SALE
Brandon Investments LLC purchased 51,786 square feet of industrial space at 6701 S. Midvale Park Rd. in Tucson, from 6701 S. Midvale Park LLC for $5,550,000. Stephen D. Cohen, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer. Jesse Blum with CBRE, Tucson, represented the seller.
JVC 4 Enterprises LLC purchased Park Manor Apartments, a 16-unit apartment complex located at 3850-3880 N. Park Ave., in Tucson. The 8,840 square-foot complex was purchased from the Douglas E. and Andrea S. Robson Revocable Trust & the Gary H. Rieman and Phyllis C. Rieman Trust for $1,450,000. Allan Mendelsberg and Joey Martinez, Principals, Multifamily specialists with Cushman & Wakefield | PICOR, represented both parties.
Sunflower Properties AZ LLC purchased Romero Apartments, a 16-unit apartment complex located at 3502, 3510, 3518 & 3526 N. Romero Rd., in Tucson. The 10,688 SF complex was purchased from Romero Property LLC for $1,030,000. Allan Mendelsberg and Joey Martinez, Principals, Multifamily specialists with Cushman & Wakefield | PICOR, represented both parties.
Waterloo Capital purchased a 3,710 square foot office condo building at Puente Nuevo Plaza, 3925 E. Fort Lowell Rd., Suite 103R in Tucson, from Catalina Real Property LLC for $560,000. Aaron LaPrise, Principal, Retail Specialist, and Molly Mary Gilbert, CCIM, Office Specialist with Cushman & Wakefield | PICOR, represented both parties.
534 N Ash, LLC purchased 534 N. Ash Ave., a 4-unit apartment complex located in Tucson. The 1,728 square-foot complex was purchased from Bradley Gentner for $475,000. Allan Mendelsberg and Joey Martinez, Principals, Multifamily specialists with Cushman & Wakefield | PICOR, represented the buyer. Mik White with Tierra Antigua Realty, represented the seller.
Arizona Pristine Roofing purchased a 2,834 square foot building at 2517 N. 1st Ave. in Tucson, from 2517 1st LLC for $430,000. Dave Hammack and Aaron LaPrise, Principals, Retail Specialists with Cushman & Wakefield | PICOR, represented the seller. Scott McGill with MCG Realty, LLC, represented the buyer.
LEASE
Trane U.S. Inc. renewed their lease with Pegasus Tucson Owner, LLC for 28,315 square feet of industrial space at Broadbent Interstate Center, 2155 & 2165 N. Forbes Blvd., Suites 104 & 107 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord. Jesse Blum, former Industrial Specialist with Cushman & Wakefield | PICOR, and Nicole Thomas and Joshua Wyss with Cushman & Wakefield represented the tenant.
NEFCO Construction Supply LLC leased 24,221 square feet of industrial space at Drexel Commerce Center, 2730 E. Drexel Rd., Suite 2110 in Tucson, from Schnitzer Properties, LLC. Jesse Blum and Alex Demeroutis, former agents of Cushman & Wakefield | PICOR and Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Tim Healy with CBRE, Tucson, represented the tenant.
MBI Occupational Healthcare Tucson, LLC leased 9,936 square feet of industrial space at Butterfield Technology Center, 4775 S. Butterfield Dr., Suite 149D in Tucson, from Butterfield Technology Center, LLC and Foodtown Development Company, LLC. Isaac Figueroa with Larsen Baker, LLC and Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Brandon Clarke with Cresa, Phoenix, represented the tenant.
NewSun Sonoran Development Services LLC leased 2,824 square feet of office space at The Transamerica Building, 177 N. Church Ave., Suite 315 in Tucson from TA Building Corporation. Thomas J. Nieman, Principal, and Molly Mary Gilbert, CCIM, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord. Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant.
Tucson Estate Sales and Consignments LLC leased 1,220 square feet of industrial space at Tucson Tech Park, 1665 E. 18th St., Suite 203 in Tucson, from SBC Investors, LLC. Kameron Norwood, Investment Sales & Leasing Specialist, and Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.
KRK Distributors, LLC renewed their lease with Pegasus Tucson Owner LLC for 923 square feet of industrial space at Butterfield Business Park, 4555 S. Palo Verde Rd., Suite 167 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.
Arcos De Oro, LLC leased 811 square feet of industrial space at Ajo/Evans Business Park, 1100 E. Ajo Way, Suite 212 in Tucson, from FJM Merced Associates, LP. Kameron Norwood, Investment Sales & Leasing Specialist, and Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.
McKenzie Psychology, LLC leased 600 square feet of office space at The Smart Building, 1661 N. Swan Rd., Suite 240 in Tucson, from DHS Property Investments, Ltd. Partnership. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. Gary McKenzie represented the tenant.
