TUCSON, Arizona – Feast Properties, LLC of Murrieta, California, the construction arm for Denny’s Restaurants, purchased a pad at Houghton Town Center for $575,000 ($20 PSF). Ready for construction, Vail should have its first Denny’s sometime next year right along with the McDonalds that has started construction at Houghton Town Center.

The Vail community is a census-designated place (CDP), twenty-four miles southeast of Tucson.

Denny’s is a table service American diner-style restaurant chain where guests have come for over 60 years to sit back, relax and enjoy delicious, hearty meals, every day of the year including holidays. From breakfast anytime to lunches and dinners, Denny’s is always open.

Denny’s is one of America’s largest full-service family restaurant chains, currently operating over 1,700 franchised, licensed and company-owned restaurants across the United States, Canada, Puerto Rico, New Zealand, Mexico, Costa Rica, Dominican Republic, Honduras, Guam, the United Arab Emirates, Chile, Curaçao, El Salvador, and Trinidad and Tobago, and the Philippines.

Brenna Lacey and Jeremy Price with Volk Company represented the seller / developer, Houghton Developers LLC, an affiliate of Diamond Ventures (Bill Kelley, CFO). Shannon Murphy with DVI Realty assisted in the transaction, while buyer was represented by Northwest Commercial Advisors.

“Other restaurants, such as Popeye’s, Panda Express, Jersey Mikes and Dunkin Donuts have been doing very well at this location,” said Lacey. “And the 4,041-square-foot new Denny’s should be a welcomed addition to the community.”

Currently, Vail residents drive about 14-miles to the nearest Denny’s at 4040 East 22^nd Street in Tucson.

For more information, Lacey can be reached at 520.495.2233, Price is at 520.441.4771 and Murphy can be contacted at 520.577.0200.

For further information on Denny’s, visit the Denny’s website at www.dennys.com

To learn more, see RED Comp #6260.

TUCSON, Arizona – El Pollo Loco at 3781 W Ina Road sold for $2.56 million ($771 PSF) in an investment sale. The former Burger King restaurant site was sold and converted by WKS Restaurant Group (Roland Spongberg, CEO) in 2015 to El Pollo Loco.

Headquartered in Lakewood, California, WKS Restaurant Group is a licensed franchisee of four restaurant brands, El Pollo Loco, Denny’s, Krispy Kreme Doughnuts, and Corner Bakery Café.

The 3,320-square-foot building was built in 1986 on a 38,000-square-foot prime corner pad in the North Pima Center, west of Ina and Thornydale, in Marana, Arizona. El Polla Loco will continue to occupy the property as part of the sale leaseback agreement.

At El Pollo Loco, pronounced “L Po-yo Lo-co” and Spanish for “The Crazy Chicken,” they say they go to crazy lengths for the signature citrus-marinated, fire-grilled chicken. The whole chicken is fire-grilled, hand-cut, and served with our chicken meals, bowls, burritos, salads, soups, tacos and quesadillas. We apply the same passion to our handmade guacamole, salsas and dressings every day. To sum it up, They say “It’s Crazy You Can Taste”.

Vahn Saroians with Coldwell Banker in Los Angeles represented the buyer, a private investor from San Diego, California.

For more information, Spongberg can be reached at 562.425.1402 and Saroians is at 323.665.5841.

To learn more, see RED Comp #4360.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from May 23 thru 27, 2016.

INDUSTRIAL – 2155 N FORBES BLVD, STE 104, TUCSON
Trane U.S., Inc. renewed their lease for 16,795-square-feet in Broadbent Industrial Center, 2155 N. Forbes Blvd., Suite 104 in Tucson from Forbes Tucson, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Alan Moore with Chapman Lindsey Commercial Real Estate Services, represented the tenant in this transaction.

RETAIL – 18805 S. I-19 FRONTAGE RD., SAHUARITA
Dollar Tree Stores, Inc. leased 9,750-square-feet at 18805 South I-19 Frontage Road, Suites B-107 and B-115, in Sahuarita. The existing space is currently being expanded to accommodate Dollar Tree and is located within Sahuarita Plaza. Other tenants in the plaza include Petco, Jo-Ann Fabrics and Crafts, Ace, Ross, and Big Lots. Kurt Kalocin of SRS Real Estate Partners represented the tenant.  Brenna Lacey of Volk Company represented the landlord, CVP – Sahuarita Plaza, LLC. [mepr-show rules=”58038″]Tenant Phone: 757.321.5000 (Corporate Office)[/mepr-show]

RETAIL – 4640 E. BROADWAY BLVD., TUCSON
4722 East Broadway Corporation leased 5,612 square feet at 4640 East Broadway Boulevard for an Ace Hardware store. Construction is underway and Ace Hardware plans to open by June 1st.  Marty Olejarczyk of De Rito Partners represented the Tenant. Terry Dahlstrom of Volk Company represented the Landlord, The Wright-Oracle, L.L.C.

RETAIL – 4040 E. 22^nd St., TUCSON
Denny’s signed a 20 year lease of 4,900-square-feet at 4040 East 22^nd Street Tucson. The new franchisee plans to re-open a Denny’s restaurant in the space, which was previously leased by a different Denny’s franchisee. The remodeling and construction is almost complete, and the Denny’s is planned to open by June 1st.  Terry Dahlstrom of Volk Company represented the Landlord, Miriam E Wright Revocable Trust. [mepr-show rules=”58038″]Tenant Phone: 864.597.8000 (Corporate Office)[/mepr-show]

RETAIL – 3751 S. 12^th AVE., TUCSON
Nhan Cong Nguyen and Phuong Thi Kim Huynh renewed their lease for 1,350-square-feet at 3751 South 12^th Avenue. The tenant operates a nail salon business called Hot Nails. The shopping center is anchored by dd’s Discounts and Peter Piper Pizza. Terry Dahlstrom of Volk Company represented the landlord, Betz Partners. [mepr-show rules=”58038″]Tenant Phone: 520.623.1407[/mepr-show]

RETAIL – 3959 E SPEEDWAY BLVD., TUCSON
Dan Boomhower, dba Always 39 Personal Fitness Training, renewed his lease for 844 square feet in Central Point Business Plaza, 3959 E. Speedway Blvd., Suite 314 in Tucson from Central Point Tucson, LLC.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 3941 E 29^TH STREET, STE 604, TUCSON
R.C.D. Cleaning Service, Inc. leased 816 square feet in Midpoint Business Plaza, 3941 E. 29^th St., Suite 604 in Tucson, from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 3790 E 44^TH ST., STE 256, TUCSON
Welfare Customs and Classics leased 558 square feet at 3790 E. 44^th St., Suite 256 in Tucson from RR44, Inc. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 4626 E. FT. LOWELL, TUCSON
Pediatric Playhouse leased approximately 500-square-feet of office space located at 4626 E. Ft.Lowell, Suite C, Tucson, Arizona, from Synergy Plaza, LLC.  Doug Richardson of Tucson Realty & Trust Co. represented the Tenant and Kristian Gose of Cushman & Wakefield | PICOR, represented the Landlord in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.615.9607[/mepr-show]