The following leases in Tucson were reported to the Real Estate Daily News for the Week June 2-6, 2014.

RETAIL – 5230 E. 22^nd ST. TUCSON
Premier Auto Center leased the 40,000-square-foot former Aaron Auto and Trucks sales lot at 5230 E. 22nd in Tucson from Aaron Autos and Trucks, LLC.  Premier Auto Center also recently leased the 2-acre former Budget Rent-A-Car airport facility at 3085 E. Valencia Rd from DP’s Land Management Company. Greg Furrier, Principal and Paul Hooker with Cushman & Wakefield | PICOR, represented the landlords in both these transactions. [mepr-show rules=”58038″]Tenant Phone: 520-888-0790[/mepr-show]

RETAIL – 801 E. 47^th ST., TUCSON
Lumiere Investments, LLC leased 17,289-square-feet at 801 E. 47^th St., in Tucson from Mirabella Properties, LLC. Pat Welchert, SIOR, Industrial Specialist with Cushman & Wakefield | PICOR, handled the transaction. [mepr-show rules=”58038″]Asking lease rate: $0.40 sf/mo Modified Gross / Tenant Phone: 520-721-1886[/mepr-show]

WAREHOUSE – 1861 W. GRANT RD., TUCSON
Dal-Tile Distribution, Inc. leased 10,800-square-feet at 1861 W. Grant, Suite 109 in Tucson from Walker Tucson Properties, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Bob Delaney and Tim Healy with CBRE represented the tenant this transaction. [mepr-show rules=”58038″]Asking lease rate : $0.23 – $0.29 sf/mo NNN / Tenant Phone: 520-748-7411[/mepr-show]

INDUSTRIAL – 10900 N. STALLARD PLACE, TUCSON
Alchemy Plastics, Inc. leased 10,306-square-feet at 10900 N. Stallard Place, Suite 140-160 in Tucson from Daryl B. Ross & Melvin S. Ross.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Gary Best with Keller Williams of Southern Arizona represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 303-307-8200 [/mepr-show]

INDUSTRIAL – 1931 W. GRANT RD., TUCSON
Babco International, Inc. leased 8,523-square-feet at 1931 W. Grant, Suite 330 in Tucson from First Family Company, Ltd. Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Steffan Cione with Cione Company represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520-628-7596[/mepr-show]

RETAIL – 4037 N. ORACLE RD., TUCSON
Indian Motorcycles leased 7,722-square-feet at 4037 N. Oracle in Tucson from Poz Ben Bon Investment Corporation.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant. John Hamner with KW Commercial represented the landlord in this transaction.

WAREHOUSE – 3648 E. AJO WAY, TUCSON
Plutus Motor Group, LLC, a custom car assembler specialized in highline vehicles, consignment, & luxury rentals, leased a 7,000-square-foot suite in the 61,427-square-foot Copenhagen Warehouse, 3648 E. Ajo Way, Tucson. Copenhagen will continue to occupy the remainder of the space. The owners of the warehouse were represented by John Ash of CBRE and the Tenant was represented by Gordon Wagner of Coldwell Banker. [mepr-show rules=”58038″]Asking lease rate: $0.60 sq./ft. mo. Modified Gross – Tenant Phone: 470-222-4764 [/mepr-show]

RETAIL – 1401 W. VALENCIA, TUCSON
MPG Automotive Services Valencia, LLC leased 5,300-square-feet at 1401 W. Valencia, Suite 101 in Tucson from Fletcher’s Tire & Auto Service, Inc.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.66 sq./ft. Modified Gross / Tenant Phone: 520-294-4000[/mepr-show]

INDUSTRIAL – 3949 E. 29^th ST., TUCSON
Mike Giachetti dba Recycling Household Items leased 4,639-square-feet at 3949 E. 29^th St., Suite 710-711 in Tucson from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 4565 S. PALO VERDE, TUCSON
Hill-Rom Company, Inc. leased 3,600-square-feet at 4565 S. Palo Verde, Suites 215, 223 & 225 in Tucson from Presson Equity Partners, LLP.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.43 sq/ft NNN [/mepr-show]

RETAIL – 2422 S. 6^th AVE., TUCSON
YCS Enterprises leased 3,200-square-feet at 2422 S. 6^th Ave. from South 6^th Shopping Center LLC. Robert Nolan from Oxford Realty Advisors represented YCS Enterprises and Randy Jones from Oxford Realty Advisors represented South 6^th Shopping Center LLC.

WAREHOUSE – 1870 W. PRINCE RD., TUCSON
The following businesses leased space from Presson Corporation at 1870 W. Prince Rd:  Steele Solar Solutions leased 2,792-square-feet in Suite 22-23 Design, LLC leased 1,440-square-feet in Suite 4. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″]Asking lease rate: $0.64 sq./ft. Modified Gross [/mepr-show]

INDUSTRIAL – 3640 S. CAMPBELL, TUCSON
Swisher Hygiene USA Operations, Inc. leased 2,500-square-feet at 3640 S. Campbell in Tucson from Strauss Revocable Living Trust.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Sam McGill with Grant Street Associates represented the tenant in this transaction. [mepr-show rules=”58038″]Phone: 1-800-444-4138 (corporate)[/mepr-show]

OFFICE – 1159 N. CRAYCROFT, TUCSON
Alzheimer’s Disease and Related Disorders Association, Inc. Desert Southwest Chapter leased 2,378-square-foot at 1159 N. Craycroft in Tucson from McGuire and Associates.  Principals Tom Nieman, Russ Hall, SIOR, GSCS, and Steve Cohen with Cushman & Wakefield | PICOR, represented the tenant. Andrew Sternberg, with Oxford Realty Advisors, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 1-800-272-3900 (corporate)[/mepr-show]

OFFICE – 2055 N. KOLB RD., TUCSON
Inspired Life Chiropractic & Wellness, leased approximately 1,575-square-feet of office space located at 2055 N. Kolb Rd, Tucson, Arizona, from Busby, Sanford, & Brady CPA’s PLC. Tari Auletta, CCIM, and Doug Richardson of Tucson Realty & Trust Co. represented both the Landlord and the Tenant in the transaction. [mepr-show rules=”58038″]Asking lease rate: $9.50 sf/yr Modified Gross / Tenant Phone: 520-390-2966 [/mepr-show]

OFFICE – 4595 S. PALO VERDE, TUCSON
Greenshield Pest Control of Tucson leased 1,200-square-feet at 4595 S. Palo Verde, Suite 501 in Tucson from Presson Equity Partners, LLP.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520-393-3352 [/mepr-show]

OFFICE – 2410 W. RUTHRAUFF, TUCSON
Paragon Design Services, LLC leased 1,200-square-feet at 2410 W. Ruthrauff, Suite 100 in Tucson from Presson Scottsdale, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520-333-4290[/mepr-show]

MANUFACTURING– 3710 S. PARK AVE, TUCSON
U.S. Security Associates Company leased 1,170-square-feet at 3710 S. Park Ave, Suite 702 in Tucson from William Lee, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 800-730-9599[/mepr-show]

RETAIL – 4624 E. SPEEDWAY BLVD., TUCSON
Hunter Douglas Blinds leased an additional 1,075-square-feet at 4624 E. Speedway Blvd. from Speedway Swan Plaza LLC. Robert Nolan from Oxford Realty Advisors represented both parties.

RETAIL – 2680 E. VALENCIA RD., TUCSON
Elite Barbershop leased 960-square-feet at Bay Colony Plaza, 2680 E. Valencia, Suite 168 in Tucson from Rogers Real Estate Holdings, LLC.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $15.00 sf /yr NNN[/mepr-show]

OFFICE – 8825 E. SPEEDWAY BLVD., TUCSON
Allstate Insurance leased 808-square-feet at 8825 E. Speedway Blvd., Suite #108 from Furrow Properties. Andrew D. Sternberg from Oxford Realty Advisors handled the transaction.

OFFICE – 1637 E. PRINCE RD., TUCSON
Ryberson Consulting, PLLC leased 745-square-feet at 1637 E. Prince Rd. from Campbell & Prince Property, LLC. Andrew D. Sternberg from Oxford Realty Advisors handled the transaction.

OFFICE – 1641 E. PRINCE RD., TUCSON
Amber Healing Center, LLC leased 745-square-feet at 1641 E. Prince Rd. from Campbell & Prince Property, LLC. Andrew D. Sternberg from Oxford Realty Advisors handled the transaction.

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Aljaar Investment Corporation (Armando Pazionek, managing member) purchased in two separate transactions a 5,572-square-foot multi-tenant class-B retail building on .65 acres and 39,280 square-feet of excess land at 8553 & 8557 N Silverbell Road in Marana for[mepr-show rules=”58038″]$1.2 million. Property was built in 2007, and is located in Continental Ranch North, north of Cortaro Road and south of Coachline, on Silverbell.

The retail building was 70% occupied when it sold, with La Olla Mexican Restaurant and Indigo Day Spa as tenants. La Olla is a Sonoran style restaurant with an original twist that also caters and Indigo Day Spa, a full service salon and one of the first in Tucson to offer Brazilian Blowout, Shellac and Minx nails.

The remaining 1,680-square-feet was vacated on Sept 1 and is available for lease. It is a high-visibility, end-cap unit facing Silverbell, currently built-out as an insurance office, with lobby, high ceilings, granite counter tops, private bathroom and break area.
John Hamner, CCIM, and Gary Best, CCIM, of KW Commercial in Tucson have been retained as leasing agents for the property. Hamner represented the buyer, in both sale transactions.

Clave Lilien of Long Realty in Tucson represented the seller, A1 Investments, LLC of Tucson (Clint and Marsha Gardner) on the building at 8553 N Silverbell Road. The seller of the excess land, Silverbell Development Partners, LLC of Tucson (Steven Mar, managing member) was represented by Debbie Heslop, CCIM, of the Volk Company in Tucson.

The investor is looking for more retail properties of this type in the Tucson area.

For more information, contact Hamner and Best at (520) 615-8400. Lilien can be reached at (520) 825-7227 and Heslop should be called at (520) 326-3200.[/mepr-show]

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[ismember]8553 N Silverbell – Sale Date: 9/11/2013. Sale price: $933,000 ($167.44 PSF) for the 5,572 SF building on 28,311 SF lot, APN: 221-21-003G. Property is zoned NC, Marana. Escrow time: 60-70 days. Asking rent on 1,680 SF is $14/SF/NNN, triple nets are estimated at $5 / SF

Land at 8557 N Silverbell – Sale Date: 9/20/2013. Sale price: $245,000 ($6.24 PSF) for the 39,280 SF of excess land, APN: 221-21-003F. The lot had no improvements and was purchased as a speculative hold for investment. Escrow time: 45 days. [/ismember]

The retail sub-sector is showing some real signs of life. For investors, it could finally be time to bet on that beleaguered strip mall. After getting trounced during The Great Recession, the retail real estate space spent much of the last two years floundering with the retail sub-sector seeming to have been left behind. However, things are finally turning around for the market as evidenced by these three deals.

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[mepr-show rules=”58038″]A Wienerschnitzel property at 3460 N Oracle Rd in Tucson sold to Sam Third, LLC of Tucson (Steven Mar, managing member) for $330,000 all-cash. The 600 square foot building was built for Wienschnitzel in 1967. The seller was an individual from San Marino, CA. The transaction was handled principal-to-principal without broker representation.

Wienerschnitzel is an American fast food chain founded in 1961 (as “Der Wienerschnitzel”) that specializes in hot dogs. Wienerschnitzel locations are found in California, Texas, Arizona, Colorado, Illinois, Louisiana, New Mexico, Nevada, Utah, and Washington state. There is also a store in Guam.

The Eegee’s property at 3806 E Grant Road in Tucson sold for $792,363 to an investment group out of Jenkintown, PA. The 2,423 square foot building (built 1990) is one of 23 locations for the Tucson restaurant chain that specialize in, among other things, signature frozen fruit drinks.

A strip retail center at 5760-5764 E Broadway Blvd. in Tucson sold for $429,000 ($66 PSF). The buyer was IST Investments, LLC of Tucson (Abdulla Yilmaz, member) and the seller Harose Realty Investment Company of Tucson (Theodore Direnfeld, President). The retail center sold with two tenants, Stuart Cooper Jewelers and Dee’s Shoes. The center had 1,500 square feet vacant from a downsizing by the jewelry store. The property is located across the street from the retail center being razed for a new Longhorn Steakhouse.

Financing was handled by Wells Fargo.

Gary Best and John Hamner of Keller Williams of Southern Arizona in Tucson handled the sale and are also leasing the available space. Best and Hamner can be reached at (520) 615-8400.

Sale date on 3460 N Oracle Road was 8/22/2013. APN: 106-03-132C. $330,000 all cash. Seller was Todd Nathan Weber of San Marino, CA.

Sale date on 3806 E Grant Rd was 89/2013. APN: 122-16-3570 & 3580. Buyer paid all cash. The seller was CNL APF Partners, LP of Scottsdale, AZ.

Sale date on 5760-5764 E Broadway Blvd was 7/31/2013. APN: 128-03-003A. Buyer put $177,075 down and financed the balance conventionally.
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