Tucson Lease Report July 9-13, 2018

Tucson Lease Report July 9-13, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from July 9 thru 13, 2018.

SEASONAL SPACE LEASED FOR 3 HALLOWEEN SUPERSTORES
CBRE arranged the leases for three retail spaces totaling 53,764-square-feet to seasonal “pop-up” tenant Spirit Halloween Superstores. Nancy McClure with CBRE Tucson represented the landlords in all three transactions. Torrey Briegel with Phoenix Commercial Advisors represented the tenant.

Spirit Halloween Superstores has signed leases in the following locations:

  • A 21,535-square-foot space owned by K-GAM Broadway Wilmot LLC, at 6230 E. Broadway Blvd, #100, just east of Park Place Mall at the southwest corner of Broadway Boulevard and Wilmot Road.
  • An 18,382-square-foot space at Saguaro Shopping Center, 5975 E. Broadway Blvd. The landlord is KGAM Saguaro Properties, LLC.
  • A 13,845-square-foot space at 4625 N. Oracle Road, across the street from the Tucson Mall, owned by Daniel Beringhause Trust.

“As more large retail space comes available, we’re continuing to see landlords take advantage of leasing to seasonal pop-up tenants that will draw shoppers and that translates to a benefit to the other tenants in shopping centers, so it’s a win-win,” said CBRE’s McClure.

OFFICE – 6450 N SWAN DR., TUCSON
Elite Medical Experts leased a 3,792 square feet of office space from Swan/Skyline Plaza, LLC located at 6450 N. Swan Drive, at Top of Swan Offices. Jeff Casper of CBRE Tucson represented the landlord and Eric Danielson of DL Real Estate Services and Tom Hunt of Tango Commercial represented the tenant.

RETAIL – 3120 E FORT LOWELL RD., TUCSON
Doug and Mari Harding DBA (M.A.I.D) have leased approximately 1,160-square-feet in Winter Haven Square at 3120 E Ft Lowell. Juan C. Pantoja with Grimm Commercial represented the Tenant in this transaction. Greg Furrier with Cushman & Wakefield | Picor represented the Landlord.

RETAIL – 6979 E BROADWAY BLVD., STE 131, TUCSON
My Spoiled Pooch, Inc. leased 1,100-sqaure-feet at 6979 E. Broadway Blvd., Suite 131, from Maqsood and Sabina Enterprises, LLC, the landlord.  J.J. Brown & Associates, Inc. represented the Tenant and Robert J. Nolan of Oxford Realty Advisors represented the landlord in the transaction.

RETAIL – 2742 N CAMPBELL AVE., TUCSON
Martha R. Dabdoub DBA American Family Insurance has leased approximately 868-square-feet at Gee Plaza – 2742 N. Campbell Ave Tucson, AZ 85719. Juan Pantoja with Grimm Commercial, LLC represented tenant and Jesse Peron with CBRE represented landlord in this transaction.

Submit sales and leases to REDailyNews@outlook.com




Academy of Math and Science Expanding Campuses at Both Tucson Locations

1611-1625 W Prince Rd., Tucson, AZ

TUCSON, Arizona – Academy of Math and Science (AMS) recently purchased two locations for campus expansion. The property at 1611 – 1625 West Prince Road in Tucson was sold for $503,760 ($97 PSF) by Barnett Brenner and 425 West Valencia sold for $690,000 ($145 PSF) by BM Valencia.

Both were purchased for expansion of adjoining Academy of Math and Science charter school campuses.

The property on West Prince had been a BAP auto parts store for many years, with 17-foot clear height and a 2,600-square-foot mezzanine area in front. The 5,200-square-foot building was built in 1986 and includes a full security fenced yard.

The current AMS Prince campus is an award winning 2016 charter school, located across the street at 1557 W Prince Road.

425 W Valencia Rd., Tucson, AZ

The second property located on Valencia east of 12th Avenue was owner occupied for many years as Valencia Laundry and seller had decided to retire. Built in 1963, the 4,754-square-foot building sits on a 1.2-acre lot and backs up to the current school campus at 434 West Lerdo.

AMS has these two locations in Tucson and two in Phoenix, with 2,500 students in grades Kindergarten through 12th enrolled. AMS vision was to create a school which offers a superior education in mathematics and science while still incorporating foreign language, music, and art.

Rick Kleiner and Isaac Figueroa with Cushman & Wakefield | Picor represented the school in these transactions and Steve Grimm with Grimm Commercial in Tucson represented the seller on the Valencia property.

For more information, Grimm should be reached at 520.795.5200, Kleiner can be contacted at 520.546.2745 and Figueroa should be called at 520.546.2743.

To learn more, see RED Comp #4803 and #4813.




Tucson Group Buys Former Valero Pad at Grant & Tanque Verde for Redevelopment

Aerial Site (Courtesy photo)

TUCSON, Arizona – Investment group, Keystone 6630 Grant Road, LLC of Tucson (Steve Grimm, manager) bought the C-2 Zoned Retail Pad, a former a Valero Gas Station, at 6630 East Grant Road in Tucson for $580,000 ($32.22 PSF).

Built in 2001, the former gas station, with 2,140 –square-foot convenience store and kiosk with 3 dispensers for 6 fueling stations sits on an 18,000-square-foot pad is located in the Target Shopping Center at Grant and Tanque Verde.

The property shares the lot with Albertson’s, Target, McDonald’ s, Boston Market, and Taco Bell near Jiffy Lube, Goodyear Auto Service Center, Discount Tire Store & Enterprise Rent-A-Car.

Property sold to lease or for resale to be redeveloped for a new retail use based on tenant requirements.

Alexander Pavone of Commercial Plus in Scottsdale represented the seller Grant 6630 LLC of Scottsdale (Russell Scaramella, manager) and Steve Grimm with Grimm Commercial was self-represented in the transaction.

For more and redevelopment information, Grimm should be reached at 520.795.5200.

To learn more, see RED Comp #4568.