Aztera Properties, LLC (Manny Teran, manager) purchased an approximately 30,000-square-foot office/manufacturing facility in two buildings at 1120-1140 N Anita Avenue in Tucson for $1.25 million ($42 PSF). The property is at I-10 and Speedway Boulevard in Central Tucson and formerly occupied by Victory Motorcycles.

Technology innovation is the driving force of Aztera, and with four sister companies currently under one 5,000-square-foot roof, the company is expanding into what Teran calls a “hub of innovation”. From thermostat interfaces, to flow batteries and solar enhancements, the company provides diverse technological solutions to specialized problems with a team of mechanical, electrical, and software engineers.

In 2011, Teran realized there was a need for customer-focused technology development, and he launched Aztera to respond. The company worked closely with Tech Launch Arizona (TLA) in creating a domain list of experts. TLA under the leadership of Dr. David Allen works with technology companies to commercialize UA technologies and facilitate industry-sponsored research. Aztera worked with TLA to compile a list of 13,000 domain experts who could be called on for specific expertise as the need rises.

For instance, when two TMC nurses approached Aztera with a better idea on how bed-ridden patients could be turned using technology, instead of the current lumbersome pillows and a sheet method, the TiltRite patient turning system was engineered and developed.

Acomni, another sister company, developed a Wi-Fi enabled HVAC monitoring device that allows users to visualize their energy expenses. Users have complete control over the unit and interfacing to the power grid. Power companies can then smooth out power use throughout the gird.

BrockTek, a company purchased by Aztera three months ago, has developed a product called Sun Sweep, a system used to clean solar panels in large commercial solar fields without the use of water. Space for manufacturing of Sun Sweep will be done at the new facility.

BrockTek also has an unmanned aerial and ground systems design and manufacturing company. The company provides complete solutions for aerial and ground data gathering, processing, and analysis in order to deliver strategic and actionable information to clients in military and defense, as well as across a variety of civilian sectors. The BrockTek team is comprised of highly specialized and diverse skillsets in systems design & integration, research & development, composites, custom machining, custom software design, and CAD modeling.

Engineer and entrepreneur, Manny Teran told us, “The two buildings purchased will become a hub of innovation, with manufacturing in the building to the north and offices in the southern building, separated by an installation of solar panels and a few Tesla battery stations on just over 2 acres.”

Gary and Randy Emerson of GRE Partners, LLC represented the seller, the co-trustees of the Louis W. Barassi Revocable Trust of Tucson and Bob Davis of Tango Commercial Real Estate (formerly of Rein & Grossoehme) represented the buyer.

To learn more the Emersons can be reached at 520.777.4949 and Davis cam be reached at 520.906.5682.

For more details on the products being marketed by Aztera go the the websites https://www.acomni.com/, https://www.brocktekus.com/, and https://www.tiltrite.com/ for more information.

Details on this sale transaction can be found at RED Comp #3262.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from November 10-14, 2014.

RETAIL – 3202 N. ORACLE RD., TUCSON, AZ
QuikTrip has leased space at Oracle Ft. Lowell Center, located on the NE corner of Oracle Rd. & Ft. Lowell Rd.  The Premises will be used as a convenience store with the sales of fuel and related products and services.  They are scheduled to open for business in the summer of 2015. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Randy Emerson, of GRE Partners represented the Tenant.

OFFICE – 3939 S. PARK AVE., TUCSON, AZ.
Assurance Health and Wellness Inc. has leased 9,657-square-feet of office/warehouse space at 3939 S. Park from Foothills Business Ventures Inc.  Gary Emerson of GRE Partners, Inc. represented the Landlord and Joe Nehls of SunVest Commercial Inc. represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.333.4320[/mepr-show]

OFFICE – 899 N. WILMOT RD., TUCSON, AZ.
Marana Health Center has newly leased 4,401-square-feet and a 5,601-square-foot lease extension at 899 N. Wilmot Road, from Holland Arizona Investments, LLC. Growing Marana Health Center extended their existing 5,601 sq ft lease and expanded further with an additional 4,401 sq ft new lease.  Lori Casey and Doug Marsh of Oxford Realty Advisors represented the Tenant and Landlord in the transaction. [mepr-show rules=”58038″]$15.50 SF/YR Full Service; Tenant Phone: 520.682.4111[/mepr-show]

RETAIL – 7050 E. BROADWAY BLVD., TUCSON, AZ.
R & S Mattress leased 4,270-square-feet at 7050 E. Broadway in Tucson from 7050 E. Broadway, LLC.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant. Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]$12.00 SF/YR NNN[/mepr-show]

INDUSTRIAL – 3865 E. 34^th ST., TUCSON, AZ.
Stewart Title and Trust of Tucson renewed their lease for 2,200-square-feet at 3865 E. 34th St., Suite 108 in Tucson from A & P Investments.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 6216 E. SPEEDWAY BLVD., TUCSON, AZ.
Creations Boutique leased 1,625-square-feet in the Monterey Village Center at 6216 E. Speedway in Tucson from Monterey Village, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 850 E. OHIO ST., TUCSON, AZ
Korridor Beverage Systems leased 1,390-square-feet at 850 E. Ohio, Suite 1 in Tucson from Rich Rodgers Investments, Inc. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]$0.43 SF/ MO Modified Gross; Tenant Phone: 888.520.3613[/mepr-show]

RETAIL – 2221 E. FRONTAGE RD., TUBAC, AZ.
Edward Jones leased 750-square-feet in La Entrada de Tubac, located at 2221 E. Frontage Rd., Bldg. E, Suite 203 in Tubac from Windward Partners XIII, LLC. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. Edward Jones is an investment firm that is a leader in the financial-services industry with over 11,000 offices.

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The City of Tucson finalized the sale on Oct 16 of 6.45 acres of land at the northeast corner of 22nd Street and I-10 for $1,602,001 ($5.70 PSF). The buyer 22^nd Street Land LLC (Lowell Carhart, principal) of Honolulu, HI an affiliate of Eons Expos intends to build the first gem show condominium and exhibition hall, ‘The 22nd Street Expo Coop’, on this site. This $12 million project looks to break ground in February 2016 and the buyer envisions it becoming ‘ground zero for the Tucson Mineral, Fossil, and Gem & Jewelry Showcase’.

Architect Rob Paulus says the project is a unique opportunity to create an iconic exposition facility that provides permanent exhibition space for the worlds largest Gem and Mineral Show. The 150,000-square-feet, 3-story project will accommodate a wide range and variety of events throughout the year to become a place-defining venue that enhances the city, the community and the surrounding neighborhoods.

The project which is in proximity to adjacent historic rail lines, will take the design approach cue from a wide open, long-span train shed to give the project form and metaphorically tie into the history of the site and the nearby 1905 Train Roundhouse.

The first and second floors will be dedicated space for year round Gem and Mineral Show use, with (86) 20′ x 40′ gem show ‘selling rooms’ for dealers to purchase as business condominiums.

The entire building and site will tie directly into the El Paso and Southwestern Greenway to integrate and flow into the adjacent neighborhood and downtown while also promoting transportation by foot and pedal. It is located a walkable distance of 21,000 ft. from the Sun Link Streetcar route.

While the upper, 50,000-square-feet third floor will provide flexible area for a wide variety of year round events and conferences from large and small. The gently sweeping curve of the West façade will become an ever changing canvas of colored light and projected image to allow each event to customize the entire façade to suit the mood of the desired experience. This will not only create a dynamic visual for events happening at the project but will allow the 500 foot long building to become a welcoming icon for the entire city visible from the adjacent Interstate 10.

However, come Gem Show time, the top floor will host the high-end Annex of the 22nd Street Mineral & Fossil Show, which will also continue in its existing 100′ x 600′ adjacent tent. Therefore, dealers will soon have a choice to own their condo in Tucson’s premier location, or choose between renting a booth in the high-end top floor Annex of the 22nd Street Co-Op, or one in the more affordable 22nd Street Mineral & Fossil Show tent. Upon project completion there will be space for 500 dealers.

The buyer hopes to pre-sell 50 of the condo spaces at this year’s Gem Show in January for $150,000 each, or $170 PSF, to vendors who are currently paying upwards of $70 PSF for temporary space at the gem show. Pre-sales of $8 million are needed to bridge a construction loan.

Ian Stuart, Ben Becker and Adam Becker with CBRE of Tucson represented the City of Tucson and can be reached at 520.323.5100.

Randy Emerson with GRE Partners of Tucson represented the buyer and also has the assignment to handle the future condo sales. To learn more Emerson should be contacted at 520.396.4812 or at remerson@grepartners.com or view marketing proposal here 22nd street coop proposal.