All Real Property, Inc. (Jack Westberg, manager) of Camp Verde, AZ bought an outpad at Houghton Town Center for $380,000 for the construction of a Brake Masters store. The exact size of the pad is unknown after easements and other entitlements are still to be made, however other pads have been selling for approximately $18 per square foot at this center.

Brake Masters will be joining Walmart, Discount Tire and Panda Express that opened earlier this year in the new center located at the southwest corner of Old Vail Road and Houghton Road in Southeast Tucson.

The Brake Masters building will be approximately 6,000-square-feet with 8-bays when is completed.

Jim and Ryan Egan of Prime Commercial Real Estate handle the real estate and development for Brake Masters. Ryan Egan told us that they are about to open a Brake Masters in El Paso, TX and another in Sacramento, CA this February. They are also closing on three additional sites in metro Phoenix, which they expect will have one store built before beginning the Houghton Town Center site sometime in 2015.

Brake Masters currently owns 67 corporate stores in the Southwest, and 14 in the Tucson. The Houghton Town Center store will be number 15 in Tucson.

Shannon Murphy of DVI Realty in Tucson represented the seller, Houghton Developers, LLC, an affiliate of Diamond Ventures (Don Diamond) and Jim and Ryan Egan of Prime Commercial Real Estate in Tucson represented the buyer.

In a separate transaction, All Real Property, Inc. also purchased a 1.52 acre lot near the northwest corner of Broadway Blvd and Wilmot Road, across from Wilmot Plaza for $1.3 million ($19.58 PSF) for future construction of a Brake Masters once rezoned. The address is 75 N Wilmot Road.  Wilmot Plaza is located near Park Place Mall and currently under redevelopment by Bourn Companies. Find complete story here: Wilmot Plaza Razed and Renovated

The Wilmot and Broadway site was a former restaurant, razed and sold for land value.

The seller was also an affiliate of Diamond Ventures, Tucson Broadway Office Plaza, LLC and represented by Shannon Murphy of DVI Realty in Tucson and David Montijo and Jayme Fabe with CBRE in Tucson. Jim and Ryan Egan of Prime Commercial Real Estate in Tucson represented the buyer.

To learn more the Egan team can be reached at (520) 512.0020, Murphy should be contacted at (520) 577.0200. Montijo is at (520) 323.5136 while Fabe can be reached at (520) 323.5166.

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[mepr-show rules=”58038″]Sale date of Wilmot Plaza land was 5/9/2014 for $1.3 million in an all cash deal. APN #127-09-012D

Sale date of Houghton Town Center was 5/16/201 for $380,000, all cash and was a 1031 exchange for buyer.[/mepr-show]

The following commercial leases were reported to Real Estate Daily News for the Tucson Lease Report from July 21 – 25, 2014.

INDUSTRIAL – 4585 E. SPEEDWAY BLVD., TUCSON
Brown Mackie College Tucson, Inc. renewed their lease of 31,471-square-feet at 4585 E. Speedway in Tucson from CS&Z Holdings, Inc.  Tom Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

RETAIL – 11085 N. ORACLE RD., TUCSON
Circus Furniture LLC leased 19,700-square-feet at Steam Pump Village, located at 11085 N. Oracle Rd. in Tucson, AZ, from Oracle Partners LLC. Doug Marsh and Robert Nolan of Oxford Realty Advisors, Inc. represented Oracle Partners LLC. [mepr-show rules=”58038″] Phone: 520-777-3354[/mepr-show]

RETAIL – 3741 EB I-10 FRONTAGE RD., TUCSON
Performance Cycle, LLC, the Tucson dealer for KTM, Triumph, Kawasaki, Hyosung and Husqvarna motorcycles and ATVs, renewed their leased for 13,440-square-feet at 3741 EB I-10 Frontage Rd. in Tucson from Peacock Investment Builders Tucson I, LLC. Rob Glaser, SIOR, CCIM, Stephen D. Cohen, and Russell W. Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield | PICOR,  represented the landlord in this transaction.[mepr-show rules=”58038″]Phone: 520-622-2780[/mepr-show]

INDUSTRIAL – 3440 BRITANNA DR., TUCSON
Advalue Photonics has leased 11,387-square-feet of flex industrial space at Britannia Business Center located at 3440 Britannia Dr. in Tucson. This lease marks an expansion for the locally-based photonics company as they relocate from a previous location that totaled 7,479 square feet. The landlord, Britannia Tucson, LLC, was represented by Bill Di Vito and Jesse Blum with CBRE’s Tucson office. The tenant was represented by Rob Glaser with PICOR.[mepr-show rules=”58038″]
Phone: 520-790-5468[/mepr-show]

INDUSTRIAL – 4246 E. TENNESSEE ST., TUCSON
Dave Rundall leased 9,765-square-feet at 4246 E. Tennessee St. in Tucson from Wingfoot Commercial Tire Systems, LLC.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, and J. T. Walker with Mohr Partners, Inc. handled the transaction.

OFFICE – 603 N. WILMOT RD., TUCSON
Core Source, Inc., leased approximately 8,564-square-feet of office space at 603 N. Wilmot Road, Suite 100, Tucson, Arizona, from Magnum Realty, LLC. Doug Richardson of Tucson Realty & Trust Co. represented the Landlord and P. Kane Dossett of Partners National, represented the Tenant in the transaction. The building is now 100% leased.[mepr-show rules=”58038″]Phone: 520-290-4600[/mepr-show]

RETAIL- 11 S. AVE., TUCSON
Gibson Market, LLC leased 6,000 square feet at 11 S. Ave. from Gibson Family, LLC.  Tom Knox, SIOR, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 6522 E. 22^ND ST., TUCSON
Advantage Medical Products leased 4,921 square feet at 6522 E. 22nd in Tucson from Tierra del Sol Commercial Center, LLC.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord and tenant in this transaction. [mepr-show rules=”58038″]Phone: 520-750-7553[/mepr-show]

INDUSTRIAL – 2018 E. 14^th ST., TUCSON
Eric Touhey and Adrienne Yarnish leased 2,750-square-feet at 2018 E. 14^th St. in Tucson from Michael and Jeanne Williams. Jeff Zellet and Brandon Rodgers, CCIM, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Counsel Industries, LLC leased 2,400-square-feet at 4500 E. Speedway, Suite 47/48 from Presson Midway, LLC. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″]Phone: 520-320-0680[/mepr-show]
$0.53 SF/MO NNN

INDUSTRIAL – 262 S. PLUMER AVE., TUCSON
Air Maintenance Heating and Cooling, LLC leased 2,370-square-feet at 262 S. Plumer Ave. in Tucson from Keller Associates, Inc.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″] Phone: 520-449-2431[/mepr-show]

OFFICE – 310 N. WILMOT RD., TUCSON
AZ Business Consultants, LLC, has leased 2,343-square-feet of office space at Academy Medical Office Center located at 310 N. Wilmot Rd. in Tucson. The landlord, Scottsdale-based REIT Healthcare Trust of America, was represented by CBRE’s David Montijo and Jeff Casper. The tenant was represented by Matthew Hinrichs with ORION Commercial Partners.[mepr-show rules=”58038″]$19.50 SF/YR Modified Gross[/mepr-show]

INDUSTRIAL – 2420 W. RUTHRAUFF, TUCSON
Sun Devil Fire Equipment, Inc., dba Wildcat Fire Protection leased 2,160-square-feet at 2420 W. Ruthrauff, Suite 100 in Tucson from Presson Scottsdale, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Phone: 520-792-9911; $0.65 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON
Bretstar, Inc. dba D & M Painting leased 1,440 square feet at 1870 W. Prince, Suite 12 from Presson Corportation. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions.[mepr-show rules=”58038″]Phone: 623-869-8217; $0.74 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL– 1870 W. PRINCE RD., TUCSON
Vertech Industrial Systems, Inc. leased 1,440 square feet at 1870 W. Prince, Suite 20 in Tucson from Presson Corporation.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″] Phone: 520-207-7538; $0.74 SF/MO Modified Gross[/mepr-show]

RETAIL- 2485 N. SWAN RD., TUCSON
Connect Wireless has leased 1,400-square-feet of retail space at Cornerstone Plaza located at 2485 N. Swan Rd. in Tucson. The tenant was represented by Jesse Peron and Peter Villaescusa. The landlord, Heights Properties, LLP, was represented by Jim Egan and Ryan Egan of Prime Commercial Real Estate. [mepr-show rules=”58038″] Phone: 520- 297-7986[/mepr-show]

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON
Comp-Ray, Inc. dba Catalina Radiographics leased 1,200-square-feet at 1870 W. Prince, Suite 56 from Presson Corporation. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″]Phone: 520-887-5778; $0.74 SF/MO Modified Gross[/mepr-show]

RETAIL – 4518 E. BROADWAY BLVD., TUCSON
Metro PCs has leased 1,200-square-feet of retail space at Midstar Plaza located at 4518 E. Broadway Blvd. in Tucson. The landlord, Midstar Partners, LLC, was represented by Nancy McClure and Michael Laatsch with CBRE’s Tucson office. The tenant was self-represented.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Express Interlock, LLC dba Quick Start Ignition leased 1,200-square-feet at 4500 E. Speedway, Suite 46 from Presson Midway LLC. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″] Phone: 888-717-8278; $0.53 SF/ MO NNN[mepr-show rules=”58038″]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Cass Cura, LLC leased 1,060-square-feet at 4500 E. Speedway, Suite 105 from Presson Midway LLc. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″] Phone: 602-799-2446; $0.53 SF/MO NNN[mepr-show rules=”58038″]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Alchemy DUI Services leased 938-square-feet at 4500 E. Speedway, Suite 69 from Presson Midway, LLC. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″]Phone: 520-628-1455; $0.53 SF/MO NNN[/mepr-show]

INDUSTRIAL – 3855 S. EVANS BLVD., TUCSON
Materials Innovare, LLC leased 932-square-feet in the Ajo/Evans Business Park at 3855 S. Evans Blvd, Suite 401 from Ajo/Evans Business Park, LLC. Jeff Zellet and Pat Welchert, SIOR, with Cushman & Wakefield | PICOR, represented the landlord. Gordon Wagner with Coldwell Banker represented the tenant in this transaction.

OFFICE – 5930 E. PIMA ST., TUCSON
Arizona Small Business Accounting, Inc. (A.S.B.A.) leased 877-square-feet at 5930 E. Pima St., Suite 116 from 5930 E. Pima, Inc. Jeff Zellet and Pat Welchert, SIOR, with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Phone: 520-325-9131; $14.00 SF/YR Modified Gross [/mepr-show]

INDUSTRIAL– 3933 E. 29^th ST., TUCSON
Global Support Services, LLC leased 795-square-feet at 3933 E. 29^th St., Suite 504 in Tucson from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 3790 E. 44^th ST., TUCSON
Cr8ive Metal Design leased 750-square-feet at 3790 E. 44^th St., Suite 252  in Tucson from Rich Rodgers Investment, Inc. Brandon Rodgers, CCIM, with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 1200 N. EL DORADO PL., TUCSON
Nutritional Services of Southern Arizona leased 635-square-feet at 1200 N. El Dorado Pl., Suite I-905 from El Dorado Ventures, LLC.  Tom Knox, SIOR, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. [mepr-show rules=”58038″]Phone: 520-296-6368; $18.00 SF/YR Full Service[mepr-show rules=”58038″]

Submit all sales and leases to REDailyNews@outlook.com.

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RETAIL GROUND LEASE – 5725 E BROADWAY, TUCSON

LongHorn Steakhouse through parent company Rare Hospitality Management, Inc., a subsidiary of Darden Restaurants, signed a long-term ground lease for approximately 62,796 square feet at 5725 East Broadway Boulevard. The existing strip center on the property is scheduled to be demolished to make way for a 6,200 square-foot LongHorn Steakhouse. Darden Restaurants, which owns several other restaurant concepts including Olive Garden and Red Lobster, is the world’s largest full-service restaurant company with over 2,100 restaurants through its subsidiaries. This is LongHorn’s first restaurant location in Tucson. Terry Dahlstrom of Volk Company in Tucson represented the Tenant in the transaction. Jim Egan of Prime Commercial Real Estate in Tucson represented the landlord, Heights Properties, LLP.

INDUSTRIAL SPACE – 4175 S. FREMONT AVE., TUCSON

Abrasives & Equipment of Arizona, Inc., a supplier of abrasives and blast equipment, as well as a developer and handler of specialty and environmental products for the abrasive blast industry, leased 6,230 sq. ft. at 4175 S. Fremont Ave, Suite 105 in Tucson from Doubletree Investments, Inc. Stephen D. Cohen, and Russell W. Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield / PICOR of Tucson handled the transaction.

OFFICE SPACE – 5151 E. BROADWAY BLVD., TUCSON

AXA Equitable Life Insurance renewed their lease for 5,075 sq. ft. at 5151 E. Broadway, Suite 1200 in Tucson from KCI Broadway, LLC.  Tom Nieman, Principal and Office Specialist, Paul Hooker and Jeff Zellet, Industrial Specialists with Cushman & Wakefield / PICOR in Tucson handled the transaction.

INDUSTRIAL SPACE – 3820 S. PALO VERDE RD, TUCSON

La Tauna Products, LLC. leased 3,807 sq. ft. at 3820 S. Palo Verde, Suite 102 in Tucson from Palo Verde Trust Partners, LLC.  Rob Glaser, SIOR, CCIM, Principal, Paul Hooker and Jeff Zellet, Industrial Specialists with Cushman & Wakefield / PICOR of Tucson handled the transaction.

INDUSTRIAL SPACE – 3455 S. PALO VERDE RD, TUCSON

Tucson Industrial Products and Sanitary Supply Co. leased 1,815 sq. ft. at 3455 S. Palo Verde Rd., Tucson from 3455 S. Palo Verde Road LLC. Robert Delaney and Tim Healy with CBRE represented the landlord, Gordon Wagner with Coldwell Banker – Commercial Group of Tucson represented the tenant.

INDUSTRIAL SPACE – 4500 E. SPEEDWAY, TUCSON

The following businesses renewed leases at the Midway Business Park: Express Interlock, LLC., 1,200 sq. ft. at 4500 E Speedway, Suite 46 in Tucson to the Southern Arizona Community Diaper Bank, and 1,860 sq. ft. in Suites 78 & 108 also at Midway. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR, represented the landlord in this transaction.

INDUSTRIAL SPACE – 3933 E. 29 STREET, TUCSON

Avtel Technologies, Inc. leased 745 sq. ft. in the Midpoint Business Plaza, 3933 E 29^th St, Suite 503 in Tucson from Presson Midpoint LLC. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR handled the transaction.

OFFICE SPACE – 4525 E. SKYLINE DRIVE, TUCSON

Boskovich Insurance Sales & Service, PLLC, leased approximately 308 sq. ft. of office space located at 4525 E. Skyline Drive, suite 112 in Tucson from M. Francina Richardson and Suzanne Garvey. Doug Richardson and Terry Lavery of Tucson Realty & Trust represented the Landlord in this transaction.

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[ismember]Avtel , 3933 E 29^th St, Suite 503 in Tucson asking rate $0.63 sf/mo (modified gross)

Asking lease rate at 4500 E Speedway was $.41 -$.52 / SF/ month Industrial gross

[/ismember]