Southern Arizona CCIM Chapter Conversation Corner for April

TUCSON, Arizona — The following commercial real estate transactions totaling $7.96 million created a lot of conversation at the April meeting of the Southern Arizona CCIM Chapter, in case you missed it,  we’re publishing them here as part of our CCIM Conversation Corner.

Schotzsky’s Restaurant at 3270 E Valencia sold March 16th for $775,000 ($229 PSF) in an all cash deal. The 3,383-square-foot building on .88 acre was included in the sale price. The buyer also purchased the franchise, furniture and fixtures in a separate transaction to continue operations as a Schlotzsky’s.  John Hamner, CCIM, with Keller Williams represented the seller. Hamner has since moved over to Re/Max Excalibur in Tucson. Teale Bloom with Phoenix Commercial Retail Advisors represented the buyer, DWG Properties LLC (Gene Denison, manager). Bobbi Rayon at Title Security handled the escrow. To learn more, see RED Comp #5649.

Time Market owner, Peter Wilke, bought the 6,639-square-foot former Scordata’s at 4405 W Speedway Blvd in Tucson for $430,000 ($65 PSF). Tari Auletta, CCIM, of Keller Williams represented the seller and Kristy Kelley with Long Realty represented the buyer. Buyer plans to convert the 6,639-square-foot building on almost 2 acres to a Time Market. To learn more, see RED Comp #5655.

Derrick Sinclair, CCIM, with Terramar Properties sold 13 semi-custom SFR lots sold at Yolanda Oasis Estate in Catalina, at Golder Ranch and Twin Lakes Road for $700,000 or $53,846 per lot. Average lot size is 30,000-square-feet. Sinclair handled the transaction for the buyer, AF Sterling, and seller. Title Security handled the escrow. To learn more, see RED Comp #5617.

Gary Andros, CCIM, of Andros Properties sold the office building at 615 W Roller Coaster Road in Tucson for $670,000 ($140 PSF). Doug Marsh and Lori Casey with Oxford Realty Advisors represented the seller, Farmers Insurance Exchange and Andros represented the buyer. The 4,769-square-foot office building was built in 1981 on .81 acres. The financing was handled by the National Bank of Arizona, Justin Martinez. To learn more, see RED Comp #5651.

F&J Ruis Holdings, LLC purchased vacant land at 507 – 547 W. Lester, Tucson, AZ from Starnoff Investments, LLC for $249,000 ($4.89 PSF).  David Blanchette, CCIM, with NAI Horizon represented the owners and Ron Zimmerman with Cushman Wakefield/PICOR represented the buyer in this transaction. To learn more, see RED Comp #5724.

The White Ohana, LLC purchased a 32,391-square-foot building on 4.26-acres at 3951 E. Columbia St. in Tucson for $3.65 million ($113 PSF).  Rob Glaser, CCIM, SIOR, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Ted Liles with Cresa Global, Inc., represented the buyer, Firsterra Corporation of Costa Mesa, CA. To learn more, see RED Comp #5669.

Hawkins Investment Solutions, LLC purchased a 20,000-square-foot industrial building at 3260 E. 36th St. in Tucson, from Glazer’s Real Estate, LLC for $900,000 ($45 PSF).  Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer; Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller. To learn more, see RED Comp #5695.

The Connie Rae Simonds Trust purchased a 5,272-square-foot multitenant office building located at 3808-3818 E. 5th St. in Tucson, from Wildcat Equities II, LLC for $582,503 ($110 PSF) as investment.  Built in 1966, the masonry building sits on a .40-acre lot. Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the seller; Jim Briggs with Cornerstone Realty & Investments, LLC, represented the buyer. To learn more, see RED Comp #5699.

For more information on SOAZ CCIM Chapter and its upcoming monthly luncheon on May 8th click here.

 




Tucson Lease Report March 26-30, 2018

Tucson Lease Report March 26-30, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from March 26-30, 2018.

OFFICE – 4566 N 1ST AVE., TUCSON
SMI Imaging, LLC renewed their medical office lease for 4,000-square-feet at 4566 N. 1st Ave., Suite 100 in Tucson, from Rose & Friedman Investments, LLC.  Rick Kleiner, MBA, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord; Kathleen Morgan with Newmark Knight Frank, represented the tenant.

RETAIL – 1930 E TANGERINE RD., ORO VALLEY
Oro Valley Jiu-Jitsu, LLC leased 3,909-square-feet from VPOVM, LLC, in Oro Valley Marketplace, situated at the corner of Oracle and Tangerine Rds., 1930 E. Tangerine Rd., Suite 190. Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction; Dave Dutson with NAI Horizon, represented the landlord.

OFFICE – 6565 E CARONDELET DR., STE 285A, TUCSON
Arizona Institute of Urology renewed their lease for 3,886-square-feet of medical office space at 6565 E. Carondelet Dr., Suite 285A in Tucson, from Tucson 6565 Medical Properties, LLC.  Rick Kleiner, MBA, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – BROADWAY & KOLB ROADS, TUCSON
Old Pueblo Fitness has leased a 3,534-square-feet of space at JoAnn’s Center, located on Broadway Blvd. just east of Kolb. The Premises will be used as a CrossFit gym and for the sale of related products. They are scheduled to open for business August 2018.  Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Derrick Sinclair, of Terramar Properties, Inc., represented the tenant.

INDUSTRIAL – 4500 E SPEEDWAY BLVD., TUCSON
Unscrewed Theater leased 3,425-square-feet in Midway Business Park, 4500 E. Speedway Blvd., Suites 37-39 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM and Paul Hooker with Cushman & Wakefield | PICOR, represented the landlord; Rob Tomlinson with Cushman & Wakefield | PICOR, represented the tenant.

OFFICE – 5501 N ORACLE RD., STE 125, TUCSON
Amistades, Inc. renewed their lease for 2,250-square-feet at 5501 N. Oracle Rd., Suite 125 in Tucson, from Survivors Trust.  Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant; Bruce Suppes with CBRE represented the landlord.

RETAIL – 3830 W RIVER RD., MARANA
Caps & Corks, Inc. leased 1,975-square-feet in Marana Marketplace, 3830 W. River Rd., Suite 100 in Tucson, from Marana Marketplace Partners, LLC.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant; Melissa Lal with Larsen Baker, represented the landlord.

RETAIL – 8140 E 22ND ST., STE 140, TUCSON
A & J Automotive, LLC leased 1,750-square-feet 8140 E. 22nd St., Suite 140 in Tucson, from Autocare 22nd Associates, LLC.  Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR represented both parties in this transaction.

OFFICE – 3925 E 29TH ST., STE. 402, TUCSON
Intech Services, LLC leased 1,505-square-feet in Midpoint Business Park, 3925 E. 29th St., Suite 402 in Tucson, from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 100 N STONE AVE., TUCSON
Agent. AI, LLC leased 1,503-square-feet of office space at 100 N. Stone Avenue in the Pioneer Building. Bruce Suppes and Dave Volk of CBRE represented the landlord, Holualoa Pioneer, LLC, in the transaction.

RETAIL – 4514 E BROADWAY BLVD., TUCSON
Goddess Lashes, owner Brianna Martinez, leased 1200-square-feet of retail space in Midstar Plaza, 4514 E. Broadway Boulevard.  The shopping center ownership, Midstar Plaza, LLC, was represented by Nancy McClure, CBRE, and the tenant was represented by Volk Company.

INDUSTRIAL – 3755 E 34TH ST., STE 115, TUCSON
Martinez Construction leased 1,400-square-feet at 3755 E. 34th St., Suite 115 in Tucson, from Rodgers Investment Fund, II, LP.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 3900 W COSTCO DR., MARANA
Tim Rehrmann leased 1,300-square-feet of retail space from Costco Plaza, LLC for TimsTradeIn.com, the new home builder showroom located at I-10 & Orange Grove Rd., 3900 W. Costco Drive, Suite 168, in Marana. Greg Furrier and Diane Carlson, Retail Specialists with Cushman & Wakefield PICOR, represented the landlord.  Tim Rehrmann, New Home Builder Specialist with Keller Williams Southern Arizona, represented the tenant.

RETAIL – 3755 E 34TH ST., STE. 107, TUCSON
Detroit Auto Detailing, LLC leased 1,200-square-feet at 3755 E. 34th St., Suite 107 in Tucson, from Rodgers Investment Fund II, LP.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 1101 W GRANT RD, STE 206, TUCSON
1A Smart Start renewed their lease for 1,200-square-feet in Grant Interstate Commons, 1101 W. Grant Rd., Suite 206 in Tucson, from the Sloat Family Partnership, LLLP.   Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 3125 E 2ND ST., TUCSON
Tom DeBerry, State Farm Insurance Agent, leased 1,000-square-feet of office space at 3125 E. 2nd St. in Tucson, from Agare, LLC.  Isaac Figueroa, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

RETAIL – 4343 N ORACLE RD, STE 125, TUCSON
Landmark Barber Studio leased 960-square-feet at 4343 N. Oracle Rd., Suite 125 in Tucson, from Wetmore Plaza Shops, LLC.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant; Melissa Lal with Larsen Baker, represented the landlord.

RETAIL – ORACLE FT. LOWELL CENTER, TUCSON
The Patio Connection has renewed their lease at Oracle Ft. Lowell Center, located on the NE corner of Oracle Rd. and Ft. Lowell Rd. Andy Seleznov and Melissa Lal represented the landlord, Larsen Baker.




Tucson Lease Report Oct. 2 – 6, 2017

Tucson Lease report 3-13-16
Tucson Lease Report Oct. 2-6, 2017

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Oct. 2 thru 6, 2017.

INDUSTRIAL – 2350 W. RIVER PARK DR., TUCSON
Convergys Customer Management Group Inc. renewed their lease with North Tucson, LLC for 91,200-square-feet at 2350 W. River Park Dr. in Tucson. Convergys partners with clients to improve customer loyalty, reduce costs, and generate revenue through an extensive portfolio of capabilities, including customer care, analytics, tech support, collections, home agent, and end-to-end selling.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 1455 W. RIVER RD., TUCSON
Mural Consulting Corporation leased 20,000-square-feet at 1455 W. River Rd. in Tucson from 1455 W. River Road, LLC.  Rick Kleiner, MBA, and Greg Furrier, Principals with Cushman & Wakefield | PICOR, represented the landlord.  Buzz Isaacson with CBRE, represented the tenant in this transaction.

INDUSTRIAL – 3440 E. BRITANNIA DRIVE, TUCSON
Machine Solutions, Inc. leased 18,779-square-feet of industrial space at 3440 Britannia Drive in the Britannia Business Center. Ryan Timpani of Colliers International represented the tenant. Bill DiVito and Jesse Blum of CBRE represented the landlord, Britannia Tucson, LLC, in the transaction.

INDUSTRIAL – 4175 S. FREMONT AVE., TUCSON
Wist Supply & Equipment Co. leased 6,230-square-feet at 4175 S. Fremont Avenue, Suite 107 in Tucson, from Doubletree Investments, Inc. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Ken McQueen, with Lee & Associates Arizona Commercial Real Estate Services, represented the tenant.

INDUSTRIAL – 3251 S. DODGE BLVD., TUCSON
Titan Solar Power leased 5,000-square-feet at 3251 S. Dodge Blvd. in Tucson, from El Gato Investment Two, LLC.  The team of Russell W. Hall, SIOR, GSCS, Stephen D. Cohen, and Kelly Fickle, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Larry Beddome, CCIM with Keller Williams Success Realty, represented the tenant.

INDUSTRIAL – 3757 E. 43rd PL., TUCSON
Cognition Engineering, LLC subleased 4,952-square-feet at 3757 E. 43rd Pl. in Tucson from Feller’s, Inc.   Russell W. Hall, SIOR, GSCS and Stephen D. Cohen, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.   Tim Healy with CBRE, Inc. represented the tenant.

OFFICE – 1640 E. RIVER RD., TUCSON
American Financial Network, Inc. leased 3,926-square-feet of office space in Mesquite Corporate Center, 1640 E. River Rd., Suite 208 in Tucson, from George Caughman.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  David Montijo with CBRE, Inc., represented the tenant.

RETAIL – NW CORNER of CAMPBELL AVE. & GLENN ST., TUCSON
Starbucks Corporation leased 2,800-square-feet of retail space at the northwest corner of Campbell Ave. and Glenn St. in Tucson, from North Campbell, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

OFFICE – 3131 N. COUNTRY CLUB RD., TUCSON
Casa de los Niños leased 2,730-square-feet of office space at 3131 N. Country Club Rd., Suites 101 & 102 in Tucson, from Spirits, LP.  Isaac Figueroa, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – PLACITA DEL NORTE SHOPPING CENTER, TUCSON
Rigo’s Mexican Restaurant leased 2,600-square-feet of retail space in Placita del Norte Shopping Center in Tucson, from CAS Real Property, LP.  Greg Furrier and Diane Carlson, Retail Specialists with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL 6501 E. GRANT RD., TUCSON
Hoki Poki Bowl leased 1,800-square-feet at 6501 E. Grant Road, Suite 121 in Tucson, from CH Retail Fund I / Tucson Grant Road, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR represented the landlord in this transaction.  Kevin Kramber, with Town West Realty, Inc., represented the tenant.

RETAIL – NE CORNER of BROADWAY BLVD and HARRISON RD, TUCSON
Girlfriend’s Closet, LLC leased 1,625-square-feet from Grabbert Ranch, Inc. The new location is in the Broadway Albertson’s Center located at the northeast corner of Broadway Blvd. and Harrison Rd. in Tucson.  Girlfriend’s Closet is a high-end consignment store offering clothing, accessories, and furnishings. Rob Tomlinson and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 3538 N. ROMERO RD., TUCSON
The Tucson Team, LLC leased 1,500-square-feet at 3538 N. Romero Rd., Suite 154 in Tucson, from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 850 E. OHIO ST., TUCSON
Custom Cabinetry by Anthony Vega leased 1,390-square-feet at 850 E. Ohio St., Suite 2 in Tucson, from RRL, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 3131 N. COUNTRY CLUB RD., TUCSON
Emma K. Hestand, CPA, PLLC leased 1,250-square-feet of office space at 3131 N. Country Club Rd., Suite 109 in Tucson, from Spirits, LP.  Isaac Figueroa, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 3829 E. BROADWAY BLVD., TUCSON 
Red Wing Shoes, Inc. leased 1,200-square-feet of retail space feet at 3829 E. Broadway Blvd. in Tucson from San Clemente, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  John Galen, with Shenkarow Realty Advisors, represented the landlord.

OFFICE – 5055 E. BROADWAY BLVD., TUCSON
HM Management LLC, leased 1,116-square-feet of office space at 5055 E. Broadway Boulevard in the New World Plaza. David Volk of CBRE represented the tenant. David Montijo and Damian Wilkinson of CBRE represented the landlord, Pacific Income Properties, LLC, in the transaction.

RETAIL – 4608 E. GRANT RD., TUCSON
Angela Brenay Woods, dba Unique Shears Hair Studio, leased 1,000-square-feet of retail space at 4608 E. Grant Road in Tucson, from H.L.F. Properties, Inc.  Isaac Figueroa and Rob Tomlinson, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Chris Tsighis, with Coldwell Banker Residential Brokerage, represented the tenant.

INDUSTRIAL – 2112 N. DRAGOON ST., TUCSON
Jeff Schaufel leased 1,000-square-feet at 2112 N. Dragoon St., Suite 11 in Tucson, from Rich Rodgers South, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction.

INDUSTRIAL – 2112 N. DRAGOON ST., TUCSON
Blades Enterprise leased 1,000-square-feet at 2112 N. Dragoon St., Suite 16 in Tucson, from Rich Rodgers South, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction.

RETAIL – PLACITA DEL NORTE SHOPPING CENTER, TUCSON
Arizona Auto Savings leased 990-square-feet of retail space from CAS Real Property, LP, in Placita del Norte Shopping Center in Tucson.  Greg Furrier and Diane Carlson, Retail Specialists with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 3912 E. GRANT RD., TUCSON
Gheorghe and Aimee Vasile, dba Cigarettes Cheaper, leased 900-square-feet of retail space at 3912 E. Grant Rd. in Tucson from Grant and Alvernon Realty Trust.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 13 N. STONE AVE., TUCSON
Three Wells Distilling Company leased 844-square-feet of retail space 13 N Stone Avenue in Downtown Tucson. Michael Laatsch of CBRE represented the tenant and the landlord, BC Limited, LLC, in the transaction.

INDUSTRIAL – 3830 E. 44th ST., TUCSON
Habitat Studios leased 750-square-feet at 3830 E. 44th St., Suite 256 in Tucson, from RR44, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction.