TUCSON, Arizona – Kyle Kolsrud, a Culver’s franchisee, closed on a 41,387-square-foot lot at the Shops on Valencia for $1.3 million ($31.40 PSF). This will be the third Culver’s operated by Kolsrud in metro Tucson and to be located at Valencia and Headley in the Midvale Park area.

The seller was Christifulli Companies of Phoenix (Nick Christifulli, member) was represented by Larry Cesare of Broadway Realty & Trust in Tucson.

Culver’s will join a newly finished build-to-suit Dutch Bros that will be opening ‘in two weeks’ here.  This will be the fifth location for expansion-minded Dutch Bro’s in metro Tucson expecting to see more openings soon. Dutch Bros management has announced at the start of 2019 it wants to grow to 800 shops in five years from around 300 stores now.

The Dutch Bros built-to-suit was handled by Marty Olejarczyk (Marty O.) and Jesse Rozio of GPS Retail Advisors in Phoenix and being marketed as a net leased investment sale.

In addition to these confirmed tenants, the center’s broker, Larry Cesare at Broadway Realty & Trust is pre-leasing a 10,000-square-foot building for two tenants that have shown interest in approximately half of the building each.

Kurt Kalocin with SRS Real Estate Partners of Phoenix represented Culver’s in the transaction.

For additional information, Cesare can be reached at 520.584.5804 and Kalocin should be contacted at 602.682.6078.  For more information on the Dutch Bros contact Rozio at 480.603.6892.

To learn more, see RED Comp #6751.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from October 10 thru 14, 2016.

RETAIL – 100 S. HOUGHTON RD., TUCSON
Galaxy Theatres has leased 50,000-square-feet at Montesa Plaza located at the southwest corner of Broadway Blvd. and Houghton Rd. The address of Tucson’s first new Galaxy Theatre is located at 100 S. Houghton Road. Galaxy Theatres is a multi-screen, luxury dinner movie theatre complex featuring IMAX films, Dolby Atmos sound technology, and 21+ VIP lounge and auditoriums. The new Galaxy Theatres Tucson location is expected to be under construction by the end of the year and open mid-year 2017. Galaxy Theatres was formed in 1998 and currently has 13 theatres throughout California, Nevada, Texas, Washington and Arizona.  Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, Montesa Plaza, L.P., and Kurt Kalocin of SRS Real Estate Partners represented the Tenant in this lease transaction. [mepr-show rules=”58038″]Asking lease rate: $22.00 -$25.00 SF/YR NNN[/mepr-show]

INDUSTRIAL – 1141 W. GRANT RD., TUCSON
CTP Carrera, Inc., dba Carclo Technical Plastics, provides injection molding and contract manufacturing services for medical, optics and electronics applications.  Carclo renewed their lease from Sloat Family Partnership, LLLP, for 20,391-square-feet of industrial space located at 1141 W. Grant Rd., Suites 101-104, in Tucson. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented all parties in both of these transactions. [mepr-show rules=”58038″]Tenant Phone: 520.622.8111[/mepr-show]

INDUSTRIAL – 1085 W. GRANT RD., TUCSON
CTP Carrera, Inc., dba Carclo Technical Plastics leased 19,790-square-foot warehouse located at 1085 W. Grant Rd., from the Mayen Corporation.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented all parties in both of these transactions. [mepr-show rules=”58038″]Tenant Phone: 520.622.8111[/mepr-show]

OFFICE – 3567 E. SUNRISE DR., TUCSON
Mattamy Homes has leased 8,350 sq. ft. of office space at La Paloma Corporate Center, located at 3567 E. Sunrise Dr. in Tucson, Arizona. Mattamy Homes is one of North America’s largest privately owned homebuilders, servicing major metropolitan areas across the United States and Canada. The tenant was represented by James Hardman with DESCO Southwest. The landlord was represented by David Montijo and Jeff Casper with CBRE. The leasing of new office space is just one way that Mattamy Homes has ramped up its activity in Tucson. The company has already invested more than $50 million in Tucson residential properties since 2014 and aims to continue developing new residential communities in the area.  “Accessibility, quality space, and proximity to great amenities has made the office market in the Foothills very attractive,” said CBRE’s Casper. “Mattamy will have a very nice office space and show room that is accessible to their existing locations in Dove Mountain and Oro Valley, as well as their planned communities on the east side.“  La Paloma Corporate Center is a premier commercial office location in the heart of Tucson’s Catalina Foothills. Gorgeous views of the adjacent Catalina Mountains and expansive golf courses makes La Paloma one of the most sought-after high-end corporate office spaces in the city. [mepr-show rules=”58038″]Asking lease rate: $25.00 SF/YR Full Service; Tenant Phone: 520.297.6846[/mepr-show]

OFFICE – 5232 E. PIMA ST., TUCSON
Liberty Star Uranium & Metals Corp. leased approximately 4,309-sqauer-feet of office space at 5232 E. Pima St. from 2030 East, LLC. Aubrey Finkelstein of Vast Real Estate Solutions represented the Landlord in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.731.8786[/mepr-show]

RETAIL – 120 W. PRINCE RD., TUCSON
This That & More, LLC leased 3,450-square-feet of retail space from Prince Road Plaza, LLC.  Relocating from their previous Stone Ave. location, This That & More is now situated in the Del Norte Shopping Center located at the northwest corner of Prince Rd. and Fairview Ave. in Tucson.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.622.2856[/mepr-show]

INDUSTRIAL – 4203 E. TENNESSEE ST., TUCSON
Kimball Rentals, LLC leased 3,055-square-feet at 4203 E. Tennessee St. in Tucson, from Gallaher Grit Limited Partnership.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Gary Emerson with GRE Partners, LLC, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.314.3352[/mepr-show]

INDUSTRIAL – 2112 N. DRAGOON ST., TUCSON
Product Development Corporation leased 3,000-square-feet at 2112 N. Dragoon St., Suites 1-3 in Tucson, from Rich Rodgers South, Inc.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.63 SF/MO Modified Gross; Tenant Phone: 520.745.1583[/mepr-show]

INDUSTRIAL – 3700 E. 38^th ST., TUCSON
Jeffs Autoworks leased 2,880-square-feet at 3700 E. 38^th St. in Tucson from JOC Enterprises.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and John Slattery with CBRE, Inc., represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.571.1997[/mepr-show]

RETAIL – 1970 W. RIVER RD., TUCSON
Serial Grillers has signed a lease for 2,274-square-feet in River Crossing located at the northeast corner of River Road and La Cholla Boulevard. The address of the new restaurant is 1970 W. River Road Suite 100, Tucson, AZ. Serial Grillers is a quick-service restaurant specializing in pizzas, salads, paninis, and burgers. Travis Miller started Serial Grillers in 2012 out of a food truck.  In 2013 he opened his first brick-and-mortar location at 5737 E. Speedway Blvd, while still operating his food truck. They quickly went from being take-out only in 2013, to expanding into the adjacent space to accommodate a 45-seat dining room in 2014. Earlier this year, Serial Grillers once again expanded to add a 40-handle taproom serving regional craft brews and added an additional 35 seats.  Serial Grillers has won many awards, including Tucson Weekly’s Best Food Truck of 2013 and runner-up for Best Food Truck of 2014, I Heart Radio’s Best Food Truck of 2014, was featured in Forbes as one of the nation’s Top 25 Fantastic Food Trucks, and many more. They were also featured on an episode of Food Network’s TV show Eat Street. Travis is expected to open his second location in January, 2017.  Craig Finfrock of Commercial Retail Advisors, LLC, represented the Tenant, Serial Grillers 2, LLC, and the Landlord, La Cholla and River Road Associates, LLC, did not have representation in this lease transaction. [mepr-show rules=”58038″]Tenant Phone: 520.546.2160[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Kasa Trading, LLC leased 1,200-square-feet in Midway Business Park, 4500 E. Speedway, Suite 57 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.   Tim Murray with Keller Williams Southern Arizona, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.76 – $0.80 SF/MO Modified Gross[/mepr-show]

OFFICE – 5659 E. GRANT RD., TUCSON
Mordechai Ferris Twena, MDPLLC, leased 1,000-square-feet at 5659 E. Grant Rd. in Tucson, from Grant Road Group, LLC.  Rick Kleiner, MBA, and Isaac Figueroa, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord. Gary Andros with Andros Properties, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.731.3317[/mepr-show]

INDUSTRIAL – 3830 E. 44^th ST., TUCSON
Sal Cano Designs leased 750-square-feet at 3830 E. 44^th Street, Suite 502 in Tucson, from RR44, Inc.   Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, handled this transaction.

TUCSON, AZ — Scottsdale, Arizona-based SWH, LLC (Nick Christifulli and Jodi Johnson, managers) an affiliate of Christifulli Companies  has purchased 11.38 acres at the southwest corner of Valencia and Headley in Tucson for $3.3 million ($6.66 PSF) from JVBM Properties, LLC (James Click, Jr. and Robert Tuttle, members).

Larry Cesar, partner and vice-president at Broadway Realty & Trust in Tucson represented the seller and will represent the developer for sale and for lease at the new 75,000-square-foot shopping center, when fully built out.

Cesar told us the center will wrap around the large Octopus Car Wash at the westside of property, and consist of a bank pad on the corner of Headley & Valencia, several 17,700-square feet clothing stores and restaurants have shown interest in the center. Cesar is submitting plans to the City and expects blading to begin in approximately 60-days.

Located in the Midvale area, the new center is a block away from Tucson’s latest 104,000-square-feet Fry’s store at 1805 West Valencia, under construction with an anticipated opening this March-April. Cesare also handle the sale of the Fry’s site for Tuttle-Click

Buyer and developer, Christifulli, prior to establishing Christifulli Companies, was a founding partner of Vertical Holdings Company; a firm focused on community and neighborhood retail projects and long-term triple net build-to-suit developments for national retail tenants. Formerly representing a number of national retail tenants in the Western United States including: AMC Theaters, Barnes & Noble Booksellers, Staples, Ross Dress for Less, Sports Authority, Home Base and Brinker International, among others. Christifulli has been in the shopping center business for more than 28 years and has been involved in over 20 million-square-feet of development and leasing.

For many years, Christifulli served as the Vice President of Development and Leasing for Westcor Partners, now a part of Macerich. Christifulli’s latest major retail development was Chauncey Ranch Center in Scottsdale, a 173,000-square-feet Whole Foods anchored shopping center.

“We’ve already had tremendous enthusiasm from tenants for this project,” Christifulli said.

Valencia is a main arterial road serving the Southwest Tucson submarket with approximately 50,000 average vehicles per day. Neighboring tenants include Walmart Supercenter, Lowe’s and several banks and restaurants.

Kurt Kalocin, vice-president of SRS Real Estate Partners in Phoenix represented the buyer / developer in this transaction.

For additional information, Kalocin can be reached at 602.682.6078 and Cesare should be contacted at 520.584.5804 for leasing and sales interest.

To learn more, see RED Comp #4190.