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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Phoenix, Arizona – The Sperry Van Ness (SVN) Phoenix location is hitting it out of the ballpark lately. The last sixty days have been the commercial real estate playoffs for this team and several advisors made several strong plays to end up with a winning trophy.

September was action-packed month for the same seven advisors closing significant deals such as a $2.4 million lease deal to Practice Management Specialists in Mesa, AZ.  Directors of Leasing, Mary Nollenberger (Ridberg) and Rommie Mojahed negotiated the deal over a 5-year lease agreement and 16,380 square-feet.

If that wasn’t enough, the savvy retail team closed a very long awaited sale out in Chandler, AZ.  Ironically one year ago, the media acknowledged this retail property as one of Chandler’s “Eye-soars” of the valley, however with their dedication and persistence; this strong retail team who represented the buyer, Real Estate Opportunity Fund of Arizona, LLC and sold this property for $5,425,000. The seller, Jim Horvath with Town West Realty, Inc. was also represented by Sperry Van Ness. This cash close was the real deal and already 100K square-feet were in lease prior to closing escrow.  The Chandler Heights residents have something to look for to.  This soon to be upscale retail marketplace will be the place to go for all your shopping vices.

The Sperry Van Ness office team stepped up to the mound and contributed to the final score as well.  Senior Advisor Justin Horwtiz and Associate Advisors, Jonathan Levy, and Paul Borgesen III combined approximately 90K in square-feet and acres totaling almost $600K in sale and lease transactions within two weeks in September.

Since the retail and office teams hit a few deals out of the park, Vice President and multifamily investment specialist, Danny Lee soon answered with 2 more home runs closing two multifamily sales totaling over $2 million on the same exact day at the end of October.   Sierra West Apartments and Hayden Apartments were both individually metered properties and both had a high occupancy rate.  Among the other benefits to this investment, the separate owners were able to walk away with cash in hand to begin a new chapter.

It seems that the Sperry Van Ness teams were sure to close this win out and solidify their ranking among the best of the best Commercial Real Estate teams.  Advisor, Beau Flahart whose strong compassion for empowering his clients with retail market knowledge closed a significant retail deal at the end of October to secure the win.  Nollenberger and Mojahed represented the seller and Flahart represented the buyer, who purchased the $5,220,000 retail shopping plaza called the 8^th Ave Shops located at 810 S. Alma School Rd., in Mesa.  All three advisors worked together to make this deal happen.  This ± 86,444-square-foot grocery anchored shopping center as an off-market deal fell into place.  Although the property sold below market value due to a large tenant vacating during escrow, the new owners deem this shopping center and its location has revenue potential and still decided to purchase.

“Leaders aren’t born, they are made. And they are just like anything else, through hard work. And that’s the price we’ll have to pay to achieve that goal, or any goal.”  ~ Vince Lombardi

So we must once again congratulate Mary Nollenberger (Ridberg) for being selected by the Real Estate Forum magazine as one of the “Woman of Influence: Southwest” of 2015. Mart has been acknowledged as one of the most prominent female executives in commercial real estate today.

Sperry Van Ness, LLC is a full-service commercial real estate company that strives to be the best in this competitive commercial real estate industry.  Our advisors believe that true collaboration within the entire brokerage community is not just in the client’s best interest, but simply the right thing to do. That’s the SVN Difference.