The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from November 28 December 2, 2016.

RETAIL- 6484 N ORACLE RD, TUCSON
Hobby Lobby will be leasing approximately 55,000-square-feet at Plaza Del Oro Shopping Center, 6484 N Oracle Road in Tucson from Plaza del Oro, LLC. The center is undergoing major renovations with CVS moving next door into the former Ace Hardware space. Ace has relocated into 7,776-square-feet at Plaza Escondida at Oracle and Magee. Pete Villaescusa and Jesse Peron with CBRE handled the transaction for Ace Hardware. Dave Leathers with D.E. Johnson & Associates, Inc and Nancy McClure with CBRE represented Hobby Lobby and Jim Horvath of Town West Realty represented the landlord. Hobby Lobby told us it plans on opening this second Tucson location in late 2017 or 2018. [mepr-show rules=”58038″]Asking lease rate $22-$24 /SF, NNN $4.75/ triple net charges.[/mepr-show]

INDUSTRIAL – 6985 N. CAMINO MARTIN, TUCSON
Artisan Roofing Systems leased 6,000-square-feet at 6985 N. Camino Martin in Tucson, from Walker Industrial II Properties, LLC.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.70 SF/MO Modified Gross; Tenant Phone: 520.880.3464[/mepr-show]

OFFICE – 5151 E. BROADWAY BLVD., TUCSON
AXA Equitable Life Insurance Company renewed their lease for 5,078-square-feet of office space at 5151 E. Broadway Blvd., Suite 1200 in Tucson, with KCI-Broadway, LLC, Scott Seldin-Broadway, LLC, Belmont-Broadway, LLC and Tucson 5151 Investments, LLC.  Tom Nieman and Rick Kleiner, MBA, Office Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $18.00 – $21.00 SF/YR Full Service; Tenant Phone: 520.325.3537[/mepr-show]

RETAIL – 1121 W. GRANT RD., TUCSON
San Plumbing Supply renewed their lease for 4,800-square-feet in Grant Interstate Commons, 1121 W. Grant Rd., Suites 401-404 in Tucson, from Sloat Family Partnership, LLP.  Steve Cohen and Russ Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.623.4369[/mepr-show]

OFFICE – 2015 W. RIVER RD., TUCSON
American Cancer Society, Inc. leased 3,930-square-feet of office space at 2015 W. River Rd., Suite 245 in Tucson, from Sundt Companies, Inc.  Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant and Rob Gillette with Gillette Commercial, Inc., represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.321.7989[/mepr-show]

RETAIL – 3821 W. COSTCO DR., TUCSON
Bay Shore Oil Company, Inc., leased 3,224-square-feet to Brett Interiors, Inc. at 3821 West Costco Drive, Suites 119, 120, and 121. The space is located within Costco Plaza, which is anchored by Costco, Home Depot, and Sportsman’s Warehouse. Dave Hammack of Volk Company represented the landlord.

RETAIL – 4507 E. 22^nd ST., TUCSON
JJ Elite Customs leased 2,800-square-feet at 4507 E. 22^nd St. in Tucson from RRN, Inc.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 52 W. CONGRESS ST., TUCSON
K&M, LLC, dba PokeZone Sushi Restaurant, leased approximately 2,601-square-feet of space at 52 West Congress Street. Michael Laatsch of CBRE represented the landlord, BC Limited, LLC. Jeramy Price of Volk Company represented the tenant. [mepr-show rules=”58038″]Tenant Phone: $21.00 – $24.00 SF/YR NNN[/mepr-show]

OFFICE – 2806 N ALVERNON WAY, TUCSON
Tricar Sales, Inc. has leased 1,576-square-feet  at 2806 N. Alvernon Way, Suite 400, from Ventana-Encantada Ltd. Partnership.  Andrew D. Sternberg of Oxford Realty Advisors represented the Tenant and Diana Dessy of Anthem Equity Group represented the Landlord in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.281.5777[/mepr-show]

RETAIL – NE CORNER of FIRST AVE and WETMORE RD., TUCSON
Baja Fish has leased a 1,547-square-foot space at Tucson Place Shopping Center, located on the NE corner of First Ave. and Wetmore Rd. The Premises will be used as a Mexican seafood restaurant for dine in and carry out. They are scheduled to open for business June 2017.  Andy Seleznov, CCIM, and Melissa Lal, CCIM, represented the Landlord, Larsen Baker. Tenant Phone: 520.344.8333

OFFICE – 1701 W. ST. MARY’S RD., TUCSON
The Pascua Yaqui Tribe leased 1,425-square-feet of medical office space at 1701 W. St. Mary’s Rd., Suite 120 in Tucson, from HR Acquisition I Corporation.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Dave Blanchette and Ian Stuart with CBRE, Inc., represented the tenant. [mepr-show rules=”58038″]Asking Lease rate: $19.00 SF/YR Full Service; Tenant Phone: 520.520.5000[/mepr-show]

RETAIL – 2729 N. CAMPBELL AVE., TUCSON
Super Foot Spa & Beauty Salon leased 1,335-square-feet at 2729 N. Campbell Ave., near the intersection of Campbell Ave. and Glenn St. in Tucson, from Zeta Partnership.  Jeff Zellet, Commercial Specialist, with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $14.00 SF/YR NNN[/mepr-show]

RETAIL – SW CORNER of SPEEDWAY BLVD and CRAYCROFT RD., TUCSON
Tucson Youth Football & Spirit Federation, Inc. has leased 709-square-feet of space at Marana Marketplace, located just south of the SW corner of Speedway Blvd. and Craycroft Rd. The Premises will be used for general office purposes and for related products and services. They are scheduled to open for business December 2016.  Andy Seleznov, CCIM, and Melissa Lal, CCIM, represented the Landlord, Larsen Baker, while Greg Boccardo, CCIM, of Boccardo Realty, represented the Tenant. [mepr-show rules=”58038″]Tenant Phone: 520.322.9779[/mepr-show]

OFFICE – 6375 E. TANQUE VERDE RD., TUCSON
Allied Services, Inc. renewed their lease for 660-square-feet of office space at 6375 E. Tanque Verde Rd., Suite 120 in Tucson, from CSFB 2005-C3 Tanque Verde, LLC.  Rick Kleiner, MBA, and Isaac Figueroa, Office Specialists with Cushman & Wakefield | PICOR, handled this transaction.

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Tucson, Ariz. – CBRE has completed the sale of a property located at 5601 E. Broadway Boulevard. The site, formerly home to the Christian Faith Fellowship church, has been slated for retail redevelopment. The property commanded a sale price of $2.2 million.

Nancy McClure and John Ash with CBRE’s Tucson office negotiated the transaction on behalf the buyer, a local developer under the entity Broadway Festival, LLC (Bill Viner and Steven Shenitzer, managers) and Christian Faith Fellowship.

In December, Mr. Ash represented Christian Faith Fellowship in the acquisition of a 21,807-square-foot church property that also included two adjacent single-family residences. The property, located at 1900 N. Country Club Drive was purchased for $1.7 million. (see https://realestatedaily-news.com/church-specialty-properties-total-4-9-million-sales/)

“This new location has allowed Christian Faith Fellowship to meet significant growth requirements while occupying a state-of-the-art facility and decreasing their debt obligation,” said CBRE’s Ash. “Additionally, Broadway Festival, LLC finalized a successful rezoning of the property at 5601 E. Broadway which will allow the developer to accommodate the pent-up demand for high-profile retail and restaurant uses.”

“With the success of nearby Park Place Mall-area properties in their redevelopments and re-tenanting, this site is sure to be a winner. The new use will bring the site onto the City’s tax rolls, add to the job base with new employees for incoming operators, and put a fresh-face on Broadway Boulevard,” said McClure. “It’s definitely a win-win for those involved as well as the community!”

5601 E. Broadway, which sits on approximately two acres on the north side of Broadway just east of Craycroft Road, will be redeveloped into a multi-tenant retail project. The property is adjacent to the eastern boundary of 5555 Broadway, a successful retail redevelopment project that is home to Hobby Lobby, Stein Mart, Vitamin Shoppe, and Mattress Firm, among others.

The 5601 site has been planned to accommodate up to three freestanding pads and has already secured its first tenant. El Pollo Loco has signed a long-term ground lease for the western-most pad. Neil Board and Brian Gausden with Western Retail represented the El Pollo Loco Corporation, while CBRE’s Ash, McClure and Michael Laatsch represented Broadway Festival, LLC in the transaction.

The remainder of the site has seen significant tenant activity and the developer hopes to announce users for the balance of the property in the near future once negotiations are completed. Redevelopment of the site is slated to begin in early March.

To learn more McClure, Ash, and Laatsch can be contacted at 520.323.5100. McClure also has the property listed for ground lease and build-to-suit see 5601 E Broadway Blvd Flyer.

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[mepr-show rules=”58038″]Sale date: 2/13/2015. Sale price: $2.18 million, new financing. Property put into escrow  Jan. 2013.  The rezoning took about 8-9 months & that was concluded back in  about Oct/Nov. then came finalizing the loan and securing the ground lease tenant. [/mepr-show]

RETAIL – 50,000 SF HOBBY LOBBY OPENED THIS WEEK
Hobby Lobby an Oklahoma-based company opened its firstTucsonstore this week at 5555 E Broadway Blvd., at the northeast corner of Craycroft and Broadway. The 50,000 sq. ft., a former Mervyn’s opened for business on Wednesday, March 20th, with a grand opening planned at9:00 amMonday. The lease orginated one year ago. David Leathers of D.E. Johnson & Associates in Northbrook, IL represented the tenant and Nancy McClure of CBRE represented the landlord, Benenson Capital Company of New York.

RESTAURANT SPACE – 5605 E RIVER RD, TUCSON
Family owned, Caffe Torino Ristorante Italiano (Daniela Borella, owner/chef), recently named as one of the Top 10 Restaurants in Arizona Highways Magazine for 2012, leased 2,718 sq. ft. at 5605 E River Road, in River Center. Taking the former Ric’s Cafe space at the northeast corner of River and Craycroft Roads, the space was leased from Larsen Baker. This is its second location for Caffe Torino, with the other at 10325 N La Canada in Oro Valley. Caffe Torino’s new location is expected to open in June and will have the same menu and original recipes as its first restaurant. Andy Seleznov and Melissa Lal of Larsen Baker represented the landlord.

CHURCH – 604 N 6TH AVE, TUCSON
A new church in Tucson, University City Church(Andy Tracy, pastor) leased the 34,163 sq. ft. iconic West University landmark property at 604 N Sixth Avenue from First Baptist Church of Tucson / Crosslife Ministries. Paul Hooker and Rob Tomlinson of Picor Commercial Real Estate Services of Tucson handled the transaction.

INDUSTRIAL SPACE – 5785 S BELVEDERE, TUCSON
Flanders Electric (David Paterson, President) an Indiana-based company, expanded into 10,000 sq. ft. and 1.24 acres at 5784 S Belvedere in the Gateway Commercial Center for a contractor’s yard from TCC Trust The tenant is relocating from its smaller space at 3710 S Dodge Blvd. Mike Beck of Voyager Bay Company handled the transaction.

RETAIL SPACE – 6336 N ORACLE RD, TUCSON
Orange Grove Body Workers, a salon and spa that provides manicures, pedicures and massages, (Mei Zhang & Xue Quieng, managers) leased 1,200 sq. ft. at Oracle Plaza, 6336 N Oracle Road, Suite 302, from D&B Associates. The spa expects to open in September. Craig Finfrock of Commercial Retail Advisors of Tucson represented the landlord.

RETAIL SPACE – 6538 E TANQUE VERDE RD, #160, TUCSON
Villa Feliz, LLC (Georgeanna Fimbres, owner) leased 1,120 sq. ft. of retail space at La Plaza Shoppes, 6538 East Tanque Verde Road, Suite 160. This will be a relocation of its existing space at El Mercado Shopping Center at Broadway and Wilmot. David Hammack of Volk Company Commercial Real Estate represented the Tenant. David Carroll of Romano Real Estate Corporation represented the Landlord, La Plaza Investors LLLP.

OFFICE SPACE – 1600 N TUCSON BLVD.,#120 TUCSON
A new business, Rooted Therapeutic Massage & Body Work (Sarah Cafiero, owner) leased 1,120 sq. ft. at 1600 N Tucson Blvd., Suite 120, from Gateway Realty & Development. Tom Nieman of Picor Commercial Real Estate Services of Tucson represented the landlord. Lori Casey of Oxford Realty Advisors represented the tenant.

INDUSTRIAL SPACE – 3820 E 44th STREET, TUCSON
Rocky Mountain Clean, (Gary Hoskins, owner) a privately owned internet business since 2009, leased 1,100 sq. ft at 3820 E 44th Street from Rich Rodgers Investment. RockyMountain Clean manufactures handmade soaps and shampoos. Brandon Rodgers of Picor Commercial Real Estate Services handled the transaction.

INDUSTRIAL SPACE – 2112 N DRAGOON ST, TUCSON
Anderson Ornamental Iron (Larry Anderson, owner) leased 1,000 sq. ft. at 2112 N Dragoon St. from Rich Rodgers Investment. Brandon Rodgers of Picor Commercial Real Estate Services handled the transaction.

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