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Completed Sale/Lease Transactions (November 15th-November 19th, 2021)

 

 

SALE  

 

Tucson Logistics Land, LLC purchased 9.07 acres of land from Butterfield Tucson Limited Partnership, and 2.296 acres of land from Stewart Family Limited Partnership. Both parcels are located at Butterfield Business Center, Lot D, in Tucson.  The purchaser plans to build a 194,750 square foot industrial building for lease on the site. Robert C. Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller. Stephen D. Cohen, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction, and will represent the project leasing as well. (Building rendering below)

 

 

Sunbelt 2, LLC purchased 60.92 acres of industrial land at Sunbelt Industrial Center, Rita Ranch Lot 2, E. Old Vail Road in Tucson, from JKKAP, LLC for $1,350,000. Stephen D. Cohen, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Max Fisher with BRD Realty represented the purchaser, who will develop industrial buildings on the site. 

 

Brighton Holdings purchased 0.42 acres of land at Mercado at Canada Hills Lot 9 in Oro Valley, from La Canada Land Holdings, LLC for $525,000. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, and Brandon Rodgers with BRD Realty, LLC, represented the buyer in this transaction. Barry Kitay with Whirlygig Properties, LLC, represented the seller. 

 

LEASE

 

Paragon Space Development Corporation leased 58,115 square feet of industrial space at Britannia Business Center, 3400 E. Britannia Drive, in Tucson, from Britannia Business Center, LLC. Jesse Blum, Industrial Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Relax the Back leased 5,975 square feet of retail space from River Equities, LLC, located in River Village Shopping Center, 5068 N. Oracle Rd. in Tucson.  Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Ben Craney with NAI Horizon, Tucson, represented the tenant.

 

Signal Power Group Operating, LLC leased 3,830 square feet of industrial space at Oro Valley Commerce Center, 10861 N. Mavinee Drive, Suite 163 in Tucson, from SN Investment Properties, LLC. Jesse Blum, Industrial Specialist, and Alex Demeroutis, with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Thomas Hunt with Tango Commercial Real Estate, represented the tenant.

 

Deb Waterbury, LLC, leased 3,327 square feet of office space from CALDOR Investments of Arizona, LLC, located in the Ina Corporate Center, 3275 W. Ina Rd., Suite 275 in Tucson.  Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Alexis Ryland with Buzz Isaacson Realty, LLC, represented the tenant.

 

Solutions Management Group, Inc., d//b/a ThinkSpace Executive Suites, leased 3,301 square feet of office space located at 10371 N. Oracle Rd., Suite 201 in Oro Valley, AZ., from The Lake Investment Group, LLC. Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Industrial Chemical of Arizona leased 2,400 square feet of industrial space at Ruthrauff Commerce Center, at 2460 W. Ruthrauff Road, Suite 170-180 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Patrick Flynn leased 1,400 square feet of industrial space at South Dodge Business Center, 3240 S. Dodge Blvd., Suite 6 in Tucson, from Pegasus Tucson Owner LLC.  Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

Steven Hagen & Mark Leputa leased 1,366 square feet of industrial space at Midpoint Business Plaza, 3949 E. 29th Street, Suite 709 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Bargain Barrio, Inc. leased 1,200 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 53 in Tucson, from Pegasus Tucson Owner LLC.  Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Natalie Kaplan leased 1,200 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 57 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Scott Haddock leased 1,200 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 56 in Tucson, from Pegasus Tucson Owner LLC.  Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

LEASE  RENEWAL

 

Delta Development renewed their lease with Pegasus Tucson Owner LLC for 10,349 square feet of industrial space at Eastpoint Business Plaza, 1635 S. Research Loop, Suite 301 & 303 in Tucson.  Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

HiTemp Management Consulting, Inc. renewed their lease with Pegasus Tucson Owner LLC for 3,688 square feet of industrial space at Butterfield Tech Center II, 4650 S. Coach Drive, Suite 120 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Piteau Associates USA, Ltd. renewed their lease with Pegasus Tucson Owner LLC for 3,521 square feet of industrial space at Palo Verde Business Center, 3860 S. Palo Verde Road, Suite 306, in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Fine Art Publishing, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 35 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Michael James Koblinsky renewed their lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Town Central Business Park, 4913 E. 29th Street, in Tucson.  Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Secure Lane, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at South Dodge Business Center, 3220 S. Dodge Blvd., Suite 8 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Geost, Inc. renewed their lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Ruthrauff Commerce Center, 2410 W. Ruthrauff Road, Suite 160 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Cline Tactical, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Exchange Place Business Center, 1870 W. Prince Road, Suite E-58 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Bella Window and Door, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,067 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 6 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Luna Recording Studio renewed their lease with Pegasus Tucson Owner LLC for 1,025 square feet of industrial space at Midway Business park, 4500 E. Speedway Blvd., Suite 86 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Affordable Auto Leather renewed their lease with Pegasus Tucson Owner LLC for 1,020 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 51 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

 

 

 

 

 

 

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