It’s been a tough few years for the Tucson Industrial Market, but Q4 ended on a high note, when the Industrial market saw 55% of its annual sales close in the last three months of the year. Although a decrease of 7.7% in sales volume from 2013, the market has trended slowly but surely in a growth direction each and every quarter during 2014.

Like the national market, the Tucson industrial market has the stage set, poised and ready, for a full recovery cycle in 2015.

The following four industrial sales, totaling over $8.3 million, wrapped up the rousing year end.

>> Holualoa Capital Management of Tucson purchased an 80,600-square-foot industrial building with excess land at 3301-3321 E Global Loop in Tucson for $3,035,000 ($37.66 PSF). The property is located in Tucson International Business Center and sold vacant with 9.38 acres of excess land. The building was previously occupied by Spectra-Physics and has 20,800-square-feet of clean rooms, a 9,800-square-feet R&D lab, 5,000-square-feet manufacturing space and 45,000-square-feet of office and 215 parking spaces. The buyer purchased to hold for investment.

Bill Divito and Jesse Blum of CBRE’s Tucson office handled the transaction for buyer and seller, Tarlow Family Investments II, LP of Prescott Valley, AZ and will also be marketing the property for sale of for lease. To learn more call Divito at 520.321.3339 and Blum at 520.321.3335.

>> 5505 Nogales, LLC of Greenfield, WI purchased an 81,094-square-foot industrial building (built 1988) at 5505 S. Nogales Hwy in Tucson for $2.8 million ($34.53 PSF). The seller was We Valoroso Holding Corp. of Phoenix (John Lynch, manager) and the property was 100% occupied by Fluoresco Lighting as Corporate Offices.

Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. To learn more call Zimmerman at 520.248.0427.

>> An affiliate of the Presson Corporation of Phoenix (Daryl Burton, manager) bought the 33,082-square-foot industrial building at 4650 S Coach Drive in Tucson for $2.05 million ($62 PSF). The property was not on the market when it sold fully leased by four tenants.

Jon O’Shea, Rob Fischrup and Eric Lamb with Vast Real Estate Solutions of Tucson represented the seller, 3430 Sunrise, LLC of Tucson (Eddy Chernecki, manager). The buyer was represented by Rob Glaser CCIM, SIOR, Industrial Specialist with Cushman & Wakefield | PICOR of Tucson.

To learn more call O’Shea, Fischrup and Lamb at 520.624.9400 and Glaser at 520.546.2707.

>> Deb & Russ, LLC purchased a 12,765-square-foot industrial building at 1215 E Warehouse Ave in Tucson from American Builders & Contractors Supply Co., Inc. for $440,000 ($34.47 PSF). Deb & Russ operate Aztec Flooring, a locally owned and operated flooring company serving Tucson and Southern Arizona since 1967.

Stephen Cohen and Russ Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | Picor, represented the seller and Neal Manning of Manning Company Realtors in Tucson represented the buyer in this transaction.

To learn more call Cohen at 520.546.2750 and Manning at 520.325.6616.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from November 24-28, 2014.

OFFICE – 700 E. BROADWAY BLVD., TUCSON, AZ.
El Rio Santa Cruz Neighborhood Health Center leased 3,532-square-feet at 700 E. Broadway Blvd., Suite 120, from Aviation Point, LLC.  Tom Knox, SIOR, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.670.3909[/mepr-show]

OFFICE – 6436 E. BROADWAY BLVD., TUCSON, AZ.
Nickolas Orton Insurance Agency, Inc. leased approximately 2,975-square-feet of office space at 6436 E. Broadway Blvd. from Capital Source Financial, LLC. Aubrey Finkelstein of Vast Real Estate Solutions represented the Landlord and Bruce Suppes of CBRE, Inc. represented the Tenant in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.797.0069[/mepr-show]

RETAIL – 1325 E. FLORENCE BLVD., CASA GRANDE, AZ
Cox Solutions has leased a 2,100-square-foot space at Tri Valley Plaza, located on the SE corner of Florence Blvd. and Colorado Blvd in Casa Grande. The Premises will be used for the retail sale of services and accessories related to cable TV, internet, phone, and home automation, securing, and cellular phone services and for the sale of consumer electronic products. They are scheduled to open for business February 2015. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Max Bippus of CBRE, represented the Tenant.

RETAIL – 10371 N. ORACLE RD., TUCSON, AZ.
La Reserve Community Association leased 1,783-square-feet at Pusch Ridge Centre, 10371 North Oracle Road, Suite 105, in Oro Valley. The tenant intends to use the space for its HOA office. The Landlord, The Lake Investment Group, L.L.C., was represented by Tom Nieman of Cushman & Wakefield | PICOR Commercial Real Estate Services, Inc. Dave Hammack and Kevin Volk of Volk Company represented La Reserve Community Association. [mepr-show rules=”58038″]Tenant Phone: 520.219.3035[/mepr-show]

RETAIL – 2363 E. FRY BLVD., SIERRA VISTA, AZ.
South Point has leased a 1,050-square-foot space at Cochise Plaza, located on the NE corner of Fry Blvd. and Coronado Rd. in Sierra Visa, Arizona. The Premises will be used as an office selling and dispensing hearing aids, providing diagnostic evals, aural rehab and for the sales of related products and services. They are scheduled to open for business February 2015. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Pamela Shackelford of Stone Miller, represented the Tenant.

Submit all sales and leases to [email protected].

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The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from November 17-21, 2014.

INDUSTRIAL – NUEVO NOGALES INDUSTRIAL PARK, NOGALES, AZ. 
CIMSA Logistics leased 68,942-square-feet in the Nuevo Nogales Industrial Park in Nogales, Sonora, Mexico from ITT Cannon.  Denisse Angulo-Badilla, Industrial Specialist with Cushman & Wakefield | PICOR, handled the transaction. [mepr-show rules=”58038″]Phone: 520.980.5509[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON, AZ.
The following businesses leased space from Presson Midway, LLC: Fangamer leased 6,000-square-feet at 4500 E. Speedway, Suites 31, 33, 34 & 45 and Solar Portables Business, Inc. leased 2,400-square-feet at 4500 E. Speedway, Suites 49 & 50. Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions.

INDUSTRIAL – 1840 E. VALENCIA RD., TUCSON, AZ.
World View Enterprises, Inc. leased 3,321 square feet at 1840 E. Valencia, Suite 123 in Tucson from Tucson Aeroplex, LLC.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Phone: 520.271.8686; $0.85 SF/MO NNN[/mepr-show]

OFFICE – 1 W. WETMORE, TUCSON, AZ.
Intrepid USA Healthcare Services leased 1,877-square-feet at 1 W. Wetmore from Issa & Henrietta Hallaq. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, and Bob Kaplan with Marcus & Millichap in Denver, represented the landlord. Dean Cotlow with Cotlow Company represented the tenant in this transaction.

OFFICE – 6117 E. GRANT RD., TUCSON, AZ.
Paradigm Laboratories, LLC leased approximately 1,875-square-feet of office space at 6117 E. Grant Rd. from EJC Properties, LLLP. Aubrey Finkelstein of Vast Real Estate Solutions represented the Landlord and Mark Irvin of Mark Irvin Commercial Real Estate Services represented the Tenant in the transaction.

OFFICE – 1730 E. RIVER RD., TUCSON, AZ.
Walker & Armstrong, L.L.P. has leased 1,786-square-feet at 1730 E. River Rd., Suite #110, from Cambric Partners.  Doug Marsh and Lori Casey of Oxford Realty Advisors represented the Tenant and Peter Casey of The Colton Company represented the Landlord in the transaction.

INDUSTRIAL – 3790 E. 44^th ST., TUCSON, AZ.
Patrick Rine leased 1,500 square feet at 3790 E. 44^th St., Suite 238 from Rich Rodgers Investment, Inc. Brandon Rodgers, CCIM, with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 5151 E. BROADWAY BLVD., TUCSON, AZ.
Centerstone Insurance and Financial Services, dba Benefit Mall leased 1,494-square-feet at 5151 E. Broadway, Suite 530 from KCI Broadway, LLC.  Tom Nieman, Office Specialist, with Cushman & Wakefield | PICOR represented the tenant. Dave Volk with CBRE represented the landlord in this transaction. [mepr-show rules=”58038″]Phone: 520.748.2233[/mepr-show]

RETAIL – 10785 N. ORACLE RD., TUCSON, AZ.
MobileOne, LLC has leased 1,260-square-feet located at 10785 North Oracle Road, suite 159, within Rooney Ranch Shopping Center. The tenant plans to open a T-Mobile store in the space. Other tenants in the center include Home Depot, Sports Authority, and more. The Landlord, Rooney Ranch, LLC, was represented by Barclay Real Estate Services, LLC. Dave Hammack of Volk Company Tucson, represented MobileOne

OFFICE – 509 W. WETMORE, TUCSON, AZ.
Arizona Chiropractic Clinic, PLLC leased 1,200-square-feet at 509 W. Wetmore from 509 W. Wetmore, LLC. Pat Welchert, SIOR, with Cushman & Wakefield | PICOR, represented the landlord and David Loui with NAI Horizon represented the tenant in this transaction. [mepr-show rules=”58038″]Phone: 520.219.5700; $1.13 SF/MO Modified Gross[/mepr-show]

RETAIL – 3400 E. SPEEDWAY BLVD, TUCSON, AZ.
Joyce Sinclair, dba Oneness Center, leased 995-square-feet at 3400 E. Speedway Blvd., suite 100 in the Rancho Center, for a meditation and healing center. Debbie Heslop, CCIM, of Volk Company recently handled the transaction.

RETAIL – 3400 E. SPEEDWAY BLVD, TUCSON, AZ.
Awam Tibetan Buddhist Institute for a meditation and spiritual center, leased 880 square feet at 3400 E. Speedway Blvd., suite 204 in the Rancho Center. Rancho Center is anchored by Whole Foods, Bookmans Sports Exchange, and Performance Bikes. The landlord is Rancho Center, LLC. Debbie Heslop, CCIM, of Volk Company recently handled the transaction. [mepr-show rules=”58038″]Phone: 520.622.8460[/mepr-show]

INDUSTRIAL – 3959 E. SPEEDWAY BLVD., TUCSON, AZ.
The following businesses leased space from Central Point Tucson, LLC: Computer & Printer Specialist, LLC leased 844-square-feet at 3959 E. Speedway, Suite 315; Real Estate Sign Post Company leased 777-square-feet at 3959 E. Speedway, Suite 303. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″]Phone: 520.390.3971 (Computer & Printer Specialist, LLC); Phone: 520.829.7678 (Real Estate Sign Post Company)[/mepr-show]

OFFICE – 1643 E. PRINCE RD., TUCSON, AZ.
Organizing Helpers, Inc. has leased 745-square-feet at 1643 E. Prince Road, from Campbell & Prince Property, LLC.  Andrew Sternberg of Oxford Realty Advisors represented the Tenant and Landlord in the transaction. [mepr-show rules=”58038″]Phone: 520.327.8586[/mepr-show]

Submit all sales and leases to [email protected].

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