TUCSON, ARIZONA – HZ Props RE, Ltd. of Sugar Land, Texas bought .61 acres at the northeast corner of Speedway and Stone in central Tucson for $800,000 ($30 PSF) for a built-to-suit Popeyes Louisiana Kitchen restaurant.

The buyer plans to construct an approximately 3,000-square-foot Popeyes on the site. This will be the fifth restaurant for the chain in metro Tucson

Burger King and Tim Hortons’ parent company Restaurant Brands International (RBI) acquired Popeyes earlier this year for $1.8 billion.  The Popeyes Louisiana Kitchen acquisition added 2,600 outlets to its portfolio which already included Taco Bell, Pizza Hut and KFC with more than 40,000 stores worldwide.

Popeyes was growing like gangbusters before the acquisition by RBI and are now experiencing international growth as well.

Rob Tomlinson of Cushman & Wakefield | Picor in Tucson represented the seller, Speedway Stone Associated of Tucson (Evan Wallach, manager).

Dave Cheatham and Darren Pitts with Velocity Retail Group of Phoenix represented the developer, HZ Props RE.

For additional information, Tomlinson should be reached at 520.546.2757;  Cheatham and Pitts can be contacted at 602.682.6050.

To learn more, see RED Comp #5206.

TUCSON, Arizona — Tucson Marketplace at the Bridges is at Kino and I-10 in the southern submarket of Tucson. This 114-acre project anchored by Costco and Walmart will have approximately 1 million-square-feet of shops, pads, entertainment and anchors when fully completed. It has experienced some exceptional growth this past year.

Costco and Walmart were already joined by McDonald’s, Great Clips, Mattress Firm, Sports Clips, Sprint, Verizon, and Starbuck’s. This past year delivered a 25,000-square-foot Planet Fitness and a 53,678-square-foot Century Theatre with 14 screens in addition to a 12,550-square-foot Lin’s Chinese Buffet. A 30,000-square-foot Dave & Buster’s getting ready to tentatively open April 10^th.

Recently, Texas-based, Global New Millennium Partners purchased a 2.8-acre pad for construction of a 2,844-square-foot Popeye’s Restaurant with an addition 1,000-square-foot patio. The developer paid $860,000 ($7.00 PSF) for the pad.

Popeye’s restaurant is known for its New Orleans style menu featuring spicy Bonafide^® Chicken, Handcrafted Tenders and fried shrimp as well as jambalaya, red beans and rice and signature buttermilk biscuits. This will be Popeye’s fifth location in the Tucson metro area.

Randolph Titzck and Chad Russell with Land Advisors Organization in Phoenix represented the seller, Fullerton Properties of Toronto, Ontario, Canada. Dave Cheatham and Darren Pitts with Velocity Retail Group in Phoenix represented the buyer.

For additional information, Titzck and Russell should be reached at 480.483.8100. Pitts can be contacted at 602.682.6050 and Cheatham is at 602.682.6060.

To learn more, see RED Comp #4435.