Tucson Lease Report January 1 – 5, 2018

Tucson Lease report 3-13-16
Tucson Lease Report Jan. 1-5, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Jan. 1 thru 5, 2018.

OFFICE – 1310 W. ST. MARY’S RD., TUCSON
Skin Concierge, LLC; Dr. Mark Austein & Dr. Rachel Schacht has leased 1,369-square-feet at 1310 W. St. Mary’s Road, Suite A, from Campana De Plata, LLC; Dr. Rene Dominguez.  Lori Casey and Cameron Casey of Oxford Realty Advisors represented the Tenant and Lori Casey and Doug Marsh of Oxford Realty Advisors represented the Landlord in the transaction.  A new facility and medical practice.  Skin Concierge is a full-service dermatology and aesthetician practice. [mepr-show rules=”58038″]Asking lease rate: $16.50 – $17.00 SF/YR Modified Gross; Tenant Phone: 520.333.5973[/mepr-show]

RETAIL – 3820 W. RIVER RD, MARANA
Arizona Ice Cream Company, Inc., which will be opening the Tucson area’s first Pinkberry frozen yogurt leased 1,100-square-feet at 3820 W. River Rd., in the Marana Marketplace in Marana, Arizona. The long-term lease totals $457,071.  “Arizona Ice Cream Company, Inc. also operates two local Cold Stone Creamery stores and plans to open up to four Tucson-area Pinkberry locations over the next 12 to 18 months,” Scott Soelter of NAI Horizon said. Pinkberry, which offers frozen desserts, originated in Los Angeles in 2005 and now has more than 260 locations in 20 countries. It is headquartered in Scottsdale, Arizona. Tenants at Marana Marketplace include Sprouts, PetSmart, Conn’s, Sports Clips, and Guitar Center. Managing Director Scott Soelter of NAI Horizon’s Tucson office negotiated the lease on behalf of the tenant. The landlord, Marana Marketplace Partners, LLC of Tucson was represented by Melissa Lal of Larsen Baker.

RETAIL – 3951 W. INA RD., TUCSON
Chadron EFGAZ, LLC dba Eat Fit Go leased 988-square-feet at 3951 West Ina Road, Suite 123, Tucson. The space is located in a pad building that is also occupied by Starbucks and T-Mobile within Thornydale Plaza, a Target and Lowe’s anchored center at the southwest corner of Ina and Thornydale. Access Commercial represented the tenant. Dave Hammack of Volk Company represented the landlord, I.T. Investments One, L.L.C.

Send sales and leases to REDailyNews@outlook.com




Staples leaving Tucson, adds another Phoenix store to Close

Staples at Cochise Center, Sierra Vista
Staples at Cochise Crossroads in Sierra Vista, AZ

Framingham, Mass-based Staples, one of the country’s biggest retailers, began last March a two-year plan to close 225, or roughly 12%, of its North American stores, and downsize the remaining ones to be half the size.

In November, Staples leaving Tucson, announced its aim to close 170 stores in North America in 2014, up from a previous target of 140, and has closed or announced closure of approximately 132 stores to date. Plans are still on target to shutter 225 stores by the end of 2015, as part of a $500 million cost saving measure.

Following earlier 2014 closures in Phoenix, Casa Grande and Yuma, Tucson landlords received notice just before Christmas that all three Tucson stores would be closing and a fifth closure in Phoenix.  Staples confirmed to us the following Arizona closings for the end of February 2015:

  • store #1306 at 10310 N 91st Ave., Peoria, AZ;
  • store #1463 at 2930 N Campbell Ave, Tucson;
  • store #1477 at 6230 E Broadway, Ste 100, Tucson;
  • and store #1482 at 3840 W River Road, Marana.

Over halfway to the goal of 225 shuttered stores, and an unknown number of stores being shrunk to half size in markets such as Sierra Vista and Prescott in Arizona, the downsizing follows similar moves by other retailers.

Smaller outlets like RadioShack Corp. and big department stores like J.C. Penney Co. have had to grapple with the effect of increased online purchases and declining shopper foot traffic. The shift has hit retailers of electronics, appliances and office supplies the hardest because those items have moved online more quickly than other goods, according to data from Kantar Retail.

Smaller store formats should improve the company’s profitability, because the rent costs half as much while maintenance, wages and other expenses are reduced. Staples has also found its 12,000 square-foot stores still sell nearly as much merchandise as stores that are twice the size. The plans reflect an industry-wide consolidation for office supply chains that no longer need as much floor space to sell the electronics that schools and businesses are buying.

Office Depot Inc. earlier this year set plans to close 400 locations in the U.S., with 150 closures pegged for 2014, citing overlap created by last year’s merger with rival OfficeMax. Staples, at one time known as the nation’s largest office-supply company has nearly half of its sales now generated online.

“We continually evaluate our store performance to ensure we’re operating the business in the best way. As customers shift online, we are taking aggressive action to right-size our retail footprint. We are committed to providing great service and every product businesses need whether it’s in-store, online or through mobile,” a spokesperson for Staples told us.

Staple stores employ on average, 20 persons per store.

Alex Clark of B.D. Baker in Phoenix and Paul Godles of Excess Space Retail Services are marketing the Staples subleases and currently have 109 listed for Staples on their website at https://excessspace.com/pages.php?id=MjQ=

Nancy McClure and Michael Laatsch of CBRE in Tucson handle leasing at two of the Tucson centers: Campbell Plaza and Broadway & Wilmot. Andy Seleznov of Larsen Baker handles leasing at the Marana Marketplace at River and Orange Grove in Marana.

To learn more McClure can be reached at 520.323.5117 while Laatsch is at 520.323.5191. Seleznov can be contacted at 520.296.0200. For the excess spaces at Cochise Crossroads in Sierra Vista and Depot Marketplace in Prescott contact CBRE’s McClure at 520.323.5117, Pete Villaescusa at 520.323.5112 or Jesse Peron at 520.323.5130, for more information.




TUCSON LEASE REPORT – NOVEMBER 4-8, 2013

Real Estate Daily News RETAIL – 3682 W. ORANGE GROVE, MARANA
Conn’s has leased a ± 40,000 sq. ft. space at Marana Marketplace, 3682 W. Orange Grove, Tucson located on the SE corner of Orange Grove Rd. and Thornydale Rd. in Marana Arizona. The premises will be used as a retail store for the sales of home appliances, consumer electronic, home and office furniture, mattresses and other home/office and related products and accessories. They are scheduled to open for business in the spring of 2014. Andy Seleznov, CCIM, Director of Leasing at Larsen Baker represented the landlord. Nancy McClure with CBRE’s Tucson office represented the tenant.

RETAIL – 3682 W. ORANGE GROVE, TUCSON
The Guitar Center has leased a 11,412 sq.ft. space at Marana Marketplace Shopping Center, 3682 W. Orange Grove, Tucson, located on the southeast corner of Orange Grove & River. The Premises will be used for the sale, rental, and repair of musical instruments. They are scheduled to open for business in the third quarter of 2014. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Regan Amato, of Phoenix Commercial Advisors represented the Tenant.

[mepr-show rules=”58038″]$14 -35 psf (Annual), NNN[/mepr-show]

OFFICE – 698 E WETMORE, TUCSON
Dermatology and Plastic Surgery of Arizona, LLC leased 2,470 square feet of medical office at 698 E. Wetmore Road,#310 Tucson, from First Ave./Wetmore Office Plaza, LLC. Andrew Sternberg of Oxford Realty Advisors handled the transaction.

[mepr-show rules=”58038″]Phone  to reach tenant- 520-458-1787[/mepr-show]

OFFICE / MEDICAL – 3395 N. CAMPBELL, TUCSON
Dr. Charles B. Evans leased a 2,550-square-foot medical office space at Rillito Corporate Park, 3395 N. Campbell Ave. Dr. Tucson. Evans is a Scottsdale-based internalist and men’s health specialist. This is the second practice location for the tenant, who plans to take occupancy in early November. David Montijo with CBRE’s Tucson office represented the landlord, Sante Fe, N.M.-based H.P. Enterprises LP. Alan Laulanien with Coaction Group LLC in Phoenix represented the tenant.

[mepr-show rules=”58038″]Tenant’s Phone – 480-588-6924[/mepr-show]

RETAIL – THE TUCSON PLACE SHOPPNG CENTER
College Vapor has leased a 2,167 sq.ft. Space at The Tucson Place Shopping Center, located on the NW corner of First Ave. & Wetmore Rd. Tucson. The Premises will be used as a store specializing in the sale and on-site use of if electric cigarettes and related equipment. They are scheduled to open for business October 2013. Andy Seleznov, CCIM, Director of Leasing at Larsen Baker handled the transaction.

RETAIL / RESTAURANT – 8300 N. THORNYDALE, TUCSON
Mama’s Hawaiian Bar-B-Cue leased a 2,000 square-foot restaurant space at Cortaro Plaza, 8300 N. Thornydale Road, Suite 120, Tucson.. The new Mama’s Hawaiian Bar-B-Cue location, the third in the Tucson area, is expected to open mid-January 2014. Craig Finfrock of Commercial Retail Advisors, LLC represented both the landlord, Cortaro Investments, LLC, and the tenant, Mama’s Family Restaurants, LLC, in this transaction.

[mepr-show rules=”58038″]Phone – 520-792-2350[/mepr-show]

OFFICE – CRAYCROFT PLAZA
Youth & Families First, has leased a 1,449 sq.ft. space at Craycroft Plaza, located on Craycroft Rd., just north of Speedway Blvd. The Premises will be used as an office specializing in youth and family counseling. They are scheduled to open for business November 2013. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Nancy McClure, of CBRE, represented the Tenant.

[mepr-show rules=”58038″]Tenant Phone – 623-435-6840[/mepr-show]

RETAIL -4821 E. GRANT RD., TUCSON
Good Feet has leased a 1,268 sq.ft. space at Crossroads Festival, 4821 E. Grant, Tucson, located on the NE corner of Grant Rd. & Swan Rd. The Premises will be used as a retail store specializing in the sale of arch supports, orthotics, shoe inserts orthopedic and conform shoes and related footwear items. They are scheduled to open for business December 2013. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker. Advisors handled the transaction.

[mepr-show rules=”58038″]Tenant Phone – 1-800-509-4535[/mepr-show]

OFFICE – 1611 N. WILMOT, TUCSON
1701, LLC did a 485 square foot sublease at 1611 N. Wilmot, Suite 106, Tucson, with De Benedetti & Company. Andrew Sternberg of Oxford Realty Advisors represented the Tenant and James Hardman of Desco Southwest, represented the Landlord.