Tucson Lease REPORT – Week of April 15 – 19, 2013

INDUSTRIAL – 924 N TWEEDY ROAD, ELOY, AZ (PINAL COUNTY)
ELRUS of Calgary, AB, Canada, a heavy-duty mining equipment manufacturer, leased a 71,708 sq. ft. single-tenant industrial building at 924 N Tweedy Road in Eloy, AZ from Sky Cast Properties, LLC of Concord, ON, Canada. The building includes an expansive production area with reinforced floors and cranes in place, along with offices, men’s and women’s locker areas, lab space and other mechanical and maintenance rooms. In addition, the property has a secure fenced area and additional land available for expansion.

This is ELRUS’ first manufacturing facility in theUnited Stateswhere it plans to fill approximately 100 positions primarily for highly skilled mechanics and welders.

Pat Feeney, Dan Calihan and Rusty Kennedy of CBRE in Phoenix represented the landlord in negotiating the five-year lease. Kevin Lange of Cushman & Wakefield in Phoenix represented the tenant.

“ELRUS not only found a building ideally suited for its unique manufacturing requirement, but its location – between Phoenix and Tucson – will allow the company to draw from a wider pool of applicants to quickly fill its employment needs,” said CBRE’s Feeney. “The area’s pro-business environment was also instrumental in ELRUS’s decision to locate in Eloy, and the company should be up and running by the third quarter of the year.”

INDUSTRIAL – 420 E COLUMBIA STREET, TUCSON
JV Metals of Tucson, a metal recycler, leased 14,278 sq. ft. at420 E Columbia St. in Tucson. Located at Fair Avenue and Columbia, the four building complex is on a 2 acre industrial lot. Brandon Rodgers and Pat Welchert of Cushman & Wakefield / Picor Commercial Real Estate represented the tenant and landlord, Plastic and Metal Parts, Inc. of Tucson, in the transaction.

INDUSTRIAL – 230 EAST 27TH STREET, SOUTH TUCSON
2,784 sq. ft. of warehouse space at 230 E 27th Street was leased by Brandon Schilling. Ron Zimmerman of Newmark Grubb Knight Frank in Tucson represented the landlord, Tin Cup Properties.

RETAIL – HISTORIC BATES MANSION – 283 N STONE AVE, TUCSON
Marketplace Holdings dba Artfire.com, leased the Historic Bates Mansion at 283 N Stone Ave. in Tucson. The Tucson based web marketplace ArtFire.com will be moving their software development and web marketing team to the former home of the exclusive Mountain Oyster Club to launch a new artisan focused maker space on the property, called “Maker House”.

Maker House will serve as a community hub and education space for artists, artisans and creative entrepreneurs. It will feature classes, events, music, theater and tech ‘hackathons’ in the 5,000 sq. ft. historic space and the 5,000 sq. ft. courtyard, hidden behind 9 foot high walls. Maker House will also feature a new artisan coffee bar, in-house experts and access to creative equipment ranging from 3D printers to vinyl cutters, paper embossers, and computer guided sewing machines that artists and makers may not have readily available in home studios.

Renovation of the space is already underway. Maker House is projected to soft launch over the summer with a Grand Opening in September. ArtFire.com will move into the new corporate offices at the mansion in May.

John A. Jacobs, CEO and Founder of ArtFire.com says, “We’re excited to join the many companies, large and small, who are investing in the future of downtown Tucson. Moving ArtFire.com into this wonderful historic space perfectly matches both the future of tech companies in Southern Arizona and our commitment to artisans and the creative entrepreneur.”

Scott Soelter of Newmark Grubb Knight Frank in Tucson represented the landlord, Prudent Preservation Partners.

RETAIL – 6211 E SPEEDWAY BLVD, TUCSON
Rebellion Tattoo leased the 7,298 sq. ft. building at6211 E Speedway Blvd. in Tucson from MaS Enterprise. Greg Furrier and Aaron LaPrise of Cushman & Wakefield / Picor Commercial Real Estate of Tucson represented the landlord. Fred Seger of Fred Seger & Associates of Tucson represented the tenant.

RETAIL – 1730 WEST AJO WAY, TUCSON
TnT Fashion is opening its third location at 1730 West Ajo Way in Park View Plaza, at Mission and Ajo Way, where it leased 4,800 sq. ft. from Park View Plaza, Inc. Rick Volk of Volk Company in Tucson handled the transaction.

OFFICE – 1640 E RIVER RD, STE 208, TUCSON
Movement Mortgage, a Virginia based company, leased 3,926 sq. ft. at Mesquite Corporate Center, 1640 E River Road, Suite 208, in Tucson. Movement Mortgage, formerly New American Mortgage, is a privately held mortgage bank established in 2008. It was named by Inc. Magazine as the fastest growing mortgage bank in the country for 2012.

Tom Nieman of Cushman & Wakefield / Picor Commercial Real Estate represented the landlord, George Caughman. Gary Best of Keller Williams Southern Arizona represented the tenant.

OFFICE – 4811 E GRANT RD, STE 261, TUCSON
Arizona Institute of Urology leased 2,983 sq. ft. office space at the Crossroads Festival, 4811 E Grant Rd, Ste 261, at the northeast corner of Swan and Grant Roads in Tucson. The landlord, Larsen Baker, was represented in-house by Andy Seleznov and Melissa Lal. James Robertson of Realty Executives Tucson Elite represented the tenant.

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