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Completed Sale/Lease Transactions (March 21st – March 25th, 2022)

 

SALE  

 

Rubicon Convent LLC purchased Convent Apartments, an 8,607-square-foot multifamily property located at 69 W. Simpson St. and 331-345 S. Convent Ave. in Tucson. The 12-unit complex was purchased from 331 Convent LLC, for $3,500,000. Allan Mendelsberg, Principal, and Conrad Joey Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction. 

 

Dybbol 1864, LLC purchased a 25,815-square-foot retail building located at 3931 W. Costco Dr. in Marana. The junior anchor property, situated on 4.05 acres in Costco Plaza, was purchased from Dorothy Dunlap Trust and D.D. Dunlap Trust for $2,900,000. Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the seller in the transaction. Nicholas Egide, with Meridian Commercial Property Management, Inc., represented the buyer. 

 

Rubicon 4th LLC purchased 4th Avenue Apartments, a 6,002-square-foot multifamily property located at 228 N. 4th Ave. in Tucson. The 8-unit complex was purchased from 228 4th Ave LLC, for $1,600,000. Allan Mendelsberg, Principal, and Conrad Joey Martinez, Multifamily Specialists, with Cushman & Wakefield | PICOR, represented both parties in this transaction. 

 

 

LEASE 

 

AB46 Investments LLC renewed their lease with 3775 East 34th Street, LLC for a 52,233 square-foot industrial building at 3775 E. 34th St. in Tucson. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  

  

CWPS Corp, dba Mister Car Wash, leased 10,000 square feet of industrial space at Central City Business Park, 355 S. Euclid Ave., Suite 101-103 in Tucson, from Pascoe Investment-Arizona, LLC. Stephen D. Cohen, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Buzz Isaacson with Buzz Isaacson Realty, LLC, represented the tenant. 

   

Zeta Corporation renewed their lease with Pegasus Tucson Owner LLC for 3,360 square feet of industrial space at Broadbent Business Center, 2045 N. Forbes Blvd., Suite 102 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

The Dog House Cigar Bar leased 3,200 square feet of retail space from EREP Ventana II, LLC, located in Ventana Village Shopping Center, 6866 E. Sunrise Dr., Suite 150 in Tucson. Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

SPS+ Architects, LLC leased 3,028 square feet of office space at 219 N. 3rd Ave., Suite 4 & 5 in Tucson, from Iron Partners, LLC. Andy Seleznov, CCIM, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. David Volk with Volk Company, represented the tenant. 

 

Fire Fitness Tucson 3, LLC, dba F45 Training Casas Adobes, leased 2,644 square feet of retail space from PDO Real Property, LLC, located in Placita del Oracle, 6011 N. Oracle Rd., Suite 101 in Tucson. Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in the transaction. William Sunkenberg with Upland Group, Inc. represented the tenant.

 

Howmedica Osteonics Corporation renewed their lease with Pegasus Tucson Owner LLC for 2,634 square feet of industrial space at Palo Verde Business Center, 3880 S. Palo Verde Rd., Suite 403 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Hagen Hyatt with Jones Lang LaSalle Americas, Inc., represented the tenant. 

  

Motus Performance leased 2,587 square feet of retail space at 6875 E. Sunrise Dr., Suite 131 in Tucson, from The MEF Company, Inc. Aaron LaPrise, Principal, Retail Specialist with Cushman & Wakefield | PICOR, handled the transaction. 

    

RAL Construction, LLC, leased 2,378 square feet of office space, located at 1159 N. Craycroft Rd. in Tucson, from Theodore and April McGuire.  Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in the transaction.  Joseph Castillo, with Volk Company, represented the tenant. 

  

Pro Remodeling & Restoration, Inc. renewed their lease with Pegasus Tucson Owner LLC for 1,800 square feet of industrial space at South Dodge Business Center, 3200 S. Dodge Blvd., Suite 2 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

  

Fermented Tea Company, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,444 square feet of retail space at Palo Verde Business Center, 3820 S. Palo Verde Rd., Suite 110 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

  

Ironwood Well Service, LLC leased 1,360 square feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Rd., Suite 140-142 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

Mountain Springs Electric, LLC leased 1,295 square feet of industrial space from Eastside Center, LLC, located in Eastside Research Commerce Center, 1630 S. Research Loop, Suite 160 in Tucson. Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

Midtown Artisans L.L.C. renewed their lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Commerce Plaza, 245 S. Plumer Ave., Suite 20 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.   

 

Venario, Inc. renewed their lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Commerce Plaza, 245 S. Plumer Ave., Suite 18 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

FPG Arizona, 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 Rd., Suite 56 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

Joshua Lane Barraza leased 1,200 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 47 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

Michael Lussier leased 900 square feet of industrial space at South Dodge Business Center, 3621 E. 44th St., Suite 12 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

Victory Assembly of God of Pima County, Arizona, Inc., dba Zion City leased 680 square feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Rd., Suite 130 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

 

 

 

 

 

 

 

 

 

 

 

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