Tucson industrial sales picked up pace in Q1 and has continued this pace through May. Local businesses needing warehouse space has kept a steady demand for industrial space, steady with sales volume. The average May sale price for Tucson industrial buildings was $431,429 with a median sale price of $410,000 this month.

Mineral Seal Corporation, a supplier of high performance specialty products for various high temperature applications bought 8,853-square-feet in three industrial condos at 1826 S Research Loop in Tucson for $850,000 ($96 PSF) to owner occupy. The company supplies seal and gasket materials, flexible graphite, braided compression mechanical packing, high temperature textiles, fiber glass and ceramic fiber cloth, tape and rope, mineral based refractory materials, mostly developed from natural minerals, providing cost-effective solutions for all industrial or R&D applications.

The seller was Tucson Industrial Real Estate Company, LLC of Tucson (Stephen Cohen, manager) also a broker with Cushman & Wakefield | Picor was self-represented in the transaction. Airtronics, Inc., a government contractor, leases the other half of building at about the same time. Airtronics manufactures and repairs military aircraft products.

To learn more Cohen can be reached at 520.546.2750. For more information login to reference RED Comp #2926.

SSM Manufacturing, LLC (Craig Benson, owner) purchased the building it had been leasing at 2699 E Valencia Road in Tucson for $625,000 ($49.35 PSF). The 12,664-square-foot building was built in 1994 on a 3.61 acre lot in Los Ranchitos, northeast of Tucson Blvd.

Rob Glaser, SIOR, CCIM, Industrial Speicialist, with Cushman & Wakefield | Picor of Tucson represented the seller Palice Investments (Paul Baker, manager). Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer in the transaction.

Hall and Hooker can be contacted at 520.748.7100. For additional information, login to reference RED Comp #2870.

Delgado’s Catering (Adan Delgado) purchased a 10,179-square-foot former food distribution warehouse with four freezers, cool room, dry storage, four docks, plus office space at 741 S Campbell Avenue in Tucson for $450,000 ($44.21 PSF). Delgado’s purchased it to owner occupy as a commissary. Built in 1968 and 1986, the building sits on a .57 acre lot at the northeast corner of 18^th Avenue and Campbell Avenue.

Esther Empens with Tierra Antigua Realty of Tucson represented the seller, Lynn Sadowsky of Tucson and Mark Hays also with Tierra Antigua Realty represented the buyer.

To learn more Empens can be reached at 520.271.5585 and Hays is at 520.544.2335. For additional information login to reference RED Comp #2972.

Sabino Canyon Plaza at 4960 N Sabino Canyon Rd in Tucson sold for $1.15 million ($173 PSF). The 6,631-square-foot strip center (built 2006) is located north of Snyder on Sabino Canyon. It was 71% occupied at time of sale with three tenants: Brewd Coffee, Finis Nail Spa and Sabino Vet Care plus 1,896-square-feet available.

Craig Finfrock of Commercial Retail Advisors represented the seller, The Sheldon Trust (Steven and Susan Sheldon) of Tucson in the transaction. Jade Bossert of Tierra Antigua in Tucson represented the California investor, JDaniels, LLC (John and Jane Daniels) of Solvang, CA.

Mark Hayes with Tierra Antigua has the leasing assignment for the property.

To learn more Bossert should be reached at 520.544.2335 and Hayes at 520.444.5401. Finfrock can be contacted at 520.290.3200

The following commercial leases were reported to Real Estate Daily News for the Tucson Lease Report from July 29 – August 1, 2014.

RETAIL – 400 E. HIGHWAY, PAYSON
Rue 21 has leased 6,500-square-feet of at RIM County Mall located at 400 E. Highway in Payson, Ariz. The specialty discount retailer was represented by Peter Villaescusa and Jesse Peron with CBRE’s Tucson office. The landlord, Payson Development Assoc., was represented by Andy Seleznov with Larsen Baker.

RETAIL – 1011 N. TYNDALL AVE., TUCSON
Goodness-U, LLC leased 3,722-square-feet in The Hub at Tucson. The tenant plans to open Goodness Market, a fast casual restaurant offering sandwiches, wraps, smoothies, coffee, and a small retail area selling “food to go.” The Hub at Tucson is a 592-bed high rise student housing community currently under construction near the U of A campus at 1011 North Tyndall Avenue, Tucson. Goodness will join QQ Sushi in the approximately 7,000-square-feet of ground level retail space in the complex. Debbie Heslop, CCIM, of Volk Company represented the landlord Core Campus Tucson l LLC.

OFFICE – 4801 E. BROADWAY BLVD., TUCSON
Tetra Tech, Inc. has leased renewed its lease for 3,976-square-feet of office space at 4801 E. Broadway Blvd. in Tucson. The Pasadena, Calif.-based provider of consulting, engineering, and technical services was represented by David Volk in CBRE’s Tucson office and Nicole Bise in CBRE’s LA office. The landlord Forty-Eight-O-One, LLC, was represented by Greg Vinikoor with Vinikoor Commercial Realty.[mepr-show rules=”58038″]Tenant Phone: 520-623-7980[/mepr-show]

RETAIL – 3382 E. SPEEDWAY BLVD., TUCSON
Renewed Beauty, P.L.L.C. leased 3,580-square-feet at 3382 East Speedway Boulevard, Tucson. The space is located within Rancho Center, which is anchored by Whole Foods. The tenant plans to open a salon and day spa in the space. Greg Boccardo of GRB Group, LLC represented the Tenant. Debbie Heslop, CCIM, represented the landlord, Rancho Center. [mepr-show rules=”58038″]Tenant Phone: 520-298-0005[/mepr-show]

RETAIL – 6330 N. CAMPBELL AVE., TUCSON
The Ballet Conservatory of Dance Music and Art, LLC. leased 3,450-square-feet at Paloma Village Center,Tucson. The tenant is taking the former Red Monkey Pilates Studio space at 6330 North Campbell Avenue, Tucson, Suites 110 and 120 and will operate a dance studio there. Paloma Village Center, located at the southeast corner of Skyline and Campbell, is anchored by CVS and Flemings. Dave Hammack of Volk Company represented the landlord, D. Wong & Associates-Arizona, L.L.C.[mepr-show rules=”58038″]$35.00 SF/ YR NNN[/mepr-show]

OFFICE – 1605 E. RIVER RD., TUCSON
Agility Spine & Sports Physical Therapy has leased 2,880-square-feet of office space at 1605 E. River Rd. in Tucson. The landlord, Macalu Partners, LLC, was represented by Bruce Suppes with CBRE’s Tucson office. The tenant was represented by Tim DeNiro with Commercial Real Estate Group, LLC.[mepr-show rules=”58038″]$20.50 SF/YR Modified Gross; Tenant Phone: 520-884-9819[/mepr-show]

INDUSTRIAL – 744 E. 46TH ST., TUCSON
Countertop Designs leased 2,540-square-feet at 744 E. 46th St. in Tucson from Rich Rodgers Investment, Inc. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 4240 N. 1ST AVE., TUCSON
Dao’s Investment Inc. leased 2,090-square-feet at Rillito Crossing Marketplace, Tucson. The tenant plans to open Dao’s Tai Pan’s Restaurant, serving Chinese, Vietnamese, and Thai food, in the space. Rillito Crossing Marketplace is located at the northeast corner of First Avenue and Limberlost and is anchored by Sprouts and LA Fitness. Rick Borane and Dave Hammack of Volk Company handled a lease between Rillito Marketplace One, LLC, and Dao’s Investment Inc. [mepr-show rules=”58038″]$28.00 FS/YR NNN[/mepr-show]

OFFICE – 2500 N. TUCSON BLVD., TUCSON
Monroe, McDonough, Brent & Morales, PLLC has leased 1,702-square-feet of office space at 2500 N. Tucson Blvd. The landlord, a joint venture between AEH Investors IV and PMH Investors IV, was represented by David Montijo and Jeff Casper with CBRE’s Tucson. The tenant was represented by Mark Hayes with Tierra Antigua Realty, LLC. [mepr-show rules=”58038″]$17.50 SF/YR Modified Gross; Tenant Phone: 520-325-2000[/mepr-show]

RETAIL – 2485 N. SWAN RD., TUCSON
Connect Wireless has leased 1,400-square-feet of retail space at Cornerstone Plaza located at 2485 N. Swan Rd. in Tucson. The tenant was represented by Jesse Peron and Peter Villaescusa with CBRE’s Tucson office. The landlord, Heights Properties, LLP, was represented by Jim Egan and Ryan Egan with Prime Commercial Real Estate. [mepr-show rules=”58038″]Tenant Phone: 520-299-1453[/mepr-show]

RETAIL – 2800 – 2990 N, CAMPBELL AVE., TUCSON
Jelodon HC has leased 1,383-square-feet at Campbell Plaza Shopping Center located at 2800-2990 N. Campbell Ave. in Tucson. The landlord, Campbell Plaza Two, LLC, was represented by Bruce Suppes with CBRE’s Tucson office. The tenant was represented by Rick Kleiner with Cushman & Wakefield | PICOR Commercial Real Estate Services. [mepr-show rules=”58038″]$18.00 SF/YR NNN; Tenant Phone: 520-886-6620[/mepr-show]

OFFICE – 3295 W. INA RD., TUCSON
Fairway Independent Mortgage Corporation has leased 1,223-square-feet of office space at Ina Executive Center located at 3295 Ina Rd. in Tucson. The tenant was represented by CBRE Tucson’s Bruce Suppes. Ina Executive Center was represented by Tom Nieman with PICOR. [mepr-show rules=”58038″] $17.00 SF/YR Full Service;Tenant Phone: 877-581-9035[/mepr-show]

INDUSTRIAL – 1870 W. PRINCE, TUCSON
Bottle Breacher, LLC leased 1,200-square-feet at 1870 W. Prince, Suite 61 in Tucson from Presson Corporation., Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists 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″] $0.74 SF/MO Modified Gross[/mepr-show]

RETAIL – 1645 W. VALENCIA, TUCSON
Metro PCS leased 1,050-square-feet at 1645 W. Valencia, Suite 107 in Midvale Park Shopping Center in Tucson from Wilcox Center, LLC. Greg Furrier, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Mike Zaven with Hot Spot Properties, Inc. represented the tenant in this transaction. [mepr-show rules=”58038″]$18.00 SF/YR NNN[/mepr-show]

Submit all sales and leases to [email protected].

Login for additional information.