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Completed Sale/Lease Transactions (January 1- February 19, 2021

 

 

SALE

 

Metro Tucson Living SPE, LLC purchased a 129,389-square-foot, multifamily complex located at 3985 N. Stone Ave. in Tucson.  The Villas at Roger Road, a 232-unit apartment property, was purchased from Equilibrium Villas, LLC for $19,000,000.   Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

AZCOMS, LLC purchased a 140,000-square-foot industrial building located at 5120 S. Julian Dr. in Tucson.  The industrial warehouse property, located on 12.71 acres near Palo Verde Rd. and Interstate 10, was purchased from Warehouseone, LLC for $6,125,000.  The building will be occupied by COMSovereign, a U.S.-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions.  Stephen D. Cohen, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

CRE Higley Park, LLC purchased 35,603 square feet of industrial space located in Gateway Industrial Park, 3690, 3710, 3720 S. Park Ave. in Tucson.  The multi-tenant commercial buildings were purchased from William Lee, LLC for $2,745,000.  Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

TGOT Holdings Pima Campus, LLC purchased the 20,337-square-foot Pima Professional Plaza, 5700 E. Pima St., in Tucson. The professional office/medical complex was sold by the Christopher B. Heward and Pamela F. Heward Family Revocable Trust for $2,310,000.  Richard M. Kleiner, MBA, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction. Andrew Ostrander with Keller Williams, Professional Partners, represented the seller.

 

Bloomfield Capital LLC purchased the Roger at Oracle Business Center, a 20,198-square-foot, multi-tenant property located in 460-470 W. Roger Rd. in Tucson. The flex showroom property was purchased from Roger 14, LLC for $1,691,250.  Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals, and Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

2152 Country Club, LLC purchased an 18,500-square-foot, multifamily property located at 2152 N. Country Club Rd. in Tucson.  Country Club Manor Apartments, a 25-unit complex, was purchased from Country Club 25, LLC for $1,600,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Gateway Apartments, LP purchased 2.11 acres of commercial land located in Oracle Gateway Plaza, on the northeast corner of Oracle Rd. and Drachman St. in Tucson. The acreage was purchased from Oracle Gateway, LLC for $1,400,000.  Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Jason Hisey with Stonecorner Real Estate and Development, Inc., represented the buyer.

 

EMZ Equity Group, LLC purchased a 13,200-square-foot multifamily property located at 2053 N. Alvernon Way in Tucson.  North Alvernon Apartments, a 24-unit complex, was purchased from AZDA, LLC for $1,350,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

CRE Higley Park purchased a 14,986-square-foot industrial building located in Butterfield Business Center, 4650 S. Butterfield Dr. in Tucson, from Brey Holdings for $1,250,000.  Robert C. Glaser, SIOR, CCIM, and Ron Zimmerman, Principals, and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.  Robert Glaser represented the seller; Ron Zimmerman represented the buyer.

Glenwood Gorgeous, LLC purchased a 10,954-square-foot office building located at 343 S. Scott Ave. in Tucson.  The redevelopment project was purchased from Arizona Theater Company for $1,151,000 and will be converted into a multifamily property.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

BRInc Colonial, LLC purchased a 11,589-square-foot multifamily property located at 301 E. Helen St. in Tucson.  Colonial Villas Apartments, a 19-unit complex was purchased from Shakin Mendelsohn 2004 Trust for $1,100,000. Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Sierra Vista Casitas, LLC purchased a 25,356-square-foot, multifamily property located at 201 W. Fry Blvd. in Sierra Vista, AZ.  Desert Inn Apartments & Motel was purchased from ZONA Investments SPE, LLC for $1,100,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

Refrigeration Supplies Distributor purchased 14,000 square feet of industrial space located at 2101-2103 E. 19th St. in Tucson, from CC Financials, LLC for $975,000.  Robert C. Glaser, SIOR, CCIM, Principal, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Jason Ward with Cushman & Wakefield, Irvine, represented the buyer.

 

Arizona Oral and Maxillofacial Surgeons purchased 0.60 acres of vacant land located in the Rancho Sahuarita Master Planned Community at 16045 S. Rancho Sahuarita Blvd. in Sahuarita, AZ.  This will be AOMS’s third location in the Tucson market which will open late 2021.  The pad site was purchased from Rancho Sahuarita XX, LLC for $550,000.  Aaron LaPrise and Dave Hammack, Principals, and Retail Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Karen Farrell with Venture West represented the buyer.

 

Jersey 4896, LLC purchased a 5,551-square-foot industrial building located in Shamrock Center, 4896 N. Jersey Court in Tucson. The property was purchased from Jersey Court Properties, LLC for $475,000.  Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction.

 

Tyler Barrett, Rodney Rivera and Shane Costello purchased Blacklidge Apartments, a 5,452-square-foot multifamily property located at 260-266 W. Blacklidge Dr. and 3000-3008 N. Balboa Ave. in Tucson.  The 8-unit complex was purchased from Blackboa Properties, LLC for $475,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Tim Hadrich with Regent Goldstar Real Estate, LLC, represented the buyer.

 

La Frontera Center, Inc. purchased 0.27 acres of commercial land located in Gateway Plaza, 1430 N. Oracle Rd. in Tucson.  The land parcel was purchased from Oracle Gateway, LLC, for $300,000.  Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Jason Hisey with Stonecorner Real Estate and Development, Inc., represented the buyer.

 

Walker Industrial II Properties, LLC purchased 1,473 square feet of office space located in Rancho Vistoso Business Park, 12480 N. Rancho Vistoso, Suite 17 in Oro Valley, AZ.  The professional office condominium was purchased from Oro Vistoso, LLC for $290,000.  Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Matthew McDougall with Lee & Associates, represented the buyer.

 

Roof R US, LLC purchased 3,700 square feet of industrial space located at 9144 S. Eisenhower Rd. in Tucson, from Jesus M. Valenzuela and Jose A. Valenzuela for $250,000.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Angel Rodriguez with Realty Executives Arizona Territory represented the buyer.

 

S & L Building Partners, LLC purchased 3,058 square feet of industrial space located at 1316 E. 21st St. in Tucson.  The industrial manufacturing building was purchased from Tucson Territory Industrial Properties, LLC for $240,000.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

DS Capital Management, LLC purchased 1,928 square feet of multifamily space located at 120-122 E. Yavapai Rd. in Tucson.   The Yavapai residential housing property, consisting of two, single-family residences, was purchased from Ernest R. Allen and Connie R. Allen, JT/RS for $195,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Johnny Ruiz purchased 5.33 acres of vacant industrial land located at 5333 S. Swan Rd. in Tucson, from ASC World Ventures, PLLC for $150,000.  Ryan McGregor and Ron Zimmerman, Principal, with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Peter Canacakos with Long Realty Company represented the buyer.

 

Nack Holdings, LLC purchased 2.50 acres of vacant land located on Camino Caralampi in Rio Rico, AZ.  The commercial land parcel was purchased from Van Veen Investments, LLC for $148,000.  Jose Dabdoub, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

 

LEASE

 

TMC Healthcare leased 82,058 square feet of medical office space from HSRE-MPCCA Tucson MOB II, LLC, in the El Dorado Health Campus, 1398-1400 N. Wilmot Rd. in Tucson.  Richard M. Kleiner, MBA, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

 

Mariposa Inspection Terminal, LLC leased 19,950 square feet of industrial space in Nogales, AZ. Cintya Denisse Angulo Garcia, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Glenn3, LLC and ASD, LLC purchased a 10,410-square-foot medical office located in the Glenn Medical Center, 5150 E. Glenn St. in Tucson.  The single-tenant, medical office building was purchased from Sunrise Properties Leasing, LLC for $3,250,000.  Richard M. Kleiner, MBA, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

Jet Sports, LLC leased 6,301 square feet of industrial space located at 4221 S. Santa Rita Ave., Suite 103 in Tucson, from Ronald W. Brown Trust. Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Chris Itule with NAI Horizon, represented the tenant.

 

Miramonte Plaza, LLC purchased a 5,609-square-foot office building, located at 3125-3131 E. 2nd Street in Tucson, from AGARE, LLC for $1,100,000. Brandon Rodgers, SIOR, CCIM, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Bruce Suppes and Ian Stuart with CBRE, represented the buyer.

 

Pohle NV Center, Inc. leased 5,200 square feet of retail space from Sally T. Taylor located in Costco Plaza, 3951 W. Costco Dr., Suite 101 in Marana. Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. Dave Carroll with Romano Real Estate Corporation, represented the landlord.

 

Palo Verde Church of Christ Corporation leased 3,721 square feet of space from San Vincente Properties, LLC, in Eastside Research Commerce Center, 1551 S. Eastside Loop, Suite 121 in Tucson.  Cushman & Wakefield | PICOR handled this transaction.  Stephen D. Cohen, Principal, and Aubrey Finkelstein, Industrial Specialists, represented the landlord; Rob Tomlinson, Principal, and Retail Specialist, represented both parties in this transaction.

 

Rachel S. Stover, M.D., renewed her lease with El Dorado Ventures, LLC, for 2,505 square feet of office space located in El Dorado Square, 1200 N. El Dorado Pl. Suite D-400 in Tucson.  Thomas J. Nieman, Principal, and Molly Mary Gilbert, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Tucson Bagel Company, LLC, d/b/a Brueggers Bagels, renewed their lease with ROK Colonia Verde, LLC. for 2,400 square feet of retail space located in Colonia Verde Shopping Center, at the northeast corner of Tanque Verde Rd. and Sabino Canyon Rd. in Tucson.  Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Goodman & Goodman, PLC leased 1,940 square feet of office space from Issa Y. & Henrietta Z. Hallaq, located in the One W. Wetmore office complex, 1 W. Wetmore Rd., Suite 107 in Tucson.  Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Vance, LLC leased 1,440 square feet of retail space from Tin Cup Properties, LLC, located in Regency Plaza, 4145 W. Ina Rd., Suite 161 in Tucson.  Principals, Dave Hammack and Ron Zimmerman with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Robert Lamb with Long Realty Company, represented the tenant.

 

Tomas Garakat leased 1,243 square feet of retail space from Kevin Kwan located in Kwan Center, 2509 N. Campbell Ave. in Tucson,. Dave Hammack, Principal and Ramiro Scavo, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Lendmark Financial Services, LLC leased 1,200 square feet of retail space from Barclay Holdings XVIII-A, LLC, located in Old Spanish Trail Crossing, 9525 E. Old Spanish Trail, Suite 127 in Tucson.  Dave Hammack and Aaron LaPrise, Principals and Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

After 40 years at their original location on Cardinal & Drexel, Tania’s Flour Tortillas and Mexican Food will be expanding to open their second Tucson-area location in Sahuarita, AZ.  They leased 1,200 square feet of restaurant space within the Rancho Sahuarita Marketplace located at I-19 & Sahuarita Rd. from Rancho Sahuarita Commercial Ventures, LLC.  Aaron LaPrise and Dave Hammack, Principals, and Retail Specialists with Cushman & Wakefield | PICOR, handled this transaction on behalf of the landlord.

 

Brian Padias, d/b/a DASTucson, leased 1,193 square feet of industrial space from Presson Corporation in Town Central Business Park, 4903 E. 29th St. in Tucson.  Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals, and Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Edged Barber Shop leased 1,100 square feet of retail space in Lee Lee Plaza, 2040 W. Orange Grove Rd., Suite 150 in Tucson, from Pearland RJR, LLC.  Aaron LaPrise and Dave Hammack, Principals, and Retail Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Lan Thong leased 1,000 square feet of industrial space from Presson Corporation located in Town Central Business Park, 5003 E. 29th St in Tucson.  Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals, and Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Lesher & Corradini, PLLC renewed their lease with KCI-Broadway, LLC, Scott Seldin-Broadway, LLC, Belmont-Broadway, LLC, and Tucson 5151 Investments, LLC, for 1,032 square feet of office space located at 5151 E. Broadway Blvd., Suite 1540 in Tucson. Principals, Thomas J. Nieman and Richard M. Kleiner, MBA, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Adam Colbert, MD, PLLC leased 932 square feet of office space from El Dorado Ventures, LLC, in El Dorado Square, 1200 N. El Dorado Pl., Suite D-420 in Tucson. Molly Mary Gilbert and Principal, Thomas J. Nieman, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

iFix Smartronics, LLC leased 900 square feet of retail space from Oracle Plaza, LLC, located at 6336 N. Oracle Rd., Suite 334 in Tucson.  Cushman & Wakefield | PICOR Retail Specialists handled this transaction.  Diane Carlson and Greg Furrier, represented the landlord, and Ramiro Scavo represented the tenant in this transaction.

 

Success Forces, LLC leased 844 square feet of industrial space from Central Point Tucson, LLC, in the Central Point Business Plaza, located at 3959 E. Speedway Blvd., Suite  316 in Tucson. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Aviar Commercial Space Planning & Design, Inc. leased 835 square feet of office space from Tucson Portfolio 8, LLC, located at 7650 E. Broadway Blvd., Suite 212 in Tucson.  Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  Jon O’Shea with Vast Commercial Real Estate Solutions, LLC, represented the landlord.

 

Soulful Beauty leased 681 square feet of retail space from Conley Holdings, LLC, located in Santa Fe Square, 7000 E. Tanque Verde Rd., Suite 9 in Tucson.  Dave Hammack, Principal, and Ramiro Scavo, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Karen Gauci leased 400 square feet of office space from MJ 96, LLC, located at 2292 W. Magee Rd., Suite 1 in Tucson.  Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Nina Bingham and Rachael Maher leased 284 square feet of office space from 4023 Investments, Inc., located at 4021 E. Grant Rd., Suite 145 in Tucson. Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

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