TUCSON LEASE REPORT – OCTOBER 14-18, 2013
Tucson commercial leases submitted for the week October 14-18, 2013:
OFFICE – 8500 N ORACLE ROAD, ORO VALLEY
Title Security leased 5,000 square feet at 8500 N Oracle Road in Oro Valley to join the Long Realty office in this newly constructed class-A office complex. Roger Breckenridge with Long Realty of Tucson handled the transaction for landlord and tenant. [ismember] Asking lease rate starts at $14.50/ SF NNN)[/ismember]
RETAIL – 3244 E. SPEEDWAY BLVD., TUCSON
Unscrewed Theater has leased 4,384 square feet at 3244 East Speedway Boulevard, which is located within Encanto Plaza. The tenant plans to use the space as a venue for comedy performances, as well as a comedy school and workshop. Debbie Heslop, CCIM of Volk Company Commercial Real Estate represented the landlord, SMDSK Encanto, LLC, and Rob Tomlinson of Cushman & Wakefield | PICOR represented the tenant. [ismember]Asking Lease rate $6.00 sq. ft. yr. (NNN)[/ismember]
RETAIL – 3996 W. INA RD., TUCSON
R&S Mattress Tucson, LLC leased 4,000 square feet of retail space at 3996 W. Ina Road in Tucson from SAM Seventh, LLC. Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR represented the tenant in this transaction. [ismember]Asking Lease rates $16.40 – $18.00 sq. ft. (NNN estimated at $4.25 sq. ft.) [/ismember]
MEDICAL OFFICE – 1925 W. ORANGE GROVE RD., TUCSON
AZ Pain Centers of Tucson leased 3,342 square feet at 1925 W. Orange Grove, Suite 107 in Tucson from Healthcare Realty Services Inc. Tom Nieman, Principal and Office Specialist, with Cushman & Wakefield | PICOR, represented the landlord and Tom Knox, SIOR, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [ismember]Asking Lease rate $18.50 / sq. ft. yr. [/ismember]
INDUSTRIAL – 3534 – 3538 N. ROMERO, TUCSON
Metro Fire Equipment, Inc. leased 1,500 square feet at 3534 – 3538 N. Romero Road, Suite 190, in Tucson from Costa Verde Investments, LLC. Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [ismember] Asking Lease rate $7.80 sq. ft. yr. [/ismember]
RETAIL – 3040 W. VALENCIA RD., TUCSON
Shannon Burke Insurance Agency, LLC has leased 1,250 square feet at 3040 West Valencia Road, which is located within Manzanita Plaza. She plans to open an Allstate Insurance office in the space. Manzanita Plaza is located at the northwest corner of Valencia and Cardinal and is anchored by Safeway, Family Dollar, Aaron Rents, and Desert Sports and Fitness Express. David Hammack and Rick Borane of Volk Company Commercial Real Estate represented the landlord, Community Centers of America – Glendale, LLC, in the transaction. [ismember] Asking Lease rate $16.00 sq. ft. yr. (NNN charges estimated at $3.80/sq. ft.) [/ismember]
RETAIL – 2112 W. GRANT RD., TUCSON
General Nutrition Corporation has signed a lease for 900 square feet at 2112 West Grant Road. The space is located within Silverbell Plaza at the northeast corner of Grant and Silverbell. The shopping center is anchored by Safeway and Walgreens. David Hammack of Volk Company Commercial Real Estate represented the landlord, Massapequa Associates LLC. [ismember] Asking Lease rate $20.00 sq. ft. (NNN charges estimated at $5.50/ sq. ft.) [/ismember]