Tucson Lease REPORT – WEEK OF MAY 20 – 24, 2013

RETAIL SPACE – 657 HWY 90, SIERRA VISTA

C-A-L Ranch Stores, Inc., of Idaho Falls, Idaho leased 72,436 sq.ft. and Hobby Lobby leased 54,811 sq. ft. at the former Walmart store vacant since 2010 in Plaza Vista Mall, 657 Hwy 90 in Sierra Vista. C-A-L Ranch Stores, offers a mix of merchandise including ranch and farm supplies, livestock, equine, pet feed and accessories,  work & western apparel and footwear as well as shop equipment, tools, hardware, lawn & garden supplies and a broad range of outdoor sporting goods. C-A-L recently opened its twenty-first location in Show Low and has announced plans to open additional stores in Laveen and Casa Grande markets during the third quarter of 2013. Other Arizona locations include Prescott and Flagstaff.

The company was founded in 1959 by Clinton Murphy, Allen Murphy and L.Wayne Murphy, thus the initials “C-A-L” in its brand and operates in Idaho, Utah, Nevada and Arizona with a Distribution Center in Payson, UT. While the company is no longer owned by the Murphy’s, the company is still privately held.

Jake Ertle of Rein & Grossoehme Commercial Real Estate Services in Scottsdale represented the landlord, LNR Property Corporation. Neil Board with Western Retail Advisors of Phoenix and Bryan Ledbetter of ZELL Commercial Real Estate Services in Phoenix jointly represented C-A-L Ranch. David Leathers of DE Johnson & Associates in Northbrook, IL represented Hobby Lobby. C-A-L Ranch plans to open in Sierra Vista first quarter of 2014 and Hobby Lobby plans to open fourth quarter 2013.

TENTATIVE LEASE RETAIL SPACE – 5625 E RIVER ROAD, TUCSON

Petco has requested bids for TIs as it considers a move to the 13,000 sq. ft., former Walgreens, in RiverCenter at Craycroft and River, 5625 E River Road in Tucson. The new space would be used to relocate the current Petco at 4625 N Oracle Road according to a Petco representative, but the lease on the new space has not been finalized with the landlord, Larsen Baker at this time. The contractor for Petco, Division II Construction has asked for sub bids to be returned by 5/30/13.

OFFICE SPACE – 100 N STONE AVENUE, STE 110, TUCSON

Tucson’s Gangplank, a non-profit collaborative workspace opened this week in 8,000 sq. ft. and another 2,000 sq. ft. of undeveloped space in the basement planned for audio and video studios at the Pioneer Building, 100 N Stone Ave, Ste 110 in Tucson.  Focused on economic and community development, Gangplank seeks to unite the creative class, bringing together diverse minds to create something greater than the individual and drive entrepreneurship and civic engagement. The move was made possible by the building owner, Holualoa Companies of Tucson, who donated the facility’s rent for the first six months. The Tucson office is one of four Gangplank locations in Arizona. The non-profit also just opened faciites in Sault St. Marie, Ontario, Canada and Richmond, VA.

INDUSTRIAL SPACE –  4700 S PARK AVE, TUCSON

Amarr Garage Doors, a North Carolina-based manufacturer of garage door systems (Richard Brenner, CEO) leased 7,878 sq. ft. at 4700 S Park Avenue from Ohio Street Building No. 2, LLP. Rob Glaser of Cushman & Wakefield / Picor Commercial Real Estate Services represented the landlord. Fred London of The Meridian Group, Inc. represented the tenant.

OFFICE SPACE – 3275 W INA ROAD, TUCSON

THM Publishing of Tucson leased 992 sq. ft. of office at 3275 W Ina Road in Tucson from Caldor Investments of Arizona. Tom Nieman of Cushman & Wakefield / Picor Commercial Real Estate Services handled the transaction.

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