Culver’s and Dutch Bros to Open at Shops on Valencia in Midvale Park of Tucson

TUCSON, Arizona – Kyle Kolsrud, a Culver’s franchisee, closed on a 41,387-square-foot lot at the Shops on Valencia for $1.3 million ($31.40 PSF). This will be the third Culver’s operated by Kolsrud in metro Tucson and to be located at Valencia and Headley in the Midvale Park area.

The seller was Christifulli Companies of Phoenix (Nick Christifulli, member) was represented by Larry Cesare of Broadway Realty & Trust in Tucson.

Culver’s will join a newly finished build-to-suit Dutch Bros that will be opening ‘in two weeks’ here.  This will be the fifth location for expansion-minded Dutch Bro’s in metro Tucson expecting to see more openings soon. Dutch Bros management has announced at the start of 2019 it wants to grow to 800 shops in five years from around 300 stores now.

The Dutch Bros built-to-suit was handled by Marty Olejarczyk (Marty O.) and Jesse Rozio of GPS Retail Advisors in Phoenix and being marketed as a net leased investment sale.

In addition to these confirmed tenants, the center’s broker, Larry Cesare at Broadway Realty & Trust is pre-leasing a 10,000-square-foot building for two tenants that have shown interest in approximately half of the building each.

Kurt Kalocin with SRS Real Estate Partners of Phoenix represented Culver’s in the transaction.

For additional information, Cesare can be reached at 520.584.5804 and Kalocin should be contacted at 602.682.6078.  For more information on the Dutch Bros contact Rozio at 480.603.6892.

To learn more, see RED Comp #6751.

 

 




KFC Closes on Tucson Marketplace at the Bridges Site

TUCSON, Arizona – STRR Investments of Houston (Rehman Ahmed (manager) has closed on a 39,120-square-foot pad at Tucson Marketplace at the Bridges. For $675,000 ($17.25 PSF). The site in located north of the northeast corner of Kino Parkway and Tucson Market Place Blvd.

KFC is joining Mister Car Wash, Discount Tire and Culver’s at this section of the Tucson Marketplace along with a potential Dutch Bros next door. Tucson Marketplace is a 1 million-square-foot mixed use master planned commercial development.

The U.S. chicken chain based in Louisville, KY has been doing something in 2019 that it hasn’t done in 15 years: add more locations. KFC has shrunk by 1,400 locations since 2004 but expects to change direction this year. To do this, the chicken chain is providing incentives to operators who build new units. It is also finding new places to put new restaurants, focusing more on nontraditional locations and eyeing urban, inline locations the chain has abandoned in recent years. While the chain is focused on new units, it is also working to keep closures to a minimum.

Chad Russell and Randy Titzck of Land Advisors Organization in Phoenix represented the Canadian–based seller, Fullerton Tucson Kino Parkway. Greg Saltz, Marty Olejarczyk (Marty O.) and Jesse Rozio with GPS Retail Advisors represent KFC and Dutch Bros in Arizona.

For more information, Russell and Titzck should be contacted at 480.483.8100. Saltz, Olejarczyk, and Rozio can be reached at 480.603.6892.

To learn more, see RED Comp #6774.




Phoenix Lease Report December 19-30, 2016

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from December 19 thru 30, 2016.

INDUSTRIAL – 1888 E BROADWAY RD., TEMPE, AZ
Isy Sonabend and Rick Foss with NAI Horizon represented the landlord, Tempe Partnership, in a 108-month industrial lease for 26,023-square-feet at 1888 E. Broadway Rd., Tempe, AZ. Rick Foss represented the tenant, TDIndustries, Inc.

OFFICE – 1255 W BASELINE RD., TEMPE, AZ
Laurel Lewis of NAI Horizon represented the tenant, Southwest Behavioral Health, in a 51-month office lease with 1255 Baseline, LLC for 8,825-square-feet at 1255 W. Baseline Rd., Mesa, AZ.

RETAIL – MAIN ST & RECKER RD, MESA, AZ
A Retail Lease for 3,544-square-feet within Buckhorn Plaza at NEC of Main St & Recker Rd in Mesa, AZ to Athoria Games was recently consummated. The owner of the center is EC Mesa, LLC.  Jared Lively of Rein & Grossoehme represented the Landlord and Jason Feldman of Arizona Commercial Real Estate represented the Tenant.

RETAIL – 7114 E SAHUARO DR., SCOTTSDALE, AZ
Sharon Reeves with NAI Horizona represented the landlord, Norma Jane Clarke Trust, in a 26-month retail lease with The Lost and Found Resale, LLC for 2,888-square-feet at 7114 E. Sahuaro Dr., Scottsdale, AZ.

OFFICE – 1201 S ALMA SCHOOL RD., MESA, AZ
Laurel Lewis of NAI Horizon represented the tenant, Financial Services, in a 60-month office lease with Mesa Financial Plaza, LLC for 2,770-square-feet at 1201 S. Alma School Rd., Mesa, AZ.

RETAIL – 6663 E McDOWELL RD., MESA, AZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, Breaking Eggs Café, LLC, in a 126-month retail lease for 2,225-square-feet at 6663 E. McDowell Rd., Mesa, AZ. Chris Corso with DeRito Partners, Inc. represented the landlord, Superstition Promenade, LLC.

RETAIL – 1949 W RAY RD., CHANDLER, AZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the landlord, CP6SW, LLC, in a 64-month retail lease for 2,210-square-feet at 1949 W. Ray Rd., Chandler, AZ. Randy Shell with Shell Commercial represented the tenant, SoHo Hair Bar.

RETAIL – 1840 E WARNER RD., TEMPE, AZ
Chris Gerow Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented both the tenant and landlord, Ken’s Nails, in a 126-month retail lease with CP6MF, LLC for 2,100-square-feet at 1840 E. Warner Rd., Tempe, AZ.

RETAIL – SWC UNIVERSITY & LOOP 101, TEMPE, AZ
A Retail Lease for 1,946-square-feet within University 101 Shops at SWC of University & Loop 101 in Tempe, AZ to Brainstorm Escape Room was recently consummated. The owner of the center is 2155 E. University, LLC.  Jared Lively of Rein & Grossoehme represented both the Landlord and the Tenant on this transaction.

RETAIL – 6655 E McDOWELL RD., MESA, AZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, Breaking Eggs Catering, in a 120-month retail lease for 1,657-square-feet at 6655 E. McDowell Rd., Mesa, AZ. Chris Corso with DeRito Partners, Inc. represented the landlord, Superstition Promenade, LLC.

OFFICE – 1144 E McDOWELL RD., PHOENIX, AZ
Tom Bean and Stan Matzinger with NAI Horizon represented the tenant, Arizona Correctional Peace Officers Association, Inc., in a 64-month office lease for 1,603-square-feet at 1144 E. McDowell Rd,, Phoenix, AZ. Philip Wurth with Colliers International represented the landlord, Okanagan Park Holdings, LLC.

RETAIL – 5052 W OLIVE AVE., GLENDALE, AZ
A lease for 1,200-square-feet at the NEC of Olive & 51st Ave to Power Nutrition was recently consummated.  The location of the property is the 5052 West Olive Ave in Glendale, AZ.  Power Nutrition has 3 locations in the metro Phoenix area.  The owner of the center is an LLC formed by West Valley Properties.  Jim Edwards of Rein & Grossoehme Commercial Real Estate represented the Tenant and Patrick Anthon of NAI Horizon represented the Landlord.

RETAIL – 9021 N 51st AVE., GLENDALE, AZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the landlord, CP6GC, LLC, in a 60-month retail lease for 1,200-square-feet at 9021 N. 51st Ave., Glendale, AZ. Jerry Roberts with Triple Net America, LLC represented the tenant, Avalon Massage.

RETAIL – 350 E BASELINE RD., MESA, AZ
A lease for 1,200-square-feet at the NEC of Baseline & Country Club to My Peak Wireless was recently consummated.  The location of the property is the 350 E Baseline Road in Mesa, AZ.  Peak Wireless is new to the valley, but is rapidly expanding.  The owner of the center is CFT NV Developments, LLC.  Jim Edwards of Rein & Grossoehme Commercial Real Estate represented the Landlord and Marty Olejarczyk of GPS Retail Advisors represented the Tenant.

RETAIL – NEC MAIN & RECKER RD., MESA, AZ
A Retail Lease for 1,045-square-feet within Buckhorn Plaza at NEC of Main St & Recker Rd in Mesa, AZ to MetroPCS was recently consummated. The owner of the center is EC Mesa, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and Hayden Duff of HK Realty represented the Tenant.

OFFICE – 1940 E THUNDERBIRD RD., PHOENIX, AZ
Tom Bean with NAI Horizon represented both landlord and tenant, MFPI, LLC, in a 48-month office lease with Marc Business Forms, Inc. for 905-square-feet at 1940 E. Thunderbird Rd., Phoenix, AZ.

OFFICE – 1940 E THUNDERBIRD RD., PHOENIX, AZ
Tom Bean with NAI Horizon represented both landlord and tenant, MFPI, LLC, in a 24-month office lease with Paul G. Severs, PC for 616-square-feet at 1940 E. Thunderbird Rd., Phoenix, AZ.

RETAIL – SWC THUNDERBIRD & TATUM, PHOENIX, AZ
A lease for 600-square-feet at the SWC of Thunderbird & Tatum to Sleeping Beauty Spa & Lash Bar was recently consummated.  The location of the property is the SWC of Thunderbird & Tatum in Phoenix, AZ.  Sleeping Beauty is a single location operator.  The owner of the center is an LLC formed by Joan Pederson.  Jim Edwards of Rein & Grossoehme Commercial Real Estate represented the Tenant and Chris Campbell of Cushman Wakefield represented the landlord.

RETAIL – 1830 E WARNER RD., TEMPE, AZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6MF, LLC, in a 60-month retail lease with Verizon Wireless, LLC for 418-square-feet at 1830 E. Warner Rd., Tempe, AZ.

Email sales and leases to REDailyNews@outlook.com