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Completed Sale/Lease Transactions (April 25th – April 29th, 2022)

 

SALE  

 

Rhino Realty of Nevada, LLC purchased 99,858 square feet of industrial space at Eastside Research Commerce Center, 1800 S. Research Loop in Tucson, from Java Property Investments, LLC for $9,357,692. Ron Zimmerman, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Grant Traub with Colliers International AZ, represented the buyer in this transaction. 

 

BLW Holdings, LLC, purchased a two-building, multi-tenant industrial property located on 1.74 acres at the northwest corner of Runway Dr. and Weymouth St. in northwest Tucson, just off the Prince Rd. / Interstate-10 Interchange. The 25,360-square-foot industrial complex was purchased for $1,850,000 from the Howard S. Feldman Testamentary Trust, Harriet S. Feldman Revocable Living Trust, “Trust A” under the Forrester Family Trust. Paul Hooker, SIOR, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction. John G. Yarborough and David Carroll, with Romano Real Estate Corporation, represented the seller. 

 

225 W Flores, LLC, and Colonia Properties TIC I, LLC, purchased Flores Apartments, a 20-unit, 9,255-square-foot multifamily investment property located at 225-255 W. Flores St. in Tucson. In an associated transaction, Colonia Investments, LLC, purchased Ventura Apartments, a 3-unit, 2,532-square-foot multifamily property located at 244 W. Ventura St. Both transactions, consisting of 23 units and 11,787 square feet of multifamily space in Tucson, were purchased from QOF, LLC for $1,491,000. Allan Mendelsberg, Principal, and Conrad Joey Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in these transactions. 

 

SBA Management, LLC purchased Units 4, 5, and 6 of Building 4 at Eastside Industrial Center, 1828 S. Research Loop in Tucson. The 48,853 square feet of industrial space was purchased from Tucson Industrial Real Estate Company, LLC for $1,150,000. SBA also owns two other buildings adjacent to the development, operating as Airtronics, Inc., a precision manufacturing, machining, and engineering shop. Stephen D. Cohen, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction. 

  

Torch Properties, LLC purchased 1,320 square feet of office space at 6783 E. Camino Principal, in Tucson, from MJN Enterprises Inc for $200,000. Molly Mary Gilbert, and Thomas J. Nieman, Principal, Office Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction. 

 

 

LEASE 

 

Pima Vox LLC leased a 1.84-acre industrial yard from DVLP LLP, located at 4261 N. Sullinger Ave. in northwest Tucson. Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

Freig Carrillo Forwarding, Inc. leased 26,000 square feet of industrial space from Nogales Warehouse, LLC, located in Border Warehouse, 772 W. Frontage Rd., Suite 1 in Nogales, AZ. Jose Dabdoub, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Lucette Mimiaga, with Agave Premier Properties, represented the tenant. 

 

Nexus Arizona LLC leased 18,813 square feet of office space at Butterfield Technology Center, 4775 S. Butterfield Dr., Suite 149 C and D in Tucson, from Butterfield Technology Center, LLC and Foodtown Development Company, L.L.C. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, and Isaac Figueroa with Larsen Baker, LLC represented the landlord in this transaction. John Barnes and Matt Fitz-Gerald with Colliers International AZ, represented the tenant. 

 

Diego Dominguez and Gerardo Dominguez leased 15,355 square feet of retail space from CRE Strategic Investments, LLC, located in Santa Cruz Plaza, 3662 S. 16th Ave., Suites 100, 102, 104, in Tucson. Ron Zimmerman, Principal, Industrial Specialist, and Andy Seleznov, CCIM, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

  

Bowman Consulting Group, Ltd. leased 10,148 square feet of office space from CALDOR Investments of Arizona, LLC, located in Ina Corporate Center, 3275 W. Ina Rd., Suite 220 in Tucson. Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Keith Lammersen, with Jones Lang LaSalle Americas, Inc., represented the tenant. 

 

Morris K Udall and Stewart L Udall Foundation leased 9,007 square feet of office space at The Trinity, 434 E. University Blvd., 3rd Floor in Tucson, from Trinity Project Investors, LLC. Molly Mary Gilbert, and Richard M. Kleiner, MBA, Principal, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Chris Tsighis with Coldwell Banker Realty, represented the tenant. 

 

Patriot Internal Medicine leased 1,430 square feet of office space at San Rafael Medical Center, 6620 E. Carondelet Dr., Suite 1 in Tucson, from Chargers 2, LLC. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

Altitude Financial Corporation renewed their lease with El Dorado Ventures, LLC for 1,405 square feet of office space at El Dorado Square, 1200 N. El Dorado Place, Suite H-820 & H-820A in Tucson. Thomas J. Nieman, Principal, and Molly Mary Gilbert, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

ABL Aero, LLC leased 1,261 square feet of industrial space located in Eastside Research Commerce Center, 1642 S. Research Loop, Suite 130 in Tucson, from Eastside Center, LLC. Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

  

Riley Engineering, LLC renewed their lease with CALDOR Investments of Arizona, LLC for 1,234 square feet of office space located in Ina Corporate Center, 3275 W. Ina Rd., Suite 160 in Tucson. Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

Oasis Dermatology, PC renewed their lease with Green Valley MOB, LLC for 962 square feet of office space located in Green Valley Medical Mall, 1055 N. La Canada Dr., Suite 101 in Green Valley, AZ. Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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