INSIDE TUCSON BUSINESS
Roger Yohem
April 6, 2012
Sales and leases
Since January, there has been a notable increase in commercial real estate leases (see The Space Race: Commercial building leases rocket upward on pages 3-5.) The change has brokers in agreement that the region’s commercial market has lifted off the bottom. This is a sampling of recent transactions:
• Brian K. Scott and Linda M. Scott Trust purchased a 4,122 square foot industrial building at 2560-2602 E. Ganley Road for $245,000 from Alan Farmer G Trucking Inc. The transaction was handled by Ron Zimmerman, Grubb & Ellis.
• Campbell & Prince Property LLC purchased a 2,980 square-foot medical office at 1637-1643 E. Prince Road for $190,000 from JEHT LLC, represented by Harlan Stork, Realty Executives. The buyer was represented by Andrew Sternberg, Oxford Realty Advisors.
• TMC Holdings Inc. purchased a 1,759 square foot medical office building at 5225 E. Knight Drive for $180,000 from Dr. and Mrs. William Fosdick. The transaction was handled by Tom Knox and Rick Kleiner, PICOR Commercial Real Estate Services.
• Fiesta Avenue Property LLC purchased 3.38 acres of land at 6415 S. Fiesta Ave. for $159,000 fromCrimson Associates, represented by Brandon Rodgers, PICOR Commercial Real Estate Services.
• Ron Cox, Cox Electric, purchased a 1,568-square-foot building at 3132 E. 46th St. for $120,000 fromKayco Properties, represented by Stephen Cohen, PICOR Commercial Real Estate Services.
• United Health Care Services leased 81,835 square feet at 9040 S. Rita Road, Suite 1500, in the University of Arizona Science Technology Park from Campus Research Corporation. The transaction was handled by Peter Douglas and Brandon Rodgers, PICOR Commercial Real Estate Services.
• Trane U.S. leased 16,795 square feet at 2155 N. Forbes Blvd., Suite 104, from Forbes Tucson LLC, represented by Rob Glaser, PICOR Commercial Real Estate Services.
• TPS Builders LLC leased 12,664 square feet at 2699 E. Valencia Road from Palice Investments 2699 LLC, represented by Rob Glaser, PICOR Commercial Real Estate Services. Paul Hooker, also with Picor, represented the tenant.
• SizeWise Rentals LLC leased an 8,000 square foot building at 1956 E. Silverlake from Cherrylake Partners LLC. The transaction was handled by Russell Hall and Stephen Cohen, PICOR Commercial Real Estate Services.
• Tuesday Morning Inc. leased 7,164 square feet at 3981 E. Grant Road from TNP SRT Northgate Plaza Tucson LLC, represented by Debbie Heslop, Volk Company Commercial Real Estate.
• Granite Construction leased 5,768 square feet at 721 N. Fourth Ave. from R&R Enterprises, represented by Tom Knox, PICOR Commercial Real Estate Services.
• Latrikunda Transport Services LLC leased 5,175 square feet at 3450 S. Broadmont Drive from Tin Cup Properties LLC. Ron Zimmerman, Grubb & Ellis, handled the transaction.
• Eye Associates Ltd. leased 4,683 square feet at 6130 N. La Cholla Blvd. from HCP/Utah LLC, represented by Rick Kleiner and Tom Knox, PICOR Commercial Real Estate Services.
• Chopstix Asian Diner leased 4,500 square feet at 3820 S. Palo Verde Road, Suite 101, from Palo Verde Trust Partners LLC, represented by Rob Glaser and Paul Hooker, PICOR Commercial Real Estate Services.
• National Bank of Arizona leased 4,364 square feet at 1985 E. River Road, Suite 121, from Campbell Avenue Group LLC, represented by Richard Kleiner, PICOR Commercial Real Estate Services. Kawa & Associates, Phoenix, represented the tenant.
• Presson Midpoint LLC, represented by Rob Glaser and Paul Hooker, PICOR Commercial Real Estate Services, leased space at 3921 E. 29th St. to: RCCG Glory Tabernacle for 4,277 square feet in Suites 301-304; and Deluxe Marketing Inc. for 1,505 square feet in Suite 402.
• Arizona Rent To Own leased 4,158 square feet at 815 E Grant Road from JAGOR, represented by David Carroll, Romano Real Estate Corporation.
• Air Express International USA leased 4,000 square feet at 2949 E. Elvira Road from Holualoa Tucson Airport Inc., represented by Bill Divito, Grubb & Ellis. The tenant was represented by Stephen Cohen, PICOR Commercial Real Estate Services.
• Traditional Bakery Inc., doing business as Paradise Bakery & Cafe, leased 3,900 square feet at 4821 E. Grant Road from Crossroads Canada LLC, represented by Andy Seleznov, Larsen Baker. Alan Tanner and Paul Schloss, CBRE, represented the tenant.
• APN Builders Inc. leased 3,850 square feet at 2102 N. Forbes Blvd., Suites 101-102, from East Park VI Holding Company LLC, represented by Rob Glaser, PICOR Commercial Real Estate Services.
• Oncology Institute of Hope & Innovation leased 3,750 square feet at 6565 E. Carondelet Drive fromTucson Medical Investors, represented by Rick Kleiner and Tom Knox, PICOR Commercial Real Estate Services.
• Surety Acceptance Corporation leased 3,672 square feet at 4400 E. Broadway from 4400 Tower LLC, represented by Michael Gross, Tucson Realty & Trust. Bruce Suppes, CBRE, represented the tenant.
• Systech International LLC leased a 3,600 square foot building at 1121 W. Grant Road, Suites 407 and 408, from John Schmidt, represented by Stephen Cohen and Russell Hall, PICOR Commercial Real Estate Services.
• Foot Technologies LLC leased a 3,600 square-foot building at 1121 W. Grant Road, Suites 405 and 406, from Sloat Family Partnership. Stephen Cohen and Russell Hall, PICOR Commercial Real Estate Services, handled the transaction.
• GeoSystems Analysis leased 3,264 square feet at 2015 N. Forbes Blvd., Suite 106, from Broadbent Square LLC, represented by Rob Glaser, PICOR Commercial Real Estate Services.
• Choice Rent to Own LLC leased 3,200 square feet at 3923 N. Flowing Wells Road in Flowing Wells Plaza from the Orchards at Arizona II LLC, represented by David Dutson, CBRE.
• Richard and Sally Burke leased a 3,120 square foot building at 4175 S. Fremont Ave. fromDoubletree Investments. The transaction was handled by Stephen Cohen, Russell Hall and Paul Hooker, PICOR Commercial Real Estate Services.
• Ismile/CMS PLLC leased 2,826 square feet at 4600 S. Park Ave., Suite 6, from Ohio Street Building No. 2 Ltd. LLC. The landlord was represented by Rob Glaser with Picor.
• Oak N’ More leased 2,700 square feet at 1637 W. Grant Road from Rodgers Hoge Partners. Brandon Rodgers and Paul Hooker with Picor handled the transaction.
• Shaw Facilities Inc. leased 2,532 square feet at 333 E. Wetmore Road, Suite 180, from Aslan III 333 E. Wetmore LLC, represented by Richard Kleiner of Picor. The tenant was represented by Buzz Isaacson with CBRE.
• Exhaust Works leased 2,400 square feet at 5294 N. Casa Grande Highway, Suite 110, from Tucson Sunset Industrial Plaza, represented by David Carroll of Romano Real Estate Corporation.
• Martha McSally Political Office leased 2,400 square feet at 8060 E. 22nd St., Suites 136-140 in the Parkview Place Shopping Center from 8060 E. 22nd Street LLC. The landlord was represented by Greg Furrier and Jeff Zellet, PICOR Commercial Real Estate Services.
• Centennial Contractors Enterprises Inc. leased 2,400 square feet at 1801 S. Alvernon Way, Suites 101 and 102, from Presson Midpoint LLC, represented by Rob Glaser and Paul Hooker, PICOR Commercial Real Estate Services.
• DNA Personal Training leased 2,332 square feet at 3305 N. Swan Road from Camp Lowell I LLC, represented by Dave Dutson of CBRE. The tenant was represented by Jean Barclay of Oxford Realty Advisors.
• Christian Youth Theater leased 2,300 square feet at 210 W. 5th Street, Suite 4 from Rodgers Investment Fund One, represented by Brandon Rodgers of Picor.
• Swat Fitness leased 2,233 square feet at 3820 S. Palo Verde from Palo Verde Trust Partners LLC, represented by Rob Glaser of Picor. The tenant was represented by Jean Barclay of Oxford Realty Advisors.
• Weight Loss Institute of Arizona leased 2,135 square feet at La Cholla Medical Center, 6261 N. La Cholla Blvd., from Healthcare Trust of America, represented by Howard Schwiebert with The Plaza Companies.
• Seeing Machines Inc. leased 2,120 square feet at 2420 W. Ruthrauff Road, Suite 120, from Presson Scottsdale, represented by Rob Glaser with Picor.
• Domino’s Pizza leased 2,000 square feet at 5460 E. Speedway (Speedway-Craycroft Plaza) fromLarsen Baker, self-represented by Andy Seleznov. The tenant was represented by Aaron LaPrise of The Harpel Company.
• M3 Engineering & Technology leased 2,000 square feet in River Crossing at the northeast corner of west River Road and north La Cholla Blvd., from W.M. Grace Development, represented by Craig Finfrock of Commercial Retail Advisors.
• Ideal Rehabilitation LLC leased 2,000 square feet at 1020 S. Harrison Road from BSH Investments LLC, represented by Buzz Isaacson and Alan Tanner of CBRE. The tenant was represented by David Hammack of Volk Company Commercial Real Estate.
• Yellowbook Inc. leased 1,982 square feet at 3931 E. Paradise Falls from Chase Group LLC, represented by Andrew Sternberg and Virginia Land of Oxford Realty Advisors. The tenant was represented by Bob Rieden of Lee & Associates.
• Open Care Dental Valencia leased 1,960 square feet at Mission Manor Shopping Center, 5530 S. 12th Ave., from GS Properties Management, represented by Robert Nolan of Oxford Realty Advisors.
• HRC Medical Centers leased 1,932 square feet at 2055 W. Medical Hospital Drive, from Windrose Northwest Professional Plaza PR, represented by Bruce Suppes and David Volk of CBRE. The tenant was represented by Michael Coretz of Commercial Real Estate Group of Tucson.
• Green Valley Robin’s Nest leased 1,907 square feet at 18805 S. I-19 Frontage Road, Suite A-111 in Sahuarita from Sun Life Assurance Company, represented by Greg Furrier and Rob Tomlinson with Picor.
• Salazar Law Firm leased 1,897 square feet at 1 E. Congress, Suite 110 from Holualoa Congress LLC, represented by Tom Nieman of Picor.
• Saguaro Physicians LLC leased 1,868 square feet at 9356 E. Rita Road from TMC Holdings, represented by Rick Kleiner and Tom Knox, PICOR Commercial Real Estate Services.
• Rebecca Sanford State Farm Insurance leased 1,850 square feet at 5655 E. River Road from Larsen Baker, self-represented by Andy Seleznov. Aaron LaPrise, the Harpel Company, represented the tenant.
• W.M. Michael Cochran MD leased 1,846 square feet at 140 W. Duval Mine Road, Green Valley, in Valley Verde Center, from CJR Investments, represented by David Carroll, Romano Real Estate.
• Academy for Certification of Vision Rehabilitation and Education Professionals leased 1,540 square feet at 4732 N. Oracle Road from Oracle Office Park Associates LLC, represented by Ike Isaacson of CBRE. The tenant was represented by Gary Best of Keller Williams.
• Goodwill leased 1,500 square feet at 11931 N. 1st Ave. in Oro Valley from CTW-FVP LLC, represented by Craig Finfrock of Commercial Retail Advisors. Barry Kitay of Whirlygig Properties represented the tenant.
• Heather Lindquist leased 1,485 square feet at 43 S. 6th Ave. from Rich Rodgers Central Inc.,represented by Brandon Rodgers of Picor.
• Gaetana’s Salon & Spa leased 1,200 square feet at 8060 E. 22nd St., Suite 112, from 8060 E. 22nd Street LLC & D Ragel Enterprises LLC. The landlord was represented by Greg Furrier and Jeff Zellet, PICOR Commercial Real Estate Services.
• Performance Sports Therapy leased 1,219 square feet at 310 N. Wilmot Road from Healthcare Trust of America, represented by Howard Schwiebert, the Plaza Companies.
• Steve Smith Family Enterprises leased 1,182 square feet at 3860 S. Palo Verde Road, Suite 312, from Palo Verde Trust Partners LLC, represented by Rob Glaser and Paul Hooker, PICOR Commercial Real Estate Services. Jeff Zellet, also with Picor, represented the tenant.
• Bing’s Boba Tea LLC leased 1,050 square feet at 2040 W. Orange Grove Road, Suite 104, from La Cholla Plaza LLC, represented by David Carroll of Romano Real Estate Corporation.
• Skipco LLC leased 1,000 square feet at 3810 E. 44th St. from RR44 Inc., represented by Brandon Rodgers, PICOR Commercial Real Estate Services.
