Tucson Lease Report – June 2 – 6, 2014

Tucson Lease Report
Tucson Lease Report

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

RETAIL – 5230 E. 22nd 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. 47th ST., TUCSON
Lumiere Investments, LLC leased 17,289-square-feet at 801 E. 47th 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. 29th ST., TUCSON
Mike Giachetti dba Recycling Household Items leased 4,639-square-feet at 3949 E. 29th 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. 6th AVE., TUCSON
YCS Enterprises leased 3,200-square-feet at 2422 S. 6th Ave. from South 6th Shopping Center LLC. Robert Nolan from Oxford Realty Advisors represented YCS Enterprises and Randy Jones from Oxford Realty Advisors represented South 6th 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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Tucson Charter Schools On The Move… more like a Shuffle

New home Desert Springs Academy, 10129 E Speedway Blvd
New home Desert Springs Academy, 10129 E Speedway Blvd

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Many of Arizona’s successful charter schools have long waiting lists with an 8% annual enrollment growth each year. There are a reported, 145,000 students enrolled in 535 charter schools statewide. Here in Tucson, as the school year drew to a close Friday several charter schools were packing to move into new schools for the Fall.

Charter School Capital of Portland, OR dba Arizona College Prep Academy, will be moving from 7444 E Broadway Blvd into the 11,308 sq. ft. retail building (built 1977 and 2007) at 3434 E Broadway in Tucson. The building formerly occupied by BASIS Schools was purchased from BASIS for $1.4 million ($124 PSF). Located on the south side of Tucson’s main thoroughfare, Broadway Blvd. on .95 acres, it is directly across the street from the El Con Mall and Reid Park. The Arizona College Prep Academy will be relocated this summer in preparation for the 2013-2014 school year to commence in August.

Nancy McClure of CBRE in Tucson represented the buyer in the transaction.
[mepr-show rules=”58038″]
BASIS Schools at 3825 E 2nd Street purchased the property immediately adjacent to the existing school, formerly occupied by Desert Springs Academy, at 3833 E 2nd Street (built 1966) paying $1.65 million for the 8,801 sq. ft building on a 40,132 sq. ft. lot. The staff at BASIS was busy packing Friday in anticipation of the building being razed for construction of a new 2-story 42,468 sq. ft. school at this northwest corner of Alvernon Way and 2nd Street. BASIS currently serves 5th, 6th 7th grades and will introduce kindergarten through 4th grade for the 2013-2014 school year.

Carhuff + Cueva are the architects for the new building.

Desert Springs Academy will be moving to the property it purchased at 10129 E Speedway Blvd for $1.7 million cash ($96 PSF) for the 17,865 sq. ft. in three buildings (built 2003) on 8.9 acres. The property was formerly occupied by TAG Charter School that did not renew its charter for next year. Desert Springs is a K-8 charter school that plans to be open in its new location west of Houghton on Speedway for the coming school year.

Academy Del Sol, a K-8 charter school, is adding a second campus at 7102 W Valley Crest Place in the Star Valley neighborhood, located off Wade Road and Valencia in the West Valley. The school purchased 7.69 acres of vacant land for $1.007 million cash ($3 PSF) under the name of Schoolhouse Star Valley, LLC an affiliate of Schoolhouse Development from a trust managed by Joe Cesar of Broadway Realty and Trust of Tucson. The 32,000 sq. ft. building with 21 classrooms is currently under construction and scheduled to open July 29th for the new school year. The school’s Midtown campus is at 4525 E Broadway Blvd in Tucson.

GT Alley of Broadway Realty and Trust in Tucson represented the seller; while the buyer was self-represented in the transaction.

New Mexicayoti Academy, 667 N 7th Avenue
New Mexicayoti Academy, 667 N 7th Avenue

Mexicayoti Academy of Nogales, AZ a K-8 charter school, purchased from B77 Development, LLC (Clayton Niles, manager) the former charter school at 667 N 7th Ave in Tucson. The 7,627 sq. ft. building (built 1971) on a 20,328 sq. ft. lot sold for $475,000 ($62 PSF). Located at the southeast corner of 4th Street and 7th Avenue and close to U of A, this former charter school is in the West University Historical District. The building has fire retardant sprinklers, an alarm system and was designed to add a future 2nd floor. There are 8 back-in parking spaces on the street and 23 secured parking spaces of which 5 are covered. The transaction was an REO sale; the seller was also the lender in a seller carry back to the former charter school when it closed.

Gary Best and John Hamner of Keller Williams of Southern Arizona Commercial in Tucson represented the seller and Rafael Douglas of US Preferred Realty in Mesa represented the school.

For more information on Arizona College Prep Academy call (520) 722-1200. McClure at CBRE can be reached at (520) 323-5117. BASIS Schools can be contacted at (520) 326-3444. Desert Springs Academy is at (520) 321-1709. Academy Del Sol should be contacted at (520) 325-2800. Alley with Broadway Realty & Trust is at (520) 747-5700.

For more information on Mexicayoti Academy call (520) 287-6790. Niles can be reached at (520) 615-9500. Best and Hamner of Keller Williams Southern Arizona Commercial are at (520) 615-8400. Douglas of US Preferred can be contacted at (480) 756-9922. [/mepr-show]

 

Academy Del Sol Star Valley Campus
Academy Del Sol Star Valley Campus