIM and Ryan Heinfeld CCIM of Advisors in Real Estate, Inc. represented the Landlord. [mepr-show rules=”58038″]Tenant Phone: 520.225.7855[/mepr-show]

RETAIL – 3400 E. SPEEDWAY BLVD., TUCSON
Real Estate Direct, Inc. leased 1,444-square-feet at 3400 East Speedway Boulevard, Suite 108. The space is located within Rancho Center, which is anchored by Whole Foods, Bookmans, Mattress Firm, and Performance Bikes. The tenant does business as REDI Rentals and REDI Maintenance and intends to use the space for a residential real estate rental office. Debbie Heslop, CCIM, of Volk Company represented the landlord, Rancho Center, LLC.

OFFICE – 3338 E. FORT LOWELL RD., TUCSON
Mirasol, Inc. leased 1,440-square-feet at 3338 E. Fort Lowell Road, Tucson, AZ. Ryan Johnson and Graham Swanson from Son Property Management, LLC represented the landlord, 3326 Fort Lowell Investors, LLC and the tenant was self-represented in this transaction. [mepr-show rules=”58038″]For any questions, Ryan Johnson can be reached at 520-428-6003 and Graham Swanson can be reached at 520-428-6002. Tenant Phone: 520.546.3200[/mepr-show]

OFFICE – 235 W GIANCONDA WAY, TUCSON
The Klingler Group leased 1,235-square-feet of office space at 235 W. Giaconda Way. Bruce Suppes of CBRE represented the tenant. Tom Nieman of Cushman Wakefield | PICOR represented the landlord, Giaconda 205 Partners, in the transaction.

OFFICE – 2761 N. COUNTRY CLUB RD., TUCSON
TerraSystems Southwest, Inc. leased 1,025-square-feet at 2761 N. Country Club, Suite 202.  Andrew Sternberg with NAI Horizon represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $16.50 SF/YR Full Service; Tenant Phone: 520.322.0334[/mepr-show]

OFFICE – 800 N. SWAN RD., TUCSON
League of Women’s Voters of Greater Tucson leased 601-square-feet at 800 N. Swan Road, Andrew Sternberg fwith NAI Horizon represented the landlord and Alan Moore with Chapman Lindsey Commercial Real Estate Services represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $16.00 – $18.50 SF/YR Modified Gross; Tenant Phone: 520.327.7652[/mepr-show]

RETAIL – 10132 N. ORACLE RD., ORO VALLEY
John Lebbs, CPA , renewed its Lease at 10132 N Oracle Road, Suite 120, Oro Valley, Arizona, from CJR Investments LLC.  Gary Heinfeld CPA, CCIM and Ryan Heinfeld CCIM of Advisors in Real Estate, Inc. represented the Landlord.[mepr-show rules=”58038″] Asking lease rate: $17.00 SF/YR NNN; Tenant Phone: 520.399.8288[/mepr-show]

RETAIL – 8245 N. SILVERBELL RD., MARANA
Feisty Studios, renewed its Lease at 8245 N Silverbell, Marana, Arizona, from CJR at Continental Ranch, LLC.  Gary Heinfeld CPA, CCIM and Ryan Heinfeld CCIM of Advisors in Real Estate, Inc. represented the Landlord. [mepr-show rules=”58038″]Tenant Phone: 520.308.5230[/mepr-show]

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