The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Oct. 16 thru 20, 2017.

OFFICE – 44 E BROADWAY, TUCSON
Community Partners, Inc., has leased 15,000-square-feet of office space at 44 E. Broadway. Ron Schwabe of Peach Properties represented the landlord, and David Volk of CBRE represented the tenant, who will be relocating their headquarters to this downtown location in January.

OFFICE- 3385 N CAMPBELL AVE., TUCSON
Terros Health leased 5,203 square-feet of office space at 3385 N. Campbell Ave in the Rillito Corporate Park. Murray Gares of Ensemble Real Estate represented the tenant. David Montijo and Damian Wilkson of CBRE represented the landlord, HP Enterprises, LLC, in the transaction.

INDUSTRIAL – 3757 E 43^RD PL., TUCSON
Cognition Engineering leased 4,952-square-feet of industrial space at 3757 E. 43^rd Place. Tim Healy and Bob DeLaney of CBRE represented the tenant. Stephen Cohen of Cushman Wakefield | PICOR represented the landlord, Fellers, INC, in the transaction.

OFFICE – 310 S WILLIAMS BLVD., TUCSON
Southern Arizona Family Services leased 4,944-square-feet of office space at 310 S. Williams Boulevard. David Montijo and Damian Wilkinson of CBRE represented the tenant and the landlord, DHS Property investments, in the transaction.

OFFICE – 177 CHURCH AVE., TUCSON
Rescare Workforce Services leased 1,869-square-feet of office space at 177 Church Ave. in the Transamerica Building. Jeff Casper of CBRE represented the tenant. Buzz Isaacson of CBRE represented the landlord, TA Building Corp, in the transaction.

OFFICE – 310 S WILLIMAS BLVD., TUCSON
Southern Arizona Family Services leased an additional 1,570-square-feet of office space at 310 S. Williams Boulevard. David Montijo and Damian Wilkinson of CBRE represented the tenant and the landlord, DHS Property investments, in the transaction.

RETAIL- 11165 N LA CANADA, ORO VALLEY
Title Security Agency leased 1,060-square-feet of retail space at 11165 N. La Canada in the La Canada Neighborhood Center. David Montijo and Damian Wilkinson of CBRE represented the tenant. Pete Villaescusa and Jesse Peron of CBRE represented the landlord, La Canada Retail, LLC, in the transaction.

Submit sale and leases to [email protected].

March office sales totaled $8.9 million, and represented 43% of the office sales for first quarter 2017. The following is a few of those sales:

Siempre Juntos, LLC of Tucson purchased a 10,628-square-foot office building located at 3100 N. Campbell Ave. in Tucson, from Gibeault Office Company, LLC for $1,530,000 ($144 PSF).  Property sold with 2,212-square-feet vacant and a long-term tenant, Leoni Wiring in approximately 8,200-square-feet.

Rick Kleiner, MBA, and Tom Nieman, Office Specialists with Cushman & Wakefield | PICOR handled the transaction.  Rick Kleiner represented the seller, and Tom Nieman represented the buyer.

To learn more, see RED Comp #4693.

415 S. 6^th Avenue, LLC of Tucson (Ron Schwabe, manager) purchased a 15,736-square-foot building situated on 1.0 acre at 415 S. 6th Avenue in Tucson for $1.5 million ($95 PSF). The seller was Saint Augustine Cathedral Roman Catholic Parish.

Pat Welchert, SIOR, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Ron Schwabe with Peach Properties HM, Inc. was self-represented in the transaction.

To learn more, see RED Comp #4685.

Vasquez Construction Company, Inc. of Tucson purchased a 5,440-square-foot medical office building located at 1575 N. Swan Rd. in Tucson, from The Sumwalt Living Trust for $800,000 ($147 PSF) for investment. The property was fully leased at time of sale to three tenants.

Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction and  Chris Tsighis with Coldwell Banker represented the buyer.

To learn more, see RED Comp #4722.

Pinnacle Realty Investors, LLC of Tucson (Jarrett Reidhead, manager) bought the office building at 2430 E 6^th Street in an REO sale from U.S. Bank for $495,000 ($77 PSF). The property was sold 75% occupied by LifeShare. Buyer plans to occupy the remainder of the 6,400-suqare-foot building.

Joe Kimaz of Madison Commercial Properties represented the bank and Tim Bott of Bott-N-Sold Realty was representing the buyer.

To learn more, see RED Comp #4667.

Nardelli Building, LLC of Tucson (Vic Williams, manager) bought the property at 1636 N Swan Road for $475,000 ($51 PSF) from American Cancer Society. The office building is connected the buyer’s adjoining property to the north. Both properties share a common courtyard, elevator and other amenities. Property was formerly occupied by the American Cancer Society and was 100% vacant at time of sale.

Ian Stuart and Wyatt Campbell with CBRE represented the seller in the transaction. Tom Nieman with Cushman & Wakefield is leasing the space for buyer.

To learn more, see RED Comp #4635.

38 Patents, LLC of Tucson (Mike Rollins, member) purchased the Medical Condominium at 1601 N Tucson Blvd. #38 at Tucson Medical Square for $117,500 ($100 PSF). The condo has two offices, kitchen, restroom and storage. Buyer purchased to owner occupy.

Tari Auletta with KW Commercial represented the seller, The Chen Family Living Trust. Kristy Kelley with Long Realty represented the buyer.

To learn more, see RED Comp #4690.

TUCSON, Arizona — The final piece of a public-private partnership between the Rio Nuevo District, Peach Properties (Ron Schwabe, manager) and Dabdoub Investments (Marcel Dabdoub, manager) has been assembled. Schwabe and Dabdoub acquired 123 S Stone Avenue in Tucson for $1.25 million ($116 PSF).

As part of the Public-Private Partnership (P3) project, Rio Nuevo will invest up to $4.4 million dollars in restorations of four iconic buildings, the projected value of which upon completion will be in excess of $19 million dollars. The four downtown properties include The Chicago Store, the Arizona Hotel, the Brings Chapel on South Scott, and 123 South Stone.

Each of the properties will be a mix of retail, food and beverage which the developers estimate will create over $1.3 million dollars per year in direct tax benefit within the District.

Restauranteur Chris Bianco has announced that he will also partner with the developers to keep his highly rated restaurant in downtown Tucson, along with a number of known businesses from EXO Coffee to the restaurant operators behind Obon Sushi were announced as tenants.

To learn more, see RED Comp #4483.

Much of the Peach-Dabdoub presentation for the Downtown Tucson Revitalization of these properties is posted here for viewing.