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Completed Sale/Lease Transactions (November 22nd-December 3rd, 2021)

 

SALE

 

Albany Road-East Elvira LLC purchased 109,969 square feet of industrial space at 2650 E. Elvira Road in Tucson, from Holualoa Elvira, LLC for $16,200,000. Jesse Blum, Industrial Specialist, and Alex Demeroutis with Cushman & Wakefield | PICOR, and Chris Marchildon and Barry Gabel with CBRE, represented the seller in this transaction.

 

Zambinc, LLC, purchased a single-tenant NNN investment property, a newly constructed Dollar General, located at 6450 S. Sandario Rd. in Tucson.  The investment sale transaction was purchased from DCM Development Company, LLC, for $2,071,414.  Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented DCM Development in this transaction. Sheila Myers-Moore with S A Moore Realty Services, LLC, represented Zambinc.

 

BLC Real Estate Subsidiary AZ LLC purchased The Conrad Apartments, a 11,586 square feet multifamily investment property located at 301 W. Helen Street in Tucson. The 19 unit apartment facility was purchased from BRInc Colonial, LLC for $1,950,000. Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Brinc Dale MHP, LLC, purchased 4,807 square feet of multifamily space located at 3074, 3102, 3106 N. Alvernon Way, and 3101, 3102, 3125, 3130 N. Dale Ave. in Tucson.  The investment sale transaction, purchased from Joseph E. Schulte, Jr. for $1,925,00, included the acquisition of three, single-family residences and Dale Mobile Home Park, a 36-space manufactured housing community.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Hedgehog, LLC purchased 8th Street Apartments, a 3,286 square foot multifamily investment property located at 837 S. 8th Avenue in Tucson. The 4 unit apartment complex was purchased from 837 8th Ave LLC for $725,000. Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction. Michael Bennett and Larry Burr with Atlas AZ, LLC, represented the buyer.

 

Jaguar Electric, L.L.C. purchased 3,080 square feet of office/retail space at 2540 E. 22nd Street in Tucson, from Soka Gakkai International – USA for $300,000. Rob Tomlinson, Principal, Retail Specialist, and Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Patricia Martin and Patrick Teske, with Tierra Antigua Realty, represented the buyer.

 

WB Real Estate, LLC, purchased a 7.10-acre land parcel located at 5050 E. Valencia Rd. in Tucson, from Jet King Shing Ho for $775,000. Greg Furrier and Paul Hooker, Principals with Cushman & Wakefield | PICOR, represented the seller in this transaction. Bonnie Arlia and Darren Pitts, with Velocity Retail Group, Phoenix, represented the buyer.

 

Backyard Pool Plastering Service & Repair, LLC, purchased 3.20 acres of industrial land located in Swan Industrial Park, 4630 E. Eco Industrial Pl. in Tucson. The vacant land parcel was purchased from Swan Industrial, LLC, and Kazolt, LLC, for $99,500. Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Pat Welchert, with Alpha Commercial Real Estate Services, represented the buyer.

 

 

LEASE

 

United Refrigeration, Inc., leased 16,520 square feet of industrial space from GS Eternal, LLC-Series C, located at 2125 E. Beverly Dr. in Tucson.  Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Tim Healy, with CBRE, Tucson, represented the tenant.

 

CJ 5 Enterprises, LLC, leased 10,600 square feet of industrial space from 6363 S Country Club, LLC, located at 6363 S. Country Club Rd., Suite 151 in Tucson.   Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Lechner Construction, Inc. leased 2,400 square feet of industrial space at Exchange Place, 1870 W. Prince Road, Suite 59/60 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. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.

 

Optimal Wireless, LLC leased 2,034 square feet of retail space at Kino Gateway Shopping Center, 2091 E. Irvington Road, Suite 129 in Tucson, from Kino Gateway Center, LLC. Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Liberty Partnership Community Council leased 2,022 square feet of industrial space from ABP, LLC, located in the Airport Business Park, 3191 E. Valencia Rd., Suite 111 in Tucson.  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, represented the tenant.

 

Project H.O.M.E. leased 1,826 square feet of office space, located at 3822 E. 5th Street in Tucson, from J Rigg LLC & MB Consulting Services LLC. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Faircloth Construction, LLC leased 1,067 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd, Suite 104 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.

 

Carpet and Flooring Network leased 900 square feet of retail space Midpoint Business Plaza, 1835 S. Alvernon Way, Suite 210 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.

 

Clarissa Vargas leased 176 square feet of office space at West Grant Centre, 1955 W. Grant Road, Suite Q in Tucson, from WestGrant Investors, LLC. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

 

LEASE RENEWAL

 

Blackrock Brewers, Inc. renewed their lease with Pegasus Tucson Owner LLC for 3,760 square feet of industrial space at Clairemont Plaza, 1664 S. Research Loop, Suite 200 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Firetrol Protection Systems, Inc. renewed their lease with Pegasus Tucson Owner LLC for 2,880 square feet of industrial space at Exchange Place Business Center, 1870 W. Prince Road, Suite 24-25 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Stewart Title and Trust of Tucson renewed their lease with AP&D Investments, LLP for 2,200 square feet of industrial space at Alvernon Business Center, 3865 E. 34th Street, Suite 108 in Tucson. Robert C. Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

HomeAid Solutions, LLC renewed their lease with Pegasus Tucson Owner LLC for 908 square feet of industrial space at Butterfield Business Park, 4555 S. Palo Verde Road, Suite 163 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Centimark Corporation renewed their lease with Pegasus Tucson Owner LLC for 859 square feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Road, Suite 120 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Premier Aviation, LLC, renewed their lease with Coronado Tower Tucson, LLC, for 608 square feet of office space located at 17 W. Wetmore Rd., Suite 101 in Tucson.  Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  John Hamner, CCIM, and Julian Willetts, with RE/MAX Excalibur, represented the tenant.

 

Espresso Wrench Maintenance Co., Inc. renewed their lease with Pegasus Tucson Owner LLC for 600 square feet of industrial space at Dodge Business Center, 3210 S. Dodge Blvd., Suite 3 in Tucson. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

 

 

 

 

 

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