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Completed Sale/Lease Transactions (July 20-31, 2020)

SALE

 

1335 W. Saint Mary’s, LLC purchased 47,808 square feet of multifamily space located at 1335 W. Saint Mary’s Rd. in Tucson.  Colonia de Tucson, an 84-unit apartment complex, was purchased from 19Tuc Jak Properties, LP for $4,625,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

7Four on Stone Apartments, LLC purchased 48,704 square feet of multifamily space located at 3450 N. Stone Ave. in Tucson.  7Four on Stone, a 74-unit apartment complex, was purchased from 7Four on Stone by Bakerson, LLC for $4,300,000. Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Benson DBS, LLC purchased a brand new Dollar General, located at 7265 E. Concho Dr. in Kingman, AZ., from SimonCRE Saltair II, LLC for $1,740,000.  Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction.

 

Benson DBS, LLC purchased a brand new Dollar General, located at 1330 E. 32nd St. in Silver City, N.M., from Silver City (E32) DNMP, LLC for $1,590,000.  Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction.

 

44th Street Logistics Center, LLC purchased a 49,226-square-foot industrial building, located at 3850 E. 44th St. in Tucson, from CJ Southwest Property Partners, LLC for $1,525,000.  Stephen D. Cohen, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

877 South Warren LLC purchased a 4,995-square-foot industrial building, located at 887 S. Warren Ave. in Tucson, from China Sea, LLC for $700,000.  Industrial Specialists Aubrey Finkelstein and Stephen D. Cohen, Principal with Cushman & Wakefield | PICOR, represented the buyer in this transaction.  Chris Itule with NAI Horizon, Tucson, represented the seller.

 

Stone Apartments, LLC purchased a 7,553-square-foot apartment facility, located at 2620 N. Stone Ave. in Tucson, from Stak Properties, LLC.  Stone Apartments, a 14-unit multifamily property was purchased for $640,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

CRE Strategic Investments, LLC purchased a 4,290-square-foot industrial building located at 320 E. Medina Rd. in Tucson.  The investment property was purchased from 320 Medina LLC for $595,000.  Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

Legacy LLC purchased a 1,700-square-foot building, located at 8320 E. Broadway Blvd. in Tucson and leased to Eegee’s restaurant, from Hogie House Restaurants, LLC for $565,000.  Aaron LaPrise, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

Huckleberry Holdings LLC purchased a 5,984-square-foot industrial building, located at 500 E. 26th St. in Tucson, from Bruce and Susan Burr Marital Trust for $410,000. Stephen D. Cohen, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Richard Gil with Sold Masters Realty, represented the buyer.

 

Ova Enterprises, LLC purchased a 3,078-square-foot retail building located at 100 W. 5th St. in Douglas, AZ. The single-tenant property was purchased from West 5th Properties Limited Partnership for $115,000.  Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Daniela Teran with Douglas Realty Group, represented the buyer.

 

LEASE

 

Art Center, Inc., d/b/a Southwest University of Visual Arts, leased 18,755 square feet of office space from BP Annex, LLC, located at 20 E. Congress St. in downtown Tucson.  Richard M. Kleiner, MBA, Principal, and Molly Mary Gilbert, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Amy Dattilo-Cavallaro with CBRE, Tucson, represented the tenant.

 

Parkinson’s Wellness Recovery leased 16,040 square feet of retail space in Wetmore Plaza, 4343 N. Oracle Rd., Suite 173 in Tucson, from Wetmore Plaza Shops.  Rob Tomlinson, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  Andrew Seleznov and Melissa Lal with Larsen Baker, LLC, represented the landlord.

 

Design in Iron and Fencing, LLC, leased 4,400 square feet of industrial space from Tin Cup Properties, LLC, located at 220 E. 27th St., Suites A, B, C & D in Tucson.  Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Automation Specialists, Inc. leased 4,024 square feet of industrial space in Butterfield Technology Center,  4775 S. Butterfield Dr., Suite 151 in Tucson, from Butterfield Technology Center, LLC.   Robert C. Glaser, SIOR, CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, and George Larsen, Andrew Seleznov and Melissa Lal with Larsen Baker, LLC, represented the landlord in this transaction.

 

TNT Fashions leased 3,240 square feet of retail space, located at 3658 S. 16th Ave., Suite D-01 in Tucson, from Santa Cruz Plaza AZ LLC / AAVRPARIZ LLC.  Dave Hammack, Principal, and Ramiro Scavo, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Sonoran Brazilian Jiu Jitsu Academy leased 2,652 square feet of retail space at 4410 E. Grant Rd. in Tucson, from H.L.F. Properties, Inc.  Ryan McGregor and Dave Hammack, Principal, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Aeris Family Dental Management, PLLC leased 2,480 square feet of industrial space in Clairemont Plaza, 1684 S. Research Loop, Suite 550 in Tucson, from Clairemont Partners, LLC.  Cushman & Wakefield | PICOR Industrial Specialists handled this transaction.  Max Fisher and Principal, Robert C. Glaser, SIOR, CCIM, represented the landlord in this transaction.  Principal, Brandon Rodgers, SIOR, CCIM, represented the tenant.

 

Matrix Service, Inc. renewed their lease with KCI-Broadway, LLC, Scott Seldin-Broadway, LLC, Belmont-Broadway, LLC, and Tucson 5151 Investments, LLC for a total of 2,389 square feet of office space located at 5151 E. Broadway Blvd., Suite 280 in Tucson.  Thomas J. Nieman and Richard M. Kleiner, MBA, Principals and Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Scott Schlottfelt with Commercial Oklahoma, represented the tenant.

                                                                                                                                                                       

Southern Arizona Brokerage, LLC leased 1,666 square feet of retail space at Sahuarita Crossings, 18741 S. Nogales Hwy., Suite 125 in Sahuarita, AZ., from FAE Holdings 461354R, LLC.  Rob Tomlinson, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  Benjamin Craney and Jayme Fabe with NAI Horizon, Tucson, represented the landlord.

 

Hanger Prosthetics & Orthotics West, Inc. renewed their lease with Corbett Properties, LLC for 1,520 square feet of office space in the Safeway Vistoso Center, 12162 N. Rancho Vistoso Blvd., Suite 101 in Oro Valley, AZ.  Richard M. Kleiner, MBA, Principal and Office Specialist with Cushman & Wakefield | PICOR and Daniel Rasmussen with Cushman & Wakefield, Washington, D.C., represented the tenant in this transaction.

 

Mostafa Rabini and Dayton F. Brown, Jr. leased 1,500 square feet of industrial space located at 2075 W. Gardner Lane, Suite 125 in Tucson, from Windmill Development, LLC.  Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Charles W. Cyrus Jr. and Esoteric Music Group leased 1,400 square feet of industrial space in South Dodge Business Center, 3240 S. Dodge Blvd., Suite 5 in Tucson, from Dodge Business Plaza Partners, LLC. Industrial Specialists Max Fisher and Principal, Robert C. Glaser, SIOR, CCIM, with Cushman & Wakefield | PICOR, handled this transaction.

 

Lee Interiors, LLC leased 1,370 square feet of industrial space in South Dodge Business Center, 3240 S. Dodge Blvd., Suite 2 in Tucson, from Dodge Business Plaza Partners, LLC.  Industrial Specialists Max Fisher and Principal, Robert C. Glaser, SIOR, CCIM, with Cushman & Wakefield | PICOR, handled this transaction.

 

La Cortina Drapery Shop, Inc. leased 1,200 square feet of industrial space located in Town Central Business Park, 4911 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.

 

AZ Professional Services, LLC and AZ Systems, LLC leased 1,129 square feet of industrial space in Midpoint Business Plaza, 3949 E. 29th St., Suite 706 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.

 

Satice Clothing, LLC leased 1,067 square feet of industrial space in Midway Business Park, 4500 E. Speedway Blvd. Suite 7 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.

 

Tucson Pole Fitness, LLC leased 1,050 square feet of space from Central Point Tucson, LLC, located at 3957 E. Speedway Blvd., Suite 201 in Tucson. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Joseph Castillo with Volk Company, represented the tenant.

 

Republican Party of Arizona leased 992 square feet of office space at 4099 E. 22nd St., Suite 109 in Tucson, from Rinly R. Gecosala, M.D,. PC.  Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Dependable Home Health, Inc. leased 569 square feet of office space in West Grant Centre, 1955 W. Grant Rd., Suite 112 in Tucson, from WestGrant Investors, LLC. Molly Mary Gilbert and Ryan McGregor, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

 

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