Sahuarita, Arizona — Wadsworth Development Group in partnership with Accelerated Development Services held a ribbon cutting and grand opening ceremony Monday at The Crossing at Sahuarita Shopping Center in Sahuarita, Arizona.

The 150,000-square-foot center boasts a Sprouts Farmers Market, TJ Maxx, PetSmart, Beall’s Outlet, and several restaurants and shops to compliment the diverse tenant mix.  The project is located at the southeast corner of Nogales Highway and Abrego Drive in Sahuarita, Arizona, which is about 20 minutes south of Tucson.

Sahuarita Mayor, Tom Murphy cut the ribbon to the delight of the dozens of guests and spoke to the attendees.  “This is an exciting day for Sahuarita.  Things are heating up both figuratively and literally,” he said.  “It has always been the vision of the Town Council to be business friendly and think outside the box in how to get things done, and how to get more retail and jobs in the area.  This shopping center is one great example.”

The ownership group purchased the land in 2017 and soon developed the plans for the center, which spans 18 acres.  “I want to thank the entire team that made this project come to fruition,” said Kip Wadsworth, President of Wadsworth Development Group.  “From inception, to entitlements, zoning, construction and leasing the team, all worked tirelessly to meet deadlines and help the tenants open on time,” he added.

The Town of Sahuarita was instrumental in working through the steps in the development process to bring about the final project in record time.  “It was a pleasurable and enjoyable experience working with all town staff members from top to bottom in planning and zoning. Each and every town department provided a smooth transition from the start to the end of our entitlement process.  The vision for Sahuarita Crossing was an expedited and smooth process which could not have made without their extra efforts,” said Trey Eakin, Senior Vice President of Accelerated Development Services.

Velocity Retail Group leads the leasing team for the ownership group which also includes Brenna Lacey and Kevin Volk of The Volk Company as co-listing agents.  “The shopping center has experienced high customer volumes since Sprouts opened at the end of February. We will have additional tenant announcements soon that should please the residents in the area,” said Dave Cheatham, President of Velocity Retail Group.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from February 16 thru 20, 2015.

INDUSTRIAL – 2201 N. FORBES BLVD., TUCSON, AZ.
Schletter, Inc. subleased 29,295-square-feet at 2201 N. Forbes Blvd. in Tucson from Carondelet Health Network.  Schletter’s 1,500 employees have globally designed, developed and produced solar mounting systems for more than 8 GW of installed module capacity on roofs and ground mounted systems. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.624.9090[/mepr-show]

INDUSTRIAL – 925 W. GRANT RD., TUCSON, AZ.
CTP Carrerra, Inc., dba Carclo Technical Plastics leased 9,510-square-feet at 925 W. Grant Road in Tucson from Joyce Scampa and Northcross Family Trust.  Carclo Technical Plastics provides injection moulding and contract manufacturing services for medical, optics, and electronics applications.  Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.622.8111[/mepr-show]

RETAIL – 7090 N. ORACLE RD., TUCSON, AZ.
Petsmart, Inc. has leased 6,015-square-feet at 7090 N. Oracle Rd. Peter Villaescusa and Jesse Peron with CBRE’s Tucson office represented the landlord. David Uhles with Western Retail Advisors represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $18.00 – $25.00 SF YR NNN[/mepr-show]

RETAIL – 5601 E. BROADWAY BLVD., TUCSON, AZ.
El Pollo Loco, Inc. has leased 2,973-square-feet at 5601 E. Broadway Blvd. from Broadway Festival, in Tucson. Neil Board with Western Retail Advisors of Arizona represented the tenant. The landlord was represented by Nancy McClure, John Ash and Michael Laatsch with CBRE’s Tucson office.  [mepr-show rules=”58038″]Asking lease rate: $36.00 – $38.00 SF YR NNN; Tenant Phone: 714.599.5000 (Corporate)[/mepr-show]

INDUSTRIAL – 3534 – 3538 N. ROMERO RD., TUCSON, AZ.
Roy M. and Antoinette C. Alvarez, dba Titan Restoration of Tucson, Inc., renewed their lease for 1,500-square-feet at 3534 – 3538 N. Romero Rd., Suite 184 in Tucson from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.888.4826[/mepr-show]

RETAIL – 4036 N. 1^ST AVE., TUCSON, AZ.
Great Clips has signed a lease for 1,100-square-feet in the new Shoppes at 1^st & Roger located at the northeast corner of 1^st Avenue and Roger Road, Tucson, AZ. This new store will be Great Clips’15th store in the Tucson Area. The Chain has approximately 3,500 stores throughout the U.S. and Canada. This store is expected to open November 1, 2015. Shoppes at 1^st and Roger is Brentwood Development Company’s second shopping center in Tucson. This will be an 11,000-square-foot expansion of the existing shopping center, anchored by a 75,000 square foot Fry’s Food & Drug Store. Brentwood Development Company is based in Alberta, Canada and has a US office in Sacramento, California.

Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, Brentwood Developments (California), Inc., and Rob Gillette of Gillette Commercial, Inc. represented the Tenant, Great Clips, in this lease transaction. Tenant Phone: 425.821.3519 (Corporate)

OFFICE – 10132 N. ORACLE RD., TUCSON, AZ.
John Lebbs, CPA has leased 800-square-feet at 10132 N. Oracle Road from CJR Investments LLC. The landlord and tenant were both represented by Bruce Suppes with CBRE’s Tucson office.  [mepr-show rules=”58038″]Tenant Phone: 520.399.8288[/mepr-show]

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BEACHWOOD, Ohio, DDR Corp. (NYSE: DDR) the owner and manager of 396 value-oriented shopping centers including Tucson Spectrum and representing 108-million-square-feet in 39 states and Puerto Rico announced Thursday the commencement of a multi-year proactive lease termination initiative aimed at recapturing high-quality anchor store locations across its portfolio.

Through this initiative, DDR is collaborating with retailers in the books, electronics, toys, office and traditional department store categories to right-size their real estate footprints by regaining control of locations in advance of natural lease expiration, where the Company can remerchandise its prime assets with market-share-winning tenants while realizing mark-to-market rental upside of 30-40%.

During the first phase of this initiative, DDR has identified 90 anchor locations, representing 3.3-million-square-feet of prime retail space that meet the Company’s criteria for accretive recapture. Of these leases, DDR has finalized terms to recapture 21 locations, representing 550,000-square-feet primarily located in Boston, Cleveland, Denver, Orlando, Phoenix, Raleigh and San Antonio.

“This initiative demonstrates our ability to create organic growth opportunities for our best-in-class retail partners regardless of current portfolio leased rate,” said Paul Freddo, senior executive vice president of leasing and development for DDR. “Recapturing below-market leases represents an incremental growth opportunity to upgrade asset-level merchandise mix and NOI growth profiles, while simultaneously expanding redevelopment opportunities that will further enhance the quality of our portfolio.”

Demand for new store growth from retailers such as Nordstrom Rack, Sprouts Farmers Market, Ulta, Whole Foods, Five Below, HomeGoods, Fresh Market, Marshalls, Trader Joe’s, White House Black Market, Gap Factory, Shoe Carnival, PetSmart and Carter’s represent a select group of merchants that DDR is in discussions with to backfill the recaptured locations. While 2014 will represent the initial period of acquisition, due to typical retailer black-out periods, the benefits of the remerchandising and mark-to-market opportunities will commence the second half of 2015.

The Company’s assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company.