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Completed Sale / Lease Transactions (April 1-16, 2020)

SALE

 

Prince Road Associates, LLC purchased Old Vail Plaza located at 10235 E. Old Vail Rd. in Tucson.    Old Vail Plaza, a 7,200 square-foot retail center anchored by Baggins Gourmet Sandwiches and Brooklyn Bedding, was purchased from OVP Lot 10, LLC for $2,825,000.  Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction.  Mark Ruble and Jaime Medress, with Marcus & Millichap Real Estate Investment Services, represented the seller.

 

Pyramid Federal Credit Union purchased a 17,901 square-foot office building located at 4911 E. Broadway Blvd. in Tucson, from Santo Tomas Partners, LLP for $1,800,000.   Richard M. Kleiner, MBA, and Brandon Rodgers, SIOR, CCIM, Principals with Cushman & Wakefield | PICOR, represented the seller in this transaction. Nancy McClure with CBRE, represented the buyer.

 

Sunset Capital Partners, LLC purchased Carlton Apartments, a 36-unit multifamily property.  The 27,066 square-foot apartment complex, located at 4363 E. 2nd St. in Tucson, was purchased from RGC Apartments, LLC for $1,625,000.  Allan Mendelsberg, Principal and Multifamily Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Equilibrium Garden Park II, LLC purchased Casa Larga, a 36-unit apartment complex located at 6590 E. Golf Links Rd. in Tucson.  The 13,440 square-foot multifamily property was purchased from 1990 Bennett Revocable Trust for $1,440,000.  Allan Mendelsberg, Principal and Multifamily Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Nicholas Tomko with Equilibrium Realty, LLC, represented the buyer.

 

AZDA, LLC purchased 8,500 square feet of multifamily space located at 3521 N. Flowing Wells Rd. in Tucson.  Flowing Wells Apartments, a 14-unit apartment complex, was purchased from Flowing Wells Apartments, LP for $960,000.  Allan Mendelsberg, Principal and Multifamily Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

SW Sun Control Shade Systems purchased two warehouse buildings totaling 11,195 square feet of industrial space.  The investment properties, located at 841 E. 47th St. (5,750 SF) and 851 E. 47th St. (5,445 SF) in Tucson, were purchased from Walter L. Pearson and Jill D. Pearson, Trustees of the Walter L. and Jill D. Pearson Trust, for $740,000.  Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

 

AIM Wealth Partners, LLC purchased a 3,003 square-foot office building located at 2850 N. Swan Rd., Suite 120 in Tucson, from Fleischman Building, LLC for $510,510.  Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  David Montijo with CBRE, Inc. represented the buyer.

 

Tucson Center for Women and Children, Inc., dba Emerge Center Against Domestic Abuse, purchased a 3,870 square-foot office building located at 4455 E. 5th St. in Tucson, from Mama’s Hawaiian BBQ, Inc. for $485,000.  Thomas J. Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction.  Michael Gross with Tucson Realty & Trust Co., represented the seller.

 

LPSB Investments, LLC purchased 1,988 square feet of industrial space located at 115 and 129 E. Plata St. in Tucson, from Tucson Plata, LLC for $325,000.  Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. David Carroll with Romano Real Estate Corporation, represented the buyer.

 

Middlefork RV Resort purchased 3,780 square feet of industrial space located at 2405 and 2411 W. Wetmore Rd. in Tucson, from Sulpro, LLC for $265,000. Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

Vinicius Ribeiro Da Cruz and Vitor Ribeiro Da Cruz purchased 2,710 square feet of retail space from Ernie’s British Cars, Parts and Service, Inc., located at 1121 and 1207 W. Wetmore Rd. in Tucson for $212,500.  Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

Amigo Arizona Properties, LLC purchased a 2,550 square-foot retail building located at 4300-4304 S. 6th Ave. in Tucson, from Blanca Julia Bray for $157,500.  Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.   Frank Arrotta, with Tucson Realty & Trust Co., represented the buyer.

 

LEASE

 

Independent Electric Supply, Inc. leased 44,592 square feet of industrial space, located at 777 E. MacArthur Circle in Tucson, from MacArthur Investments, LLC.  Brandon Rodgers, SIOR, CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Mike Parker with CBRE, Phoenix, represented the tenant.

 

Mahr, Inc. leased 4,000 square feet of industrial space in Grant Road Commons, 975 W. Grant Rd., Suite 105 in Tucson, from Sundance Property Management, LLC.  Paul Hooker, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Michael Coretz, with Commercial Real Estate Group of Tucson LLC, represented the tenant.

 

Arizona Medcorp, Inc. leased 2,966 square feet of medical office space in St. Mary’s Medical Pavilion, 1707 W. St. Mary’s Rd. in Tucson, from PMB Tucson, LLC.  Richard M. Kleiner, MBA, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Shaun Rudgear with West USA Realty, Scottsdale, represented the tenant.

 

FWN Investments, LLC leased 2,400 square feet of industrial space in Midway Business Park, 4500 E. Speedway Blvd., Suites 47/48 in Tucson, from Presson Midway, LLC. Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

MJNailz, LLC leased 2,147 square feet of industrial space in Midway Business Plaza, 1835 S. Alvernon Way in Tucson, from Presson Midpoint, LLC.  Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Safety, LLC leased 1,241 square feet of industrial space in 29th Street Business Park, 4909 E. 29th St. in Tucson, from Presson Corporation.  Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled transaction.

 

Modern Innovations Warehouse, LLC leased 1,200 square feet of industrial space in 29th Street Business Park, 4917 E. 29th St. in Tucson, from Presson Corporation.  Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Blind Hill, LLC leased 1,200 square feet of industrial space in Commerce Plaza, 245 S. Plumer Ave. in Tucson, from Plumer Partners, LLC.  Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Gordon Reay leased 120 square feet of office space located at 8880 E. Speedway Blvd, Suite 201 in Tucson, from Schrader and Schrader, LLC.  Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

 

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