TUCSON, ARIZONA — Vermeer Sales Southwest, Inc. leased 1790 West Sahuaro Drive in Tucson, a 7,853-square- foot industrial building with approximately 1.27 acres from South Central Properties of Texas, Inc.

Vermeer Southwest has had a continuous presence in the southwest United States serving Arizona, New Mexico, and greater Las Vegas since 1989, and now proudly serve the southern New Mexico and West Texas area with our El Paso location. It carries the full-line of Vermeer industrial equipment and partners with seven ancillary brands to offer convenient one-stop shopping; Sherrill, McLaughlin, Vac-Tron, Yanmar, Atlas Copco, DCI and Felling Trailers. It supports products with dedicated, factory-trained sales staff, with an extensive parts inventory, experienced service technicians, and top-notch service facilities.

Vermeer Southwest has many years of experience supplying industrial equipment that can stand up to the most diverse and roughest working conditions the Southwest has to offer. Vermeer Southwest has received the Dealer Platinum Award, the highest award Vermeer Corporation offers, for eleven years beginning in 1999. This accomplishment earned Vermeer Southwest an induction into the Vermeer Hall of Fame. At Vermeer Southwest, it is all about customers and it prides itself on offering consistently exceptional customer service.

Its parts departments are stocked with genuine Vermeer parts and accessories and its parts specialists have access to the most accurate and up-to-date parts manuals through Vermeer’s online parts catalog system. It’s the right tool to find the parts you need. The service departments have decades of experience supporting Vermeer and other industrial equipment. Through Vermeer University Service Technician Certification Program, service technicians are trained and tested in the latest skills and technologies. With conveniently located service centers and a fleet of fully-equipped service trucks, Vermeer Southwest can service equipment anywhere in the Southwest.

Dean P. Cotlow of Cotlow Company represented the landlord and David Carroll of Romano Real Estate Corporation represented the tenant.

To learn more, Cotlow can be reached at 520.881.8180 and Carroll should be contacted at 520.577.1000

[mepr-show rules=”58038″]Reported to us Jan. 7, 2019. Asking lease rate: 9.36 / SF / Industrial Gross[/mepr-show]

PHOENIX, ARIZONA – Romano Real Estate of Tucson announced this week the sale of the Pavilions Shopping Center in Mesa for $15.3 million ($123.07 PSF). The 129,601-square-foot mixed-use neighborhood retail center was built in 1986 on 10.41 acres of land located at 1837-1955 W Guadalupe Road in Mesa, Arizona, at the southeast corner of Dobson and Guadalupe Roads.

David Carroll and John Yarborough with Romano Real Estate Corporation represented the seller, Pavilions Shopping Center Limited Partnership, and David Jarand with Strategic Retail and West Valley Properties, Inc., dba West Valley Arizona represented the California investor, CP6PV, LLC.

The property sold 98% occupied with a variety of tenants that include five quality restaurants (including Native Grill & Wings, La Famiglia Pizza & Pasta, Barbeque House, and Pink Pepper Thai Cuisine), an event center, fitness & dance uses (including Anytime Fitness), furniture uses, both medical and office uses (including Banner Urgent Care), fashion boutiques, and several other complimentary uses.

The cap rate on 2018 scheduled income was 7.69%.

Romano Real Estate Corporation took over the leasing of the property in 2016 and leased nearly 37,000-square-feet in the Center bringing the occupancy level up to 98%. Many of the leases are still below market rents, allowing the investor a “Value Added” opportunity.

“The leasing effort lead to the sale of property,” said Carroll. “In 2016, when we took over the property, it was 75% occupied. We then leased approximately 32,000-square-feet at the center to ‘Amazon-proof’ type of tenants to bring it up to the stabilized 98% occupancy it sold at.”

Romano is active with other retail centers in the Phoenix and Tucson markets.

For more information, Carroll should be reached at 520.577.1000 ext. 7114 and Yarborough is at 520.577.1000 ext. 117.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from May 7-11, 2018.

INDUSTRIAL – 702 E 17^TH STREET, TUCSON
Solar Gain, Inc. leased 18,751-square-feet at 702 E. 17^th St. in Tucson, from Intermediate Village, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord; John Yarborough with Romano Real Estate, represented the tenant.

OFFICE – 5255 E WILLIAMS CIRCLE STE.2020, TUCSON
P3 Health Partners, LLC leased 6,961-square-feet at 5255 E. Williams Circle, Suite 2020 in Tucson, from The Colton Company.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $28 PSF / full service[/mepr-show]

INDUSTRIAL – 1141 W GRANT ROAD, STE 100, TUCSON
La Frontera Center, Inc. renewed their lease for 6,526-square-feet in Grant Interstate Commons, 1141 W. Grant Road, Suite 100 in Tucson, from the Sloat Family Partnership, LLLP.   Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate $7.08 PSF / Industrial Gross[/mepr-show]

INDUSTRIAL – 3865 N BUSINESS CENTER DR. STE 121, TUCSON
Timberlake Cabinetry, a division of American Woodmark Corporation, leased 4,304-square-feet at 3865 N. Business Center Dr., Suites 121 in Tucson, from NTBC Trust Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord; Tim Healy with CBRE, represented the tenant.

OFFICE – 1500 N WILMOT ROAD, STE B250, TUCSON
Craig G. Gross, M.D., P.C. and Gary P. Gottleib, M.D., P.C. leased 3,762-square- feet at 1500 N. Wilmot Rd., Suite B250 in Tucson, from TMC Holdings, Inc.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord; Gordon Wagner with NAI Horizon, represented the tenant.

FLEX INDUSTRIAL – 4555 S PALO VERDE ROAD, STE 131, TUCSON
Special Needs Solutions, Inc. leased 3,660-square-feet in Butterfield Business Park, 4555 S. Palo Verde Rd., Suite 131 in Tucson, from Presson Equity Partners, LLP.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1621 W GRANT ROAD, TUCSON
Carlos and Jose Hernandez leased 3,600-square-feet at 1621 W. Grant Rd. in Tucson, from Rodgers Hoge Partners.   Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the landlord; Denisse Angulo-Badilla, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant.

INDUSTRIAL – 1684 S RESEARCH LOOP, STE. 550, TUCSON
Divine Joy Yoga leased 2,480-square-feet in Clairemont Plaza, 1684 S. Research Loop, Suite 550 in Tucson, from Clairemont Partners, LLC.  Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 3150 N FREEWAY INDUSTRIAL LOOP, STE 100, TUCSON
WSP USA, Inc. leased 2,400-square-feet of industrial space at 3150 N. Freeway Industrial Loop, Suite 100 in Tucson, from P3 & G, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord; Daniel Dobric with Newmark Knight Frank, represented the tenant.

INDUSTRIAL – 6955 N CAMINO MARTIN, STE. 102, MARANA
Sigma Technologies International, LLC leased 2,100-square-feet at 6955 N. Camino Martin, Suite 102 in Tucson, from Camino Martin Industrial Plaza, LLC.  The team of Russell W. Hall, SIOR, GSCS, Stephen D. Cohen, and Kelly Fickle, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant; John Ash with CBRE, represented the landlord.

RETAIL – 2930 E BROADWAY BLVD., TUCSON
Desert Island Supply, LLC leased 2,000-square-feet at 2930 E. Broadway Blvd. in Tucson, from LMG Investments, LP.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 5526 E GRANT ROAD, TUCSON
La Botana Grill has leased 1,693-square-feet at 5526 E. Grant Road, from Maqsood and Sabina Enterprises, LLC, the landlord.  Craig Finfrock of Commercial Retail Advisors represented the Tenant and Robert J. Nolan of Oxford Realty Advisors represented the Landlord in the transaction.

RETAIL – 4772 E SUNRISE DR., TUCSON
Tutoring Club Select, LLC renewed their lease for 1,500-square-feet in Sunrise Village Shopping Center, 4772 E. Sunrise Dr. in Tucson, from Sunrise Village Investors, LLC.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1870 W PRINCE ROAD, STE. 26, TUCSON
Intelligent Instrumentation, LLC leased 1,440-square-feet in Exchange Place Business Center, 1870 W. Prince Rd., Suite 26 in Tucson, from Presson Corporation.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1101 W GRANT ROAD, STE 202-203, TUCSON
Quartercircle 10, LLC renewed their lease for 1,200-square-feet in Grant Interstate Commons, 1101 W. Grant Road, Suites 202-203 in Tucson, from the Sloat Family Partnership, LLLP.   Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

FLEX OFFICE – 4500 E SPEEDWAY BLVD., STE 80, TUCSON
Star Foot Care leased 1,130-square-feet in Midway Business Park, 4500 E. Speedway Blvd., Suite 80 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM and Paul Hooker with Cushman & Wakefield | PICOR, represented the landlord; Lifang Tan with HomeSmart, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $8.88-$9.60 PSF/ Modified Gross[/mepr-show]

OFFICE – 1200 N EL DORADO PL., STE B260, TUCSON
Adoption Solutions of Arizona leased 783-square-feet of office space in El Dorado Square, 1200 N. El Dorado Pl., Suite B260 in Tucson, from El Dorado Ventures, LLC. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

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