El Corredor Oro Valley Retail Pad Sold for $2.4 Million
ORO VALLEY, Arizona – Loredo, Texas-based, Avery Commercial Small C, LLC an affiliate of Laredo Horizons Development Corp. (Brian Moreno, COO) purchased a 7,725-square-foot multi-tenant retail building at 9630 N. Oracle Road in Oro Valley for $2.4 million ($311 PSF).
The property is a newly constructed multi-tenant retail building in El Corredor Commercial Center. Growler USA – America’s Microbrew Pub and Oro Valley Posh Nail Spa were tenants in the building at time of sale and the buyer plans to occupy the remainder for a Clear Vision Express store.
The building is adjacent to a Kneader’s with additional retail, restaurants and office space planned.
The seller, Boulder Oro Valley, LLC (Ross Rulney and Malcolm Berman, managers) are developing the seven acre El Corredor mixed-use project located at the northwest corner of Oracle Road and Linda Vista in Oro Valley.
Debbie Heslop, CCIM, of Volk Company represented the seller and Rob Tomlinson of Cushman & Wakefield | Picor represented the buyer.
For more information, Heslop can be contacted at 520.326.3200 and Tomlinson should be reached at 520.748.7100.
To learn more, see RED Comp #6442.
O’Reilly Auto Coming to New Retail Project at Ajo and Kinney in Tucson
TUCSON, ARIZONA — O’Reilly Auto Enterprises, LLC purchased a 42,154-square-foot lot near the southeast corner of Ajo Way and Kinney Road. The seller was SEC Ajo & Kinney LLC, an affiliate of Glenwood Development of Mesa.
The land sold for $750,000 ($17.79 PSF) and will be used to construct a 6,300-square-foot O’Reilly Auto Parts store.
Debbie Heslop, CCIM, of Volk Company represented the buyer in the transaction.
The planned O’Reilly Auto Parts will be adjacent to a multi-tenant building under construction in the new retail project being developed by Glenwood Development Company. Tenants of that planned retail building include Domino’s Pizza, Dairy Queen and Cricket. Kevin Volk of Volk Company is the leasing agent of this property.
For more information, Heslop and Volk can be reached at 520.326.3200.
To learn more, see RED Comp #6466.
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]