TUCSON, Arizona — The following commercial real estate transactions totaling $7.96 million created a lot of conversation at the April meeting of the Southern Arizona CCIM Chapter, in case you missed it,  we’re publishing them here as part of our CCIM Conversation Corner.

Schotzsky’s Restaurant at 3270 E Valencia sold March 16^th for $775,000 ($229 PSF) in an all cash deal. The 3,383-square-foot building on .88 acre was included in the sale price. The buyer also purchased the franchise, furniture and fixtures in a separate transaction to continue operations as a Schlotzsky’s.  John Hamner, CCIM, with Keller Williams represented the seller. Hamner has since moved over to Re/Max Excalibur in Tucson. Teale Bloom with Phoenix Commercial Retail Advisors represented the buyer, DWG Properties LLC (Gene Denison, manager). Bobbi Rayon at Title Security handled the escrow. To learn more, see RED Comp #5649.

Time Market owner, Peter Wilke, bought the 6,639-square-foot former Scordata’s at 4405 W Speedway Blvd in Tucson for $430,000 ($65 PSF). Tari Auletta, CCIM, of Keller Williams represented the seller and Kristy Kelley with Long Realty represented the buyer. Buyer plans to convert the 6,639-square-foot building on almost 2 acres to a Time Market. To learn more, see RED Comp #5655.

Derrick Sinclair, CCIM, with Terramar Properties sold 13 semi-custom SFR lots sold at Yolanda Oasis Estate in Catalina, at Golder Ranch and Twin Lakes Road for $700,000 or $53,846 per lot. Average lot size is 30,000-square-feet. Sinclair handled the transaction for the buyer, AF Sterling, and seller. Title Security handled the escrow. To learn more, see RED Comp #5617.

Gary Andros, CCIM, of Andros Properties sold the office building at 615 W Roller Coaster Road in Tucson for $670,000 ($140 PSF). Doug Marsh and Lori Casey with Oxford Realty Advisors represented the seller, Farmers Insurance Exchange and Andros represented the buyer. The 4,769-square-foot office building was built in 1981 on .81 acres. The financing was handled by the National Bank of Arizona, Justin Martinez. To learn more, see RED Comp #5651.

F&J Ruis Holdings, LLC purchased vacant land at 507 – 547 W. Lester, Tucson, AZ from Starnoff Investments, LLC for $249,000 ($4.89 PSF).  David Blanchette, CCIM, with NAI Horizon represented the owners and Ron Zimmerman with Cushman Wakefield/PICOR represented the buyer in this transaction. To learn more, see RED Comp #5724.

The White Ohana, LLC purchased a 32,391-square-foot building on 4.26-acres at 3951 E. Columbia St. in Tucson for $3.65 million ($113 PSF).  Rob Glaser, CCIM, SIOR, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Ted Liles with Cresa Global, Inc., represented the buyer, Firsterra Corporation of Costa Mesa, CA. To learn more, see RED Comp #5669.

Hawkins Investment Solutions, LLC purchased a 20,000-square-foot industrial building at 3260 E. 36^th St. in Tucson, from Glazer’s Real Estate, LLC for $900,000 ($45 PSF).  Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer; Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller. To learn more, see RED Comp #5695.

The Connie Rae Simonds Trust purchased a 5,272-square-foot multitenant office building located at 3808-3818 E. 5^th St. in Tucson, from Wildcat Equities II, LLC for $582,503 ($110 PSF) as investment.  Built in 1966, the masonry building sits on a .40-acre lot. Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the seller; Jim Briggs with Cornerstone Realty & Investments, LLC, represented the buyer. To learn more, see RED Comp #5699.

For more information on SOAZ CCIM Chapter and its upcoming monthly luncheon on May 8^th click here.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Dec. 4 thru Dec. 8, 2017.

LAND – 3825 and 3841 N. HIGHWAY DR., TUCSON
Pro Box Portable Storage, LLC leased 1.72 acres of land at 3825 and 3841 N. Highway Dr. in Tucson from JH Associates, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Robert DeLaney with CBRE, Inc. represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 844.233.5255[/mepr-show]

INDUSTRIAL – 9538 E. OLD VAIL RD., TUCSON
TuSimple leased 50,400-squae-feet of industrial space at 9538 E. Old Vail Road from JAH Tucson LLC.  Gary Emerson of GRE Partners LLC represented the landlord and Pat Welchert of Alpha Commercial Real Estate Services represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.445.7774[/mepr-show]

INDUSTRIAL – 3525 E. 34^th STREET, TUCSON
Allied Building Products Corporation renewed their lease for 24,596-square-feet at 3525 E. 34th Street in Tucson from BD 34th Properties, Inc.  Rob Glaser, SIOR CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Mark Urbanowicz with Mohr Partners, Inc., represented the tenant.

INDUSTRIAL – 3865 E. 34^th ST., TUCSON
Bison Engineering, Inc. leased 6,358-square-feet in Alvernon Business Center, 3865 E. 34th St., Suite 102B, 103, and 105 in Tucson, from AP & D Investments, LLP.  Rob Glaser, SIOR, CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Tim Healy with CBRE, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.749.2167[/mepr-show]

INDUSTRIAL – 720 E. 46^th ST., TUCSON
Veterans Housing Agency, Inc. leased 4,070-square-feet at 720 E. 46th St. in Tucson, from El Gato Investment Two, LLC.  The team of Russell W. Hall, SIOR, GSCS, Stephen D. Cohen, and Kelly Fickle, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and Phillip Fileccia with Realty Executives Tucson Elite, represented the tenant.

INDUSTRIAL – 3949 E. 29^th ST., TUCSON
Karlus Owagoke leased 2,954-square-feet in Midpoint Business Plaza, 3949 E. 29th St., Suites 701-705 in Tucson, from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 100 N. STONE AVE., TUCSON
Nuanced Media, LLC leased 2,604-square-feet of office space at 100 N. Stone Ave., Suite 305 in Tucson, from Holualoa Pioneer, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant and Bruce Suppes with CBRE, Inc., represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $16.50 SF/YR Full Service Gross; Tenant Phone: 520.441.3131[/mepr-show]

INDUSTRIAL – 2420 W. RUTHRAUFF, TUCSON
Desert Luna Realty, LLC leased 2,160-square-feet in Ruthrauff Commerce Center, 2420 W. Ruthrauff, Suite 100 in Tucson, from Presson Scottsdale, LLC.  Rob Glaser, SIOR, CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 3720 S. PARK AVE., TUCSON
Frederic Miracle dba Miracle Honeybee Corporation leased 1,700-square-feet in Gateway Business Park, 3720 S. Park Ave., Suite 605 in Tucson, from William Lee, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $4.80 SF/YR NNN; Tenant Phone: 520.883.4026[/mepr-show]

INDUSTRIAL – 3534 – 3538 N. ROMERO RD., TUCSON
B2B Delivery, LLC renewed their lease for 1,500-square-feet at 3534–3538 N. Romero Rd., Suite 190 in Tucson, from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $8.64 SF/YR Modified Gross; Tenant Phone: 520.638.5278[/mepr-show]

OFFICE – 3131 N. COUNTRY CLUB RD., TUCSON
Wise Guys in Ties, LLC leased 1,243-square-feet of office space at 3131 N. Country Club, Suite 209 in Tucson, from Spirits, LP.  Isaac Figueroa, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $13.00 SF/YR Modified Gross; Tenant Phone: 520.903.9473[/mepr-show]

INDUSTRIAL – 1664 S. ESEARCH LOOP, TUCSON
Trimillennium Corporation leased 1,240-square-feet in Clairemont Plaza, 1664 S. Research Loop, Suite 228 in Tucson, from Clairemont Partners, LLC.  Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 245 S. PLUMER AVE., TUCSON
Sylvr Threads Designs and Sweet Nola Baby Boutique leased 1,200-square-feet in Commerce Plaza, 245 S. Plumer Ave., Suite 28 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 245 S. PLUMER AVE., TUCSON
Arizona Technical Services, LLC leased 1,200-square-feet in Commerce Plaza, 245 S. Plumer Ave., Suite 25 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and Gary Andros with Andros Properties, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $7.80 SF/YR Modified Gross; Tenant Phone: 520.206.9099[/mepr-show]

INDUSTRIAL – 3933 E. 29^th ST., TUCSON
J & C Carpet Specialists, LLC leased 1,200-square-feet in Midpoint Business Plaza, 3933 E. 29th St., Suite 506 in Tucson, from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $7.80 SF/YR Modified Gross; Tenant Phone: 520.748.2727[/mepr-show]

RETAIL – 345 E. CONGRESS ST., TUCSON
Insomnia Cookies leased 1,004-square-feet in Plaza Centro Shopping Center, 345 E. Congress St. in Tucson, from Crow / Plaza Centro, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord, and Michael Laatsch with CBRE, Inc. represented tenant.

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The following commercial leases were reported to the Real Estate Daily News for the Tucson and Phoenix Commercial Lease Report from April 24 thru 28, 2017.

INDUSTRIAL – 6630 S. MEMORIAL PLACE, TUCSON
Wal-Mart Stores East, LP leased 45,000-square-feet of industrial space at 6630 S. Memorial Place in Century Park. Carol Taubman of Westgate Properties represented the tenant. John Slattery, Bill DiVito and Jesse Blum of CBRE represented the landlord, Levin Family LP, in the transaction.

INDUSTRIAL – 1661 S. RESEARCH LOOP, TUCSON
Optical Support, Inc. leased 18,975-square-feet of industrial space from Tin Cup Properties, LLC.  Optical Support is an engineering services company specializing in design and manufacturing of precision optical instruments and equipment.  It is located in Tucson at 1661 S. Research Loop, Suites 104, 105, 106; and 1671 S. Research Loop, Suite 139.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.[mepr-show rules=”58038″] Asking lease rate: $0.60 SF/MO Modified Gross; Tenant Phone: 520.546.0642[/mepr-show]

INDUSTRIAL – 5213 W LAMAR RD., GLENDALE, AZ
Done Right Diesel, LLC leased 12,365-square-feet of industrial space on 1.70 acres from Tin Cup Properties, LLC.  The property is located in Glendale, Arizona, at 5213 W. Lamar Road, Suites 104-106.  Ron Zimmerman, Cushman & Wakefield | PICOR Commercial Specialist, represented the landlord in this transaction.

INDUSTRIAL – 1101 E. 18^th ST., TUCSON
Crop Production Services, Inc. leased an 11,300-square-feet warehouse/office building at 1101 E. 18^th Street from Foothills Business Ventures, LLC.  Gary Emerson of GRE Partners, LLC represented the Landlord and Roger Breckenridge of Long Realty represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.293.4330[/mepr-show]

INDUSTRIAL – 2200 E. BENSON HWY., TUCSON
American Technologies, Inc leased 5,700-square-feet of industrial space at 2200 E. Benson Highway. ATI is the nation’s largest family owned full-service restoration, environmental and reconstruction contractor. Tim Healy, Bob DeLaney, and William Bayless of CBRE represented the tenant. David Gallagher of Tucson Industrial Realty represented the landlord, Poets Corner, LLC, in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.807.9400[/mepr-show]

INDUSTRIAL – 3951 E. MICHIGAN ST., TUCSON
R.S. Hughes Company, Inc. leased 4,536-square-feet of industrial space at 3951 E. Michigan Street in the Copper Pointe Business Park. Paula Osborn of Jackson & Cooksey, Inc represented the tenant. Tim Healy and Bob DeLaney of CBRE represented the landlord, Copper Pointe Business Park, LLC, in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.889.8686[/mepr-show]

INDUSTRIAL – 2901 E. ELVIRA RD., TUCSON
Solarcity Corporation leased 4,000-square-feet of industrial space at 2901 East Elvira Road in the Tucson Airport Center. John Grady, Jacquelain Orcutt and Carlena Grabher of CBRE Phoenix represented the tenant. Bill DiVito and Jesse Blum of CBRE Tucson represented the landlord, H and A Realty, LLC, in the transaction. [mepr-show rules=”58038″]Asking lease rate: $0.50 SF/MO NNN; Tenant Phone: 520.730.0740[/mepr-show]

RETAIL – 7950 E. BROADWAY BLVD., TUCSON
Jeffery Saunders, dba AZ Beds leased 3,196-square-feet at 7950 East Broadway Boulevard, Tucson. Other tenants in the center include Wingstop, Papa Loco’s, and Sports Buzz. This will be the third location for Arizona Mattress in Tucson. Brenna Lacey and Jeramy Price of Volk Company handled the transaction.

INDUSTRIAL – 1010 E. PALMDALE ST., TUCSON
Proactive Physical Therapy leased 3,040-square-feet of clinic space at 1010 E. Palmdale Street in Tucson. Jeff Casper of CBRE represented the tenant. Gary Emerson of GRE Partners represented the landlord, Foothills Business Ventures, LLC, in the transaction.

RETAIL – 5151 S. COUNTRY CLUB RD., TUCSON
Robert E. Scott and Sally E Scott, dba BBQ Rush, leased 3,000-square-feet at Tucson Lazy Days KOA, located at 5151 South Country Club Road. The Scotts, longtime food truck operators, will be offering their Texas-style barbecue to both visiting campers and to the general public. The landlord was Kampgrounds of America, Inc.  Kevin Volk of Volk Company represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.841.4527[/mepr-show]

OFFICE – 1 SOUTH CHURCH AVE., TUCSON
Doug Newborn Law Firm, PLLC leased 1,762-square-feet of office space at 1 South Church Avenue. Jeff Casper of CBRE represented the landlord, 1 SC Partners, LLC, in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.448.5080[/mepr-show]

RETAIL – 2480 N. SILVERBELL RD., TUCSON
Dave’s Uniforms, Tucson LLC leased 1,427-square-feet at 2480 North Silverbell Road, Suite 100, Tucson. The space is located within Silverbell Plaza at the northeast corner of Grant and Silverbell. The shopping center is anchored by Safeway and Walgreens. Dave Hammack of Volk Company represented the landlord, Massapequa Associates LLC.

OFFICE – 100 N. STONE AVE., TUCSON
Broadstone, LTD leased 1,357-square-feet of office space at 100 N. Stone Avenue in the Pioneer Building. Bruce Suppes of CBRE represented both the tenant and the landlord, Holualoa Pioneer, LLC, in the transaction. [mepr-show rules=”58038″]Asking lease rate: $18.00 SF/YR Full Service[/mepr-show]

RETAIL – 1801 S. ALVERNON WAY., TUCSON 
Diaz Fit, LLC leased 1,200-square-feet at 1801 S. Alvernon Way, Suite 102 in Tucson, from Presson Midpoint, LLC.  Rob Glaser, SIOR CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.65 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Sterling Enterprises leased 1,200-square-feet in Midway Business Park, 4500 E. Speedway Blvd., Suite 51 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Gary Andros with Andros Properties represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.76 – $0.80 SF/MO Modified Gross[/mepr-show]

RETAIL – NW CORNER of ORANGE GROVE RD. and THORNYDALE RD., TUCSON
Old Pueblo Vapor has leased a 1,200-square-feet space at Northwest Design Center, located just north of the northwest corner of Orange Grove Road and Thornydale Road. The Premises will be used as store specializing in the sale and onsite use of electronic cigarettes and related equipment services. They are scheduled to open for business June 2017. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Greg Boccardo, of Boccardo Realty, represented the Tenant. [mepr-show rules=”58038″]Tenant Phone: 520.881.0169[/mepr-show]

RETAIL – 3819 N. ORACLE RD., TUCSON
Express Interlock, LLC, dba QuickStart Ignition Interlock, leased 1,000-square-feet at 3819 N. Oracle Rd. in Tucson, from Tesoro Enterprises, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  Gary Emerson with GRE Partners, LLC represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 480.967.2817[/mepr-show]

RETAIL – 3819 N ORACLE RD., TUCSON
Quickstart Ignition Interlock leased 1,000-square-feet at 3819 N. Oracle Road in Oracle Tower business center from Tesoro Enterprises, LLC. Gary Emerson of GRE Partners, LLC represented the Landlord and Ron Zimmerman of Picor/Cushman Wakefield represented the tenant. [mepr-show rules=”58038″]Tenant Phone:480.967.2817[/mepr-show]

RETAIL – 1517 W. ST. MARY’S RD., TUCSON
Bhruvikar, LLC leased 975-square-feet at 1517 West St. Mary’s Road, Tucson. Bhruvikar, plans to open Shapes Eyebrow Threading.  St. Mary’s Plaza is located at the southeast corner of Saint Mary’s Road and Silverbell Road. Dave Hammack and Rick Borane of Volk Company represented Tucson St. Mary’s Plaza, LLC.

RETAIL – 1511 W. ST. MARY’S RD., TUCSON
My Peak Wireless, LLC leased 975-square-feet at 1511 West St. Mary’s Road, Tucson.
St. Mary’s Plaza is located at the southeast corner of Saint Mary’s Road and Silverbell Road and is anchored by Safeway and Dollar Tree. Dave Hammack and Rick Borane of Volk Company represented Tucson St. Mary’s Plaza, LLC.

INDUSTRIAL – 3830 E. 44^th ST., TUCSON
Sean Montgomery and Manny Lavandera leased 750-square-feet at 3830 E. 44^th St., Suite 560 in Tucson, from RR44, Inc.   Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 7213 E. GOLF LINKS RD., TUCSON
Mohammad Qasim leased 556-square-feet at 7213 East Golf Links Road, Tucson. The space is located within Desert Square Shopping Center at the northeast corner of Golf Links and Kolb. The shopping center is anchored by 99¢ Only, AutoZone, and Walgreens. Jeramy Price and Dave Hammack of Volk Company represented the landlord, 26 Palms Delaware LLC and Sierra Industrial Park Delaware LLC.

RETAIL – SE CORNER of ORANGE GROVE RD. and THORNYDALE RD., TUCSON
Spiritschild has renewed their lease at Marana Marketplace, located on the SE corner of Orange Grove Rd. and Thornydale Rd. Andy Seleznov and Melissa Lal represented the Landlord. Larsen Baker handled the transaction.

RETAIL – SW CORNER of BROADWAY BLVD. and CRAYCROFT RD., TUCSON
AZ Cyclist has renewed their lease at The Plaza at Williams Centre, located on the SW corner of Broadway Blvd. and Craycroft Rd. Andy Seleznov and Melissa Lal represented the Landlord.

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