Tucson Lease Report April 16-20, 2018

Tucson Lease Report April 16-20, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from April 16-20, 2018.

INDUSTRIAL – 3850 E. 44th ST., TUCSON
Aguirre Enterprises, Inc. renewed their lease for 20,364-square-feet at 3850 E. 44th St. in Tucson from CJ Southwest Property Partners, LLC.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 5210 E. WILLIAMS CIRCLE, TUCSON
HBM Prenscia, Inc. leased 13,405-square-feet at 5210 E. Williams Circle, Suite 240 in Tucson, from WC Partners. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $23.50 SF/YR Full Service Gross; Tenant Phone: 520.886.0410[/mepr-show]

INDUSTRIAL – 3600 S. PALO VERDE RD., TUCSON
Single Source, Inc. leased 5,520-square-feet in Palo Verde Business Park located at 3600 S. Palo Verde Rd., Suites 108-109 in Tucson, from Block One Property, LLC.  Rob Glaser, SIOR CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant; Tim Healy with CBRE, represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $8.16 SF/YR Modified Gross[/mepr-show]

INDUSTRIAL – 1635 S. RESEARCH LOOP, TUCSON
Arizona Powder Supply, Inc. leased 5,242-square-feet in Eastside Research Commerce Center located at 1635 S. Research Loop, Suites 309-311 in Tucson, from Presson PV, LLC. Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $8.16 – $8.40 SF/YR Modified Gross; Tenant Phone: 520.749.5463[/mepr-show]

RETAIL – 2500 N. SILVERBELL RD., TUCSON
AF Tucson Metro, LLC leased 4,444-square-feet in Silverbell Plaza at 2500 N. Silverbell Rd., Suite 100 in Tucson, from Massapequa Associates, LLC.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord; Becky Schultz with Franchise Real Estate, represented the tenant.

RETAIL – 10615 N. ORACLE RD., TUCSON
Starbucks Corporation leased 3,798-square-feet at 10615 N. Oracle Rd. in Tucson, from Scaletta Properties.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.  Paul Schloss and David Dutson with NAI Horizon represented the landlord.

RETAIL – 93 W. 5th ST., DOUGLAS
Russell Verizon Cellular, Inc. leased 3,010-square-feet in the former Radio Shack building located at 93 W. 5th St. in Douglas, AZ, from George Deukmejian.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3961 E. SPEEDWAY BLVD., TUCSON
Elontec, LLC leased 2,315-square-feet in Central Point Business Plaza, 3961 E. Speedway Blvd., Suites 414-415 in Tucson, from Central Point Tucson, LLC.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $6.50 SF/YR NNN[/mepr-show]

OFFICE – 3100 N. CAMPBELL AVE., TUCSON
DPR Construction leased 2,212-square-feet of office space at 3100 N. Campbell Ave., Suite 102 in Tucson, from Siempre Juntos, LLC.  Rick Kleiner, MBA, and Tom Nieman, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord; Isaac Figueroa, CCIM, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.300.4734[/mepr-show]

INDUSTRIAL – 1660 S. RESEARCH LOOP, TUCSON
Derek and Milissa Jordan leased 2,180-square-feet in Clairemont Plaza at 1660 S. Research Loop, Suite 110 in Tucson, from Clairemont Partners, LLC. Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 2932 E. BROADWAY BLVD., TUCSON
Yong Sheng Herbs leased 2,000-square-feet at 2932 E. Broadway Blvd. in Tucson, from LMG Investments, LP.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $10.50 SF/YR NNN; Tenant Phone: 520.325.6829[/mepr-show]

RETAIL – NE CORNER of HARRISON RD and BROADWAY BLVD, TUCSON
S & C Sushi Nara, Inc. leased 1,950-square-feet in the Broadway Albertsons Shopping Center, located at the northeast corner of Harrison Rd. and Broadway Blvd., from JDJK Investments, LLP.  Greg Furrier and Rob Tomlinson, with Cushman & Wakefield | PICOR, represented the landlord; Ron Zimmerman, with Cushman & Wakefield | PICOR, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.296.3333[/mepr-show]

RETAIL – 7972 N. ORACLE RD., TUCSON
JKL Pilates, LLC leased 1,750-square-feet at 7972 N. Oracle Rd., in the Trader Joe’s Shopping Center located at Oracle and Magee Rds., from HJ Tucson, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.  Jesse Peron and Peter Villaescusa with CBRE, represented the landlord.

INDUSTRIAL – 6107 N. TRAVEL CENTER DR., TUCSON
Cummings Plumbing, Inc. leased a 1,680-square-foot industrial building situated on 1.53 acres at 6107 N. Travel Center Dr. in Tucson, from Frost Holding Company, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the tenant; Jeramy Price with Volk Company, represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.293.6900[/mepr-show]

RETAIL – COLOSSAL CAVE RD. & MARY ANN CLEVELAND WAY, VAIL
B & Q Nails leased 1,500-square-feet in the new Vail Safeway Shopping Center, located at Colossal Cave Rd. and Mary Ann Cleveland Way, from Vail-SSC, LLC.   Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord; Juan Teran with Realty Executives Tucson Elite, represented the tenant.

INDUSTRIAL – 850 E. OHIO ST., TUCSON
H & H Electrical 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. [mepr-show rules=”58038″]Tenant Phone: 520.298.3189[/mepr-show]

INDUSTRIAL – 850 E. OHIO ST., TUCSON
Lavish Metal Works, LLC leased 1,390-square-feet at 850 E. Ohio St., Suite 18 in Tucson, from RRL, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 3710 S. PARK AVE., TUCSON
Pammy D, LLC, dba Valladolid Agency, a Farmers Insurance Agent, leased 1,200-square-feet at 3710 S. Park Ave., Suite 704 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: 520.622.7619[/mepr-show]

INDUSTRIAL – 3820 E. 44th ST., TUCSON
Tucson CFS, LLC leased 1,100-square-feet at 3820 E. 44th St., Suite 410 in Tucson, from RR44, Inc. Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 2262 W. MAGEE RD., TUCSON
Burrell College of Osteopathic Medicine, LLC leased 770-square-feet of medical office space in Magee Center, located at 2262 W. Magee Rd., Suite 201 in Tucson, from MJ 96, LLC.  Isaac Figueroa, CCIM, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 180 W. MAGEE RD., TUCSON
Catalina Transportation Services, Inc., leased approximately 675-square-feet of office space located at 180 W. Magee Road, Suite 116, Tucson, Arizona, from WVLC, LLC. Michael Gross and Doug Richardson of Tucson Realty & Trust Co. represented the Landlord in the transaction. [mepr-show rules=”58038″]Asking lease rate: $18.50 SF/YR Modified Gross; Tenant Phone: 520.624.5466[/mepr-show]

OFFICE – 6303 E. TANQUE VERDE, TUCSON
Up Top Apps, LLC, leased approximately 674-square-feet of office space located at 6303 E. Tanque Verde, Suite 360, Tucson, Arizona, from 6303 Tanque Verde, LLC. Michael Gross of Tucson Realty & Trust Co. represented the Landlord and Mark Biery of Berkshire Hathaway represented the Tenant in the transaction. [mepr-show rules=”58038″]Asking lease rate: $16.00 – $16.75 SF/YR Full Service Gross[/mepr-show]

OFFICE – 200 W. MAGEE RD., TUCSON
Suncrest Wealth Management, LLP, leased approximately 527-square-feet of office space located at 200 W. Magee Road, Suite 120, Tucson Arizona, from WVLC, LLC. Michael Gross and Doug Richardson of Tucson Realty & Trust Co. represented the Landlord in the transaction.[mepr-show rules=”58038″] Tenant Phone: 520.989.9798[/mepr-show]

Login to learn more about these transactions.

Send sales and leases to REDailyNews@Outlook.com




Lender Owned Dove Mountain Retail Center Sells for $6 Million

Dove MOuntain Center
12000 – 12130 N Dove Mountain Blvd, Marana

The Dove Mountain Retail Center, an upscale neighborhood shopping center at 12000 – 12130 N Dove Mountain Blvd in Marana, at the northeast corner of Tangerine Road and Dove Mountain Blvd, sold by lender for $6 million ($72.77 PSF) in an REO sale. The former grocery-anchor space and inline shops total 82,450-square-feet (built 2006) on 13.72 acres.

The Dove Mountain Retail Center includes shops such as Wells Fargo, Walgreens, Vero Amore, Plexus Pilates, Dove Mountain Cleaners, Northwest Medical Center, Long Realty, and Dove Mountain Grill.

Dove MOuntain Center aerial
Dove Mountain Center Aerial

Available at time of sale was the 54,727-square-foot anchor and 28,407-square-feet of inline space. The property was 26% leased at time of sale.

Mindy Korth, executive vice president, and Kirk Kuller, vice president, both of Colliers International, represented the seller. Paul Schloss of Bourne Advisory Services, LLC of Tucson represented the buyer.

To learn more Korth and Kuller can be reached at 602.222.5000 and Schloss is at 520.323.1005.

 




Panda Express to ‘Make Life Delicious’ at Houghton Town Center

Photo Panda Express
Photo Panda Express

Panda Express has purchased a 34,106 square foot pad at Houghton Town Center for $615,000 ($18 PSF). It will be joining Walmart and Discount Tire there along with other multitenant shop space planned for next summer by a joint venture with Bourn Partners and Diamond Ventures. At full build-out Houghton Town Center at the southwest corner of Old Vail Road and Houghton in Southwest Tucson will total approximately 750,000 square-feet on 85 acres.

This article has been archived, please login for access or subscribe now by going to the subscribe tab at the top of page.

[mepr-show rules=”58038″]Panda Express celebrates its 30th anniversary this year, with 23,000 associates and over 1,600 stores in 48 States and abroad.

“Our goal is to make life delicious,” says Andrew Cherng, co-founder and CEO of Panda Express in a statement when introducing the “Make Life Delicious” slogan.

The U.S. restaurant industry in their equivalent to the Fortune 500 list published each year by QSR magazine ranks the 50 largest quick service and fast casual restaurant chains in terms of total annual U.S. domestic revenue. Panda Express has been the world leader in the Asian dining experiences category for several years.

In 2012, Panda served nearly 70 million pounds of its classic, white long-grain fried rice. That’s enough to fill 158 Olympic-size swimming pools.

It all started forty years ago, when Andrew Cherng and his father, master chef Ming-Tsai Cherng, opened the first Panda Inn in Southern California, their vision was to serve upscale, authentic Chinese cuisine, offering the opportunity for guests to connect over a traditional meal.

In 1983, Andrew took the opportunity for inspired Chinese cuisine, and along with his wife, Peggy, opened the first Panda Express at the Glendale Galleria in Southern California.

As Panda Express hit significant growth milestones, including opening its 100th store in 1992, 500th in 2002, and 1,500th in 2012, the company reaffirmed its commitment to people development by implementing the “2020 Vision.”

Panda Restaurant Group’s 2020 Vision is for the company to be the world leader in people development, providing growth opportunities for Panda Restaurant Group’s more than 23,000 associates to continuously better their lives, both personally and professionally.

“We are honored to have found success by empowering our associates to learn, grow, and achieve their potential,” Andrew Cherng said earlier this year. “As Panda Restaurant Group continues its journey, we reaffirm our commitment to providing each of our associates with the opportunity to thrive, and each of our guests a satisfying meal and enjoyable experience.”
In 1999, Panda Cares was launched as a company-wide community involvement initiative that provides food, funding, and volunteer services to children’s organizations, disaster relief, and other worthy causes. To date, Panda Cares has given millions of dollars of in-kind donations to numerous nonprofit organizations, schools, and hospitals.

Whether providing an adventurous taste for each guests’ palate, or hosting monthly learning sessions at corporate headquarters, each aspect of Panda Restaurant Group pays homage to the original vision of the very first Panda Inn which opened in 1973: to “Make Life Delicious.”

This will be the 17th location in Tucson for Panda Express.

Paul Schloss and Alan Tanner with Bourn Partners in Tucson represented the developer, Houghton Developers LLC while Pete Villaescusa and Jesse Peron with CBRE of Tucson represented the buyer.

Schloss and Tanner should be reached at (520) 323-1005. Villaescusa and Peron can be contacted at (520) 323-5100.[/mepr-show]
[ismember]Sale Date: 8/29/2013. All cash transaction [/ismember]