TUCSON, AZ (July 14, 2025) — Tucson Greyhound Park demolition has officially begun at the long-vacant property, clearing the way for a major redevelopment that aims to bring new life to one of South Tucson’s most recognizable—but long-dormant—properties.

The park, located at 2601 S. 3rd Avenue in South Tucson, permanently closed on June 18, 2022, after more than 75 years of operation. Once a regional hub for greyhound racing, the site sat idle and deteriorating for years. Demolition efforts began in mid-2025, with RCD Demolition handling the work to clear the 16.88-acre site, which includes a 48,929-square-foot clubhouse and multiple ancillary structures.

According to public records, the property was purchased on June 24, 2022, by Equilibrium Funding Managers for $9,050,000. The acquisition marked the first step in a vision to repurpose the historic site into a community asset.

The current redevelopment plan includes transforming the site into a youth soccer academy operated by BVB International Academy Arizona, the U.S. affiliate of famed German club Borussia Dortmund. In partnership with the City of South Tucson, the project is expected to provide youth sports programming, job training, and employment opportunities, while also preserving community access to the site.

“This is righteous economic development for the people who live here now,” said South Tucson Councilman Brian Flagg, underscoring the city’s intent to support revitalization without displacement. Local leaders view the redevelopment as a model for inclusive growth that prioritizes community use, job creation, and infrastructure improvement in South Tucson.

While no vertical construction has started yet, demolition is a critical milestone that clears the path for the next phase. Design plans and a construction timeline for the new soccer facilities are expected to be announced in the coming months.

The sale to Equilibrium Funding Managers and the forthcoming redevelopment reflect a larger trend across Tucson and Pima County, where adaptive reuse and infill development are reshaping legacy properties for modern community needs.

Source: RED Comps #9971.

TUCSON, Ariz. (July 2, 2025) – Komatsu America Corp., a global leader in construction and mining equipment, has acquired the industrial property at 3285 E 44th Street in Tucson, Arizona, as part of its recent acquisition of Core Machinery’s southwestern dealership network. The transaction closed on June 12, 2025, with a recorded sale price of $3,119,504 ($143 PSF).

The 44th Street property, previously operated by Core Machinery, has now become a fully integrated Komatsu-owned facility. Located within Tucson’s South Industrial submarket, the site serves as a key regional hub for the sale, service, and support of heavy equipment.

Komatsu announced the broader acquisition of six Core Machinery locations, including Tucson, on June 9, 2025, as a strategic effort to strengthen its direct distribution and customer service capabilities in the Southwest. In an official release, Komatsu stated:

“This acquisition allows Komatsu to expand its support for construction and mining customers in Arizona, New Mexico, and West Texas. We are committed to continuing Core Machinery’s legacy of service while providing access to Komatsu’s global resources and technology.”

The seller of the Tucson facility was Core Machinery, headquartered in Phoenix, Arizona. The buyer, Komatsu America Corp., is based in Chicago, Illinois.

Source: RED Comp #11958

TUCSON, AZ (June 30, 2025) — Southern Arizona Lease Report recorded a total of 104,622 square feet of lease activity this week, reflecting a balanced mix of new leases, expansions, and renewals across the region.

Retail led all sectors with 63,383 square feet leased, including a ground lease and driven by neighborhood center activity and a major entertainment use in Sierra Vista. Industrial followed with 27,934 square feet, highlighting steady demand from transportation, service, and restoration companies, particularly in the South and Northwest submarkets. Office transactions accounted for 13,305 square feet, bolstered by professional and medical tenancy in midtown and foothills locations.

The following leases were reported to the Real Estate Daily News for the week of June 23–27, 2025:

RETAIL – 2362 E FRY BLVD., SIERRA VISTA, 85635 – COCHISE COUNTY
Larsen Baker is pleased to announce a new ground lease at Cochise Plaza. Brew Culture, LLC dba 7 Brew has leased the 30,000-square-foot retail parcel at Cochise Plaza, 2362 E Fry Blvd. 7 Brew will build a drive-thru coffee kiosk. Isaac Figueroa, CCIM, SIOR, of Larsen Baker represented the Landlord and handled the transaction.

RETAIL – NEC MARTIN LUTHER KING JR. BLVD & HWY 90, SIERRA VISTA, 85635 – COCHISE COUNTY
Fun Place SV, LLC has leased a 12,107-square-foot space at South Plaza Vista, located on the NEC of Martin Luther King Jr. Blvd & Highway 90. The Premises will be used as a kids’ play gymnasium studio and for the sale of related products and services. It is scheduled to open for business in December 2025. Isaac Figueroa, CCIM, SIOR, of Larsen Baker represented the landlord and handled the transaction.

RETAIL – 601-611 N. 4TH AVE., TUCSON, 85705 – CENTRAL
A Webooo Bar and Grill expanded their 4th Avenue restaurant space with Pelican 4th Ave LLC for a total of 4,526 square feet at 601-611 N. 4th Ave., in Tucson, AZ. Aaron LaPrise and Dave Hammack, Principals, Retail Specialists with Cushman & Wakefield | PICOR, handled the transaction.

RETAIL – 3805 E RIVER RD., SUITE 101, TUCSON, 85718 – FOOTHILLS / NORTHEAST
Larsen Baker is pleased to announce that Bricktopia Creations, LLC dba Bricks & Mini Figs has leased the 4,368 square feet at 3805 E River Rd, Suite 101, in Tucson, AZ, also known as The Shoppes at Orange Grove. Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the landlord, David Jimenez, with Morrow Hill represented the tenant.

OFFICE – 750 S. CRAYCROFT RD., SUITE 100, TUCSON, 85711 – EAST
The Hand of Grace, LLC leased 3,052 square feet of office space at 750 S. Craycroft Rd., Suite 100 in Tucson, from 750 South Craycroft, LLC. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. Denisse Angulo-Badilla, Commercial Specialist with Cushman & Wakefield | PICOR, represented the tenant.

RETAIL – 7181 E. TANQUE VERDE RD., SUITE C116, TUCSON, 85715 – NORTHEAST
IM=X Pilates leased 2,975 square feet of retail space at Colonia Verde Shopping Center, 7181 E. Tanque Verde Rd., Suite C116 in Tucson, from ROK Colonia Verde LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Rhiannon Buono with Morrow Hill represented the tenant.

RETAIL – 2960 S. 6TH AVE., SUITE 110, TUCSON, 85713 – SOUTH
Casa Lee signed a new lease with Choi Family Trust for 2,800 square feet of retail space at Fiesta Mercado Shopping Center, 2960 S. 6th Ave., Suite 110 in Tucson. Aaron LaPrise and Dave Hammack, Principals, Retail Specialists with Cushman & Wakefield | PICOR, handled the transaction.

INDUSTRIAL – 3230 S. DODGE BLVD., SUITES 1-4, TUCSON, 85713 – SOUTH
America’s Best Choice of Tucson AZ, LLC leased 2,409 square feet of industrial space at South Dodge Business Center, 3230 S. Dodge Blvd., Suites 1-4 in Tucson from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord. Nicholas Travassos with Chapman Management Group represented the tenant.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., SUITES 49-50, TUCSON, 85712 – NORTHEAST
Perfume Aura, Inc. renewed and expanded its lease with Pegasus Tucson Owner LLC for 2,400 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suites 49-50 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3230 S. DODGE BLVD., SUITE 7-8, TUCSON, 85713 – SOUTH
E Dry Restoration renewed and expanded their lease with Pegasus Tucson Owner LLC for 2,336 square feet of industrial space at South Dodge Business Center, 3230 S. Dodge Blvd., Suite 7-8 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 4640 E SUNRISE DR., SUITE 217, TUCSON, 85718 – FOOTHILLS NORTHEAST
Larsen Baker is pleased to announce a new lease at Sunrise Springs Office complex on Sunrise and Swan, 4640 E Sunrise Dr. Real Estate Direct, Inc., dba REDI Rentals, leased the 1,716- square-foot space on the second story, Suite 217. Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the Landlord and Tenant in both transactions.

INDUSTRIAL – 3538 N. ROMERO RD., SUITE 124, TUCSON, 85705 – CENTRAL
Premier Fire Alarm & Security Cameras, LLC leased 1,500 square feet of industrial space at Romero-Prince Business Park, 3538 N. Romero Rd., Suite 124 in Tucson, from Costa Verde Investments LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord. Juan Pantoja with Grimm Commercial represented the tenant.

OFFICE – 1661 N. SWAN RD., SUITE 100, TUCSON, 85712 – NORTHEAST
TradFi Labs, Inc. leased 1,500 square feet of office space at The Smart Building, 1661 N. Swan Rd., Suite 100 in Tucson, from DHS PROPERTY INVESTMENTS LLLP. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. Jason Shaltiel, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant.

RETAIL – 2485 N. SWAN RD., SUITE 111, TUCSON, 85712 – NORTHEAST
Wild West Mini Market leased 1,400 square feet of retail space at Cornerstone Plaza, 2485 N. Swan Rd., Suite 111 in Tucson, from Heights Properties, LLP. Aaron LaPrise and Dave Hammack, Principals, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 1200 N EL DORADO PLACE, SUITE F-640, TUCSON, 85715 – NORTHEAST
Lucid Awakening, LLC has leased the 1,368-square-foot space, at El Dorado Square, 1200 N El Dorado PlaceSuite F-640 in the Ferrari Building, Building F. Lucid Awakening offers therapy services. Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the Landlord and handled the transaction.

OFFICE – 4640 E SUNRISE DR., SUITE 100, TUCSON, 85718 – FOOTHILLS NORTHEAST
Larsen Baker is pleased to announce a new lease at the Sunrise Springs Office complex, located at 4640 E Sunrise Dr., on the corner of Sunrise and Swan. Renewed Beauty has expanded into a 1,280 square-foot space in Suite 100 on the first floor. Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the landlord and tenant in both transactions.

RETAIL – 2509 E CAMPBELL AVE, TUCSON, 85719 – CENTRAL 
Wild West Mini Market leased 1,243 square feet of retail space at Kwan Center, 2509 E. Campbell Ave., in Tucson from Always Sunny Properties, Inc. Aaron LaPrise and Dave Hammack, Principals, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 918 W. IRVINGTON RD., SUITE 126, TUCSON, 85714 – SOUTH
P-A-G-E-S, Inc. leased 1,203 square feet of retail space at Placita Del Rio, 918 W. Irvington Rd., Suite 126 in Tucson from MSC Investments Tucson LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant. Joey Castillo with Volk Company represented the landlord.

RETAIL – 8245 N. SILVERBELL RD., SUITE 111, TUCSON, 85743 – NORTHWEST
Prickly Pup LLC leased 1,200 square feet of retail space at Continental Ranch Shopping Center, 8245 N. Silverbell Rd., Suite 111 in Tucson, from 2908 Route 130, LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3860 S. PALO VERDE RD., SUITE 312, TUCSON, 85714 – SOUTH
ACTION Termite Control, LLC leased 1,120 square feet of industrial space at Palo Verde Business Center, 3860 S. Palo Verde Rd., Suite 312 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 2001 W. ORANGE GROVE RD., SUITE 402, TUCSON, 85741 – NORTHWEST
Tucson Oasis Primary Care, PLLC leased 950 square feet of office space at Desert Life Medical, 2001 W. Orange Grove Rd., Suite 402 in Tucson from SPE Desert Life MOB, LLC. Richard M. Kleiner, MBA, Principal, and Alexis Corona, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord. Kyle Kilgore with NAI Horizon, Tucson, represented the tenant.

INDUSTRIAL – 4575 S. PALO VERDE RD., SUITE 307, TUCSON, 85714 – SOUTH
Leon Agency, LLC leased 782 square feet of industrial space at Butterfield Business Park, 4575 S. Palo Verde Rd., Suite 307 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3621 E. 44TH ST., SUITE 9, TUCSON, 85713 – SOUTH
Robert F. Kirberger leased 600 square feet of industrial space at South Dodge Business Center, 3621 E. 44th St., Suite 9 in Tucson from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 800 E. UNIVERSITY BLVD., SUITE 106, TUCSON, 85719 – CENTRAL
Olympia Greek Yogurt leased 461 square feet of retail space at Main Gate Square, 800 E. University Blvd., Suite 106 in Tucson from The Marshall Foundation. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR, represented the landlord. Adrienne Canez with Tierra Antigua Realty represented the tenant.

RENEWALS

INDUSTRIAL – 3865 N. BUSINESS CENTER DR., SUITE 109, TUCSON, 85705 – CENTRAL
MedStar Medical Transportation Company renewed its lease with Pegasus Tucson Owner, LLC for 4,397 square feet of industrial space at North Tucson Business Center, 3865 N. Business Center Dr., Suite 109 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 2015 N. FORBES BLVD., SUITE 111, TUCSON, 85745 – WEST
Fruth Group, Inc. renewed its lease with Pegasus Tucson Owner LLC for 3,840 square feet of industrial space at Broadbent Business Center, 2015 N. Forbes Blvd., Suite 111 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 2470 W. RUTHRAUFF RD., SUITE 110-120, TUCSON, 85705 – CENTRAL
Arizona Pipeline Company renewed its lease with Pegasus Tucson Owner, LLC for 2,600 square feet of industrial space at Ruthrauff Commerce Center, 2470 W. Ruthrauff Rd., Suite 110-120 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 5151 E. BROADWAY BLVD., SUITE 280, TUCSON, 85711 – EAST
Matrix Service, Inc. renewed its lease with KCI Broadway, LLC, Scott Seldin-Broadway, LLC, Belmont Broadway, LLC, Tucson 5151 Investments, LLC for 2,389 square feet of office space at 5151 E. Broadway Office Tower, 5151 E. Broadway Blvd., Suite 280 in Tucson. Mark Isenberger with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3240 S. DODGE BLVD., SUITE 3, TUCSON, 85713 – SOUTH
LEO Armory, LLC renewed its lease with Pegasus Tucson Owner LLC for 1,400 square feet of industrial space at South Dodge Business Center, 3240 S. Dodge Blvd., Suite 3 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 5045 E. 29TH ST., TUCSON, 85711 – EAST
H Squared AZ LLC renewed its lease with Pegasus Tucson Owner LLC for 1,400 square feet of industrial space at Town Central Business Park, 5045 E. 29th St., in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 245 S. PLUMER AVE., SUITE 13, TUCSON, 85719 – CENTRAL
DAS AZ02, LLC renewed its lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Commerce Plaza, 245 S. Plumer Ave., Suite 13 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., SUITE 60, TUCSON, 85712 – NORTHEAST
Small Improvements LLC renewed its lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 60 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 2980 S. 6TH AVE., SUITE 120, TUCSON, 85713 – SOUTH
Little Caesar’s renewed its lease with Choi Family Trust for 1,100 square feet of retail space at Fiesta Mercado Shopping Center, 2980 S. 6th Ave., Suite 120 in Tucson. Aaron LaPrise and Dave Hammack, Principals, Retail Specialists with Cushman & Wakefield | PICOR, handled the transaction.

OFFICE – 622 N. COUNTRY CLUB RD., SUITE A, TUCSON, 85716 – CENTRAL
True Potential, PLLC renewed its lease with H26ONE L.L.C. for 1,050 square feet of office space at Country Club Business Center, 622 N. Country Club Rd., Suite A in Tucson. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3621 E. 44TH ST., SUITE 1, TUCSON, 85713 – SOUTH
Puff Point LLC renewed its lease with Pegasus Tucson Owner LLC for 750 square feet of industrial space at South Dodge Business Center, 3621 E. 44th St., Suite 1 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

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