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Completed Sale/Lease Transactions (May 23rd – May 27th, 2022)

 

SALE  

 

Villa Delano Partners, LLC purchased a 28,690-square-foot multifamily facility located at 123 W. Delano St. in Tucson. Villa Delano Apartments, a 32-unit investment property, was purchased from 123 Delano LLC for $4,850,000. Allan Mendelsberg, Principal, and Conrad Joey Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.  

 

SimonCRE CSH III LLC purchased 14.84 acres of industrial land at Vacant Land, I-10 & Twin Peaks Rd. in Marana, from Robert Lee Conser, Gregory Paul Conser & Madelyn Patrice Conser Trust for $1,720,000. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  

 

Rancho California Centre purchased Lots 24, 25 and 26 at Southpointe in Tucson, totaling 6.16 acres of land. Rancho California Centre is planning to build two speculative industrial buildings of 118,500 and 60,500 square feet. Lot 24 was sold by Southpointe Partners, LLC, for $195,000, and was represented by Jesse Blum, Principal, Industrial Specialist with Cushman & Wakefield | PICOR. Lot 25 was sold by David B Lashbrook and Eliott Properties LLC, for $245,000, and was represented by Michael Hennessy with Burris, Hennessy & Co. Lot 26 was sold by Thai V Tran and Thanh T Tran, JT/RS, for $240,000, and was represented by Esther Empens with Tierra Antigua Realty. Rancho California Centre was represented in this transaction by Stephen D. Cohen, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, who will be working on the leasing of these new buildings. 

 

Schnitzer Properties, LLC purchased a total of 7.49 acres of land at 6160 and 6380 S. Country Club Rd. in Tucson. 3.24 acres at 6160 S. Country Club Rd. were purchased from Bilby-Country Club, LLC for $470,199. 2.83 acres at 6380 S. Country Club Rd. were purchased from 6380 South Country Club, LLC for $402,386. 1.42 acres at 6380 S. Country Club Rd. were purchased from Mosey 1, LLC and Deb-Bar Investments, LLC for $202,922. Industrial specialists with Cushman & Wakefield | PICOR handled these transactions. The sellers were represented by Robert C. Glaser, SIOR, CCIM, Principal. Schnitzer Properties, LLC was represented by Jesse Blum, Principal.    

 

Taco Bell purchased a land parcel located at Highway 92 and Canyon De Flores in Sierra Vista, AZ. The retail zoned property was purchased from Miller/Kelliher Trusts. Aaron LaPrise, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

  

 

LEASE 

 

OConGI, LLC, dba Marksman Pistol Institute, renewed their lease with Pegasus Tucson Owner LLC for 10,300 square feet of industrial space at Town Central Business Park, 5025, 5051, 5063, 5065, 5067, and 5069 E. 29th St. in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  

 

Lightsense Technology, Inc. leased 4,000 square feet of industrial space from Sundance Property Management, LLC, located in Grant Interstate Commons, 975 W. Grant Rd,, Suite 105 in Tucson.  Paul Hooker, SIOR, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in the transaction. Robert Davis, with Tango Commercial Real Estate, represented the tenant.  

 

Restaurant and Market Distribution LLC leased 2,364 square feet of industrial space at Palo Verde Business Center, 3860 S. Palo Verde Rd., Suite 317-318 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.  

 

Ali Garaawey & Amjad Aburahma leased 2,250 square feet of retail space at 5839 E. Speedway Blvd. in Tucson, from El Ganado Limited Partnership. Greg Furrier, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  

 

STAT Overnight Delivery LLC leased 1,440 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite 28 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. Stewart Flowers with Dollar Flowers Realty Partners, represented the tenant.  

 

Neltrek Evolution, LLC leased 1,200 square feet of retail space at 5301 E. Speedway Blvd. in Tucson, from H.L.F. Properties, Inc. The space will be used for selling electric bicycles, scooters, and related services, and serve as a wheel’s showroom. Andy Seleznov, CCIM, Retail Specialist, and Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  

 

RX2 Restoration, LLC leased 1,200 square feet of industrial space at South Dodge Business Center, 3230 S. Dodge Blvd., Suite 5 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.  

 

AZ Professional Services, LLC & AZ Systems, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,129 square feet of industrial space at Midpoint Business Plaza, 3949 E. 29th St., Suite 706 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

Edward D Jones & Co. LP, dba Edward Jones, renewed their lease for 912 square feet of office space, located in El Dorado Square, 1200 N. El Dorado Place, Suite F-646 in Tucson, with El Dorado Ventures, LLC. Thomas J. Nieman, Principal, and Molly Mary Gilbert, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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