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Completed Sale/Lease Transactions (August 3-14, 2020)

SALE

 

Dry Desert, LLC purchased The Beverly on Fifth, a 33,188-square-foot multifamily property located at 5601 E. 5th St. in Tucson.  The 35-unit apartment complex was purchased from Wildcat 5601, LLC for $5,300,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

The Graymont, LLC purchased 18,320 square feet of multifamily space located at 1125-1129 E. 7th St. in Tucson. The Graymont, a 32-bed, upscale student-housing property, was purchased from Wildcat 32, LLC for $4,550,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists  with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

The City of Tucson purchased the 10,339-square-foot office building located at 465 W. Saint Mary’s Rd. in Tucson, from The Tucson Metropolitan Chamber of Commerce for $700,000. The City of Tucson already owned the land parcel.  Richard M. Kleiner, MBA, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

Gould Family Properties VIII, LLC purchased Lee Street Apartments, a 9,720-square-foot multifamily property located at 5420-5440 E. Lee St. in Tucson.  The 11-unit complex was purchased from the Irma Gronau Trust for $650,000. Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists  with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Walker Industrial II Properties, LLC purchased 3,474 square feet of industrial space, located at 2437 N. Stone Ave. in Tucson, from Popstone, LLC for $315,000. Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Matthew McDougall with Lee & Associates, represented the buyer.

 

Pyrite Enterprises, LLC purchased 6,819 square feet of retail space, located at 7821-7871 E. Wrightstown Rd. in Tucson, from Two Bar O Country Store, Inc. for $265,000. Greg Furrier, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

LEASE

 

Parts Authority, a leading national distributor of automotive replacement parts, tools/equipment and transmissions, leased 34,560 square feet of industrial space, located at 777 E. MacArthur Circle, Suites 131 and 141 in Tucson, from MacArthur Investments, LLC.  Cushman & Wakefield |PICOR Principals and Industrial Specialists handled this transaction.  Brandon Rodgers, SIOR, CCIM, represented the landlord; Stephen D. Cohen, represented the tenant.

 

Maxim Healthcare Services, Inc. renewed their lease with KCI-Broadway, LLC, Scott Seldin-Broadway, LLC, Belmont-Broadway, LLC, and Tucson 5151 Investments, LLC, for 7,267 square feet of office space located at 5151 E. Broadway Blvd., Suite 1100 in Tucson.  Richard M. Kleiner, MBA,  and Thomas J. Nieman, Principals and Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Peter McGill with Cushman & Wakefield, Baltimore, represented the tenant.

 

Sies Tres, LLC leased 3,350 square feet of retail space in El Corredor Shopping Center, 9740 N. Oracle Rd., Suite 106 in Oro Valley, from Boulder Oro Valley, LLC.  Ramiro Scavo, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  Deborah Heslop with Volk Company, represented the landlord.

 

The Republican Party of Arizona leased 2,516 square feet of office space at 7290 E. Broadway Blvd., Suite 124 in Tucson, from Swan Court, LLC. Molly Mary Gilbert and Ryan McGregor, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

TitleMax of Arizona, Inc. renewed their lease with Grant and Alvernon Realty Trust for 1,200 square feet of retail space in the Fry’s anchored Grant Center, located on the southeast corner of Grant Rd. and Alvernon Way in Tucson.  Greg Furrier, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Kings Parlor, LLC leased 1,200 square feet of retail space in Plaza Azteca, 3553 S. 12th Ave., Suite 101 in Tucson, from NAI Investments, LLC.  Cintya Denisse Angulo Garcia, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Six Feather’s Boutique, LLC leased 740 square feet of office space located at 8750 E. Speedway Blvd., Suite 110 in Tucson, from LLJ Holdings, LLLP.  Molly Mary Gilbert and Ryan McGregor, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

 

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