The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from July 30 thru Aug. 3, 2018.

INDUSTRIAL – 9538 E. OLD VAIL RD., TUCSON
uSimple renewed their lease for 50,400 SF at 9538 E. Old Vail Road with JAH Tucson LLC.  Gary Emerson of GRE Partners, LLC represented the Landlord and Pat Welchert of Alpha Commercial Real Estate Service represented the tenant.

OFFICE – 7440 N ORACLE RD., STE #1, ORO VALLEY
Radiance Therapeutics leased 2,500-square-feet at 7440 N Oracle Road, Ste #1 in Oro Valley, AZ. Juan Teran, CCIM, with Realty Executives Tucson Elite represented the landlord and Tom Hunt with Tango Commercial Real Estate represented the tenant. [mepr-show rules=”58038″]Lease started June 1, 2018; 4-year term at $19 PSF[/mepr-show]

INDUSTRIAL – 7620 N. HARTMAN LN., TUCSON
International Textile Traders, Inc. dba Arizona Uniform and Apparel leased 1,600-square-feet at Continental Commerce Park located at 7620 N. Hartman Lane, Tucson, AZ.  David Blanchette with NAI Horizon represented the tenant in this transaction. [mepr-show rules=”58038″]Phone: 520.324.0344[/mepr-show]

OFFICE – HOUGHTON TOWN CENTER, TUCSON
Realty Executives leased 1,397-square-feet of additional space adjoining its 2,400-square-foot existing office at Houghton Town Center. Juan Teran, CCIM, with Realty Executives represented the tenant. [mepr-show rules=”58038″]Phone: 520.977.5905. Commencement date: May 2018. Lease rate: high $20’s PSF for 10-year term.[/mepr-show]

RETAIL – 1295 W. DUVAL MINE RD., SAHUARITA
Sushi Lin has signed a lease for 1,306-square-feet at 1295 W. Duval Mine Road, Sahuarita, AZ in Sahuarita Palms Plaza located at the southeast corner of La Canada and Duval Mine Road.  The owner, Chin Lin and Huirong Zou, own and operate Panda House Chinese Restaurants that they built in Green Valley & Sahuarita. The first location in Sahuarita Plaza has been open for eight years and their second location in Continental Plaza has been open for one and a half years. The new Sushi Lin restaurant is expected to open in November 2018.  Craig Finfrock of Commercial Retail Advisors, LLC represented the Tenant, Sushi Lin, and the Landlord was represented by Rob Tomlinson of Cushman & Wakefield | Picor in this transaction.

OFFICE – 7440 N ORACLE RD., STE #3, ORO VALLEY
Edward Jones leased 1,300-square-feet at 7440 N Oracle Rd., Ste #3, in Oro Valley, AZ. Juan Teran, CCIM, with Realty Executives Tucson Elite represented the landlord. [mepr-show rules=”58038″]Commencement date July 1. Lease rate: $19 PSF and 5-year term.[/mepr-show]

RETAIL – SW CORNER of SPEEDWAY BLVD & CRAYCROFT RD., TUCSON
Studio 98 has leased a 1,210-square-feet of space at Speedway Craycroft Plaza, located on the SW corner of Speedway Blvd and Craycroft Rd. The Premises will be used as a full service men and women’s hair salon and for the sales of related products and services. They are scheduled to open for business August 2018.  Andy Seleznov and Melissa Lal of Larsen Baker represented the Landlord, Larsen Baker.

RETAIL – 1325 W. DUVAL MINE RD., SAHUARITA
Ishaq Ali, DDS dba Altamira Dental has signed a lease for 1,200-square-feet at 1325 W. Duval Mine Rd. Sahuarita, AZ in Sahuarita Palms Plaza located at the southeast corner of La Canada & Duval Mine Rd. Dr. Ali currently owns a dental office in Tucson, and has been practicing dentistry at a clinic in Sahuarita for several years. This will be Dr. Ali’s 2^nd practice. The new clinic in Sahuarita Palms Plaza is expected to open in the 4^th quarter of 2018.  Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord and the tenant Dr. Ali represented himself in this transaction.

RETAIL – 40 E. CONGRESS ST., TUCSON
Serial Grillers, LLC leased approximately 1,184-square-feet at 40 East Congress Street. Serial Grillers offers a wide variety of food, including pizza, sandwiches, burgers, and American fare along with a wide selection craft beer and wine. This will be their fifth Tucson-area location. The landlord is BP City Park Operator, LLC, which was represented by Bourn Advisory Services, LLC.  Jeramy Price of Volk Company represented Serial Grillers, LLC.

OFFICE – 6595 N. ORACLE RD., TUCSON
JSN, LLC leased a 1,160-square-foot office space at Los Altos Plaza, located at 6595 North Oracle Road Suite 135 to Alan D Cross, D.C., P.C.. Ian Stuart and Bruce Suppes with CBRE’s Tucson Office represented the landlord. Janine and Mark Irvin with Mark Irvin Commercial Real Estate represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $15.00 SF/YR Modified Gross[/mepr-show]

OFFICE – 2424 E. BROADWAY BLVD., TUCSON
LUCHA 501C4 leased 1,053-square-feet located at 2424 E. Broadway, Tucson, AZ.  Andrew Sternberg with NAI Horizon Tucson represented the landlord in the transaction. [mepr-show rules=”58038″]Asking lease rate: $12.00 – $13.50 SF/YR Modified gross[/mepr-show]

RETAIL – AJO & KINNEY, TUCSON
Direct Paging and Cellular, Inc. leased 1,000-square-feet at Ajo & Kinney is a new retail building to be constructed just east of the southeast corner of Ajo Highway and Kinney Road. The tenant will open Cricket Wireless in the space and will join Domino’s and Dairy Queen. This brings remaining space at the building down to 2,300 square feet.  Kevin Volk of Volk Company represented the Landlord, Ajo SEC Shops LLC,

RETAIL – CRAYCROFT RD., S of SPEEDWAY BLVD., TUCSON
Paw Prints has leased a 837 SF space at Craycroft Plaza, located on Craycroft Rd. just south of Speedway Blvd. The Premises will be used as a pet training facility and for the sale of related products and services. They are scheduled to open for business September 2018. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker. [mepr-show rules=”58038″]Phone: 520.571.7877[/mepr-show]

RETAIL – 4811 E GRANT RD., TUCSON
United Healthcare has renewed their lease at Crossroads Festival, located on the NE corner of Grant Rd. and Swan Rd. Andy Seleznov and Melissa Lal of Larsen Baker represented the Landlord.

RETAIL – NW CORNER of TANQUE VERDE RD & CATALINA HWY. TUCSON
Essie Nails has renewed their lease at Bear Canyon Shopping Center, located on the NW corner of Tanque Verde Rd. and Catalina Highway. Andy Seleznov and Melissa Lal of Larsen Baker represented the Landlord. [mepr-show rules=”58038″]Phone: 520.344.8513[/mepr-show]

RETAIL – SW CORNER of BROADWAY BLVD & CRAYCROFT RD, TUCSON
Silverberg & Sons has renewed their lease at Tucson Place Shopping Center, located on the SW corner of Broadway Blvd. & Craycroft Rd. Andy Seleznov and Melissa Lal of Larsen baker represented the Landlord. [mepr-show rules=”58038″]Phone: 520.750.1250[/mepr-show]

RETAIL – CRAYCROFT RD., S of SPEEDWAY BLVD., TUCSON
Saguaro Speech Therapy has renewed their lease at Craycroft Plaza, located on Craycroft Rd. just south of Speedway Blvd. Andy Seleznov and Melissa Lal of Larsen Baker represented the Landlord. [mepr-show rules=”58038″]Phone: 520.398.6834[/mepr-show]

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

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The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Nov 6 thru 10, 2017.

INDUSTRIAL – 2850 E. VALENCIA RD., TUCSON
Port Plastics, Inc. leased 12,066 sq. ft. of industrial space at 2850 E. Valencia Road. Crystal Jutte from Mohr Partners and Rob Glaser of Cushman Wakefield | PICOR represented the tenant. Tim Healy and Bob DeLaney of CBRE represented the landlord, MAS Real Estate Services, Inc, in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.624.3770[/mepr-show]

OFFICE – 3275 W. INA RD., TUCSON
SIG Network, Inc., leased 4,887-square-feet at 3275 West Ina Road, Suite 165. The space is located within Ina Corporate Center. The landlord, Caldor Investments of Arizona, L.L.C., was represented by Tom Nieman of PICOR. Kevin Volk of Volk Company represented the tenant.[mepr-show rules=”58038″] Asking lease rate: $18.00 SF/YR Full Service Gross[/mepr-show]

OFFICE – 406 N. CHURCH AVE., TUCSON
Allikat Productions leased 4,253-square-feet of office space at 406 N. Church Avenue in the El Mirador building. Alan Moore of Chapman Lindsey Commercial Real Estate Services represented the tenant. Bruce Suppes and David Volk of CBRE represented the landlord, El Mirador Partners LLC, In the transaction.[mepr-show rules=”58038″] Asking lease rate: $18.00 SF/YR Modified Gross[/mepr-show]

RETAIL – CAMPBELL AVE & 6^th ST., TUCSON
Southern Arizona Urgent Care, LLC leased 3,468-square-feet at Sam Hughes Place, located at the corner of Campbell Ave. and 6th St. in Tucson, from B33 Sam Hughes Place, LLC.  This will be SAUC’s ninth location in Tucson.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 4175 S. FREMONT AVE., TUCSON
Filter Products Corporation expanded their warehouse at 4175 S. Fremont Ave. in Tucson by 3,120-square-feet, leasing from Doubletree Investments, Inc. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.  Tim Healy with CBRE, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $6.60 SF/YR Modified Gross; Tenant Phone: 520.889.5781[/mepr-show]

RETAIL – 4627 E. SPEEDWAY BLVD., TUCSON
Moon Light Hookah Lounge, LLC leased 2,212-square-feet at 4627 East Speedway Boulevard, Tucson. The space is located at Mission Plaza, a Sprouts-anchored shopping center at the northwest corner of Speedway and Swan. Jeramy Price and Kevin Volk of Volk Company represented the Landlord, Brazo, LLC.

RETAIL – 3001 N. SWAN RD., TUCSON
Starbucks Corporation leased 2,200-square-feet at 3001 N. Swan Rd., located at the northwest corner of Swan and Fort Lowell Rds. in Tucson, from ADG Swan, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.  Stephen Grimm with Grimm Commercial represented landlord.

RETAIL – 143 N. STONE AVE., TUCSON
Templo Fitness leased 1,758-square-feet of retail space at 143 N. Stone Avenue. Esther Empens of Tierra Antigua represented the tenant. Ian Stuart of CBRE represented the landlord, the City of Tucson, in the transaction. [mepr-show rules=”58038″]Asking lease rate: $19.00 SF/YR Full Service Gross[/mepr-show]

OFFICE – 899 N. WILMOT RD., TUCSON
Dr. Austin Allen Gentry, D.C. has renewed his lease of 1,557-square-feet at 899 N. Wilmot Road, Suite A-3, from Holland Arizona Investments, LLC.  Lori Casey and Cameron Casey of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Asking lease rate: $17.00 – $20.00 SF/YR Full Service; Tenant Phone: 520.745.0545[/mepr-show]

RETAIL – 5827 N. ORACLE RD., TUCSON
Déjà Vu Too Antiques and Collectibles leased 1,320-square-feet in Placita del Norte Shopping Center, 5827 N. Oracle Rd. in Tucson, from CAS Real Property, LP.  Greg Furrier, Retail Specialist, and Diane Carlson, with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.887.1700[/mepr-show]

RETAIL – 3805 W. RIVER RD., TUCSON
Top Deck Towers Cards & Games LLC, leased 1,200-square-feet at the Shoppes at Orange Grove. The space is located at 3805 West River Road, Suite 127. The tenant plans to sell tabletop games and host tabletop gaming. The center has one remaining 2,400-square- foot space available.  Kevin Volk and Jeramy Price of Volk Company represented the landlord, Orange Grove Center, LLC.

RETAIL – 9110 N. SILVERBELL RD., MARANA
AJ Squared, LLC leased 1,136-square-feet at the Shoppes at Continental Ranch, 9110 North Silverbell Road, Suite 170, in Marana. The landlord, Shoppes at Continental Ranch, LLC, was represented by Craig Finfrock of Commercial Retail Advisors. The tenant will open a Sylvan Learning Center to serve the Marana community. Kevin Volk of Volk Company represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $18.00 SF/YR NNN; Tenant Phone: 520.370.1128[/mepr-show]

RETAIL – 2737-A N. CAMPBELL AVE., TUCSON
Boost Mobile has signed a lease for 1,114-square-feet at 2737-A N. Campbell Avenue, Tucson, AZ in Campbell Avenue Strip Center located south of the southwest corner of Campbell Avenue and Glenn Rd. The franchisee Vendamerica, is one of the largest Boost Mobile dealers and has nearly 40 locations operating throughout Arizona, Colorado, Florida, and Texas. The new store is expected to open late December 2017. Zachary Morgan of Commercial Retail Advisors, LLC represented the Landlord, Zeta Partnership, and the Tenant was represented by Gordon Heckaman of De Rito Partners in this transaction.

RETAIL – 1200 N. EL DORADO PL., TUCSON
Secondary Marketing Services, LLC expanded their current space in El Dorado Square from El Dorado Ventures, LLC, leasing an additional 595-square-feet at 1200 N. El Dorado Pl., Suite H-820 in Tucson. Tom Nieman and Isaac Figueroa, Office Specialists with Cushman & Wakefield | PICOR, handled this transaction. Tom Nieman represented the landlord and Isaac Figueroa represented the tenant.

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TUCSON, Arizona – BP Swan Investors, LLC (Don Bourn, manager) and Maizlish College Partners GLS, LLC (Toufic Abi-Aad, member), affiliates of Bourn Companies, purchased property at 4710 E 29^th Street and 2021 S Swan Road in Tucson for $1.6 million ($1.31 PSF).

The 27.7763 acres sold with 115,245-square-feet of buildings that sold with no value to be razed. The buyer purchased to rezone from R-1 to an office use zoning for redevelopment.

With fundamentals of the Tucson office market improved, healthy demand drove net absorption to 184,040-square-feet in the third quarter of 2017, bringing the year-to-date total to 312,127-square-feet of net absorption. In the third quarter, office-users were particularly active in the Downtown and East Central submarkets.

According to CBRE, Tucson’s vacancy rate tumbled 190 bps quarter-over-quarter to 14.3% during the third quarter of 2017. This is the lowest vacancy rate since Q3 2008.

The seller, the State of Arizona Department of Economic Security in Phoenix, was represented by Ben and Adam Becker with Ian Stuart of CBRE in Tucson.

The investors were represented by James Marian, CCIM, of Chapman Lindsey Commercial Real Estate Services of Tucson.

For additional information, Marian can be reached at 520.747.4000. Ben Becker is at 520.323.5149 and Adam Becker is at 520.323.5188. Stuart can be called at 520.323.5180.

To learn more, see RED Comp #5310.