CBRE negotiated a 12,877 SF lease for a vacant restaurant/office building at 3500 E. Sunrise Dr. at Campo Abierto in Tucson.
Five Palms LLC, an Arizona-based corporation, offering four unique dining concepts in one location, has leased the building and plans to open in November 2012, marking its first location in the U.S.
Buzz Isaacson, Nancy McClure and Ike Isaacson of CBRE’s Tucson office represented the landlord, Landmark Assets LLC of Scottsdale in negotiating the long-term lease agreement.
The tenant, Arizona Five Palms LLC of Tucson and its sole owner/operator Nino Aidi, who grew up in Europe, was represented by Thomas Sylvester of Sylvester Realty & Investments, also in Tucson. The exact financial terms of the transaction were not disclosed.
“This property is ideal for a new restaurant concept like Five Palms,” said CBRE’s McClure. “It’s premium location in the Catalina Foothills offers excellent visibility, and it’s beautiful, new interior decor and unique architecture will only enhance the dining atmosphere.”
The restaurant features four distinct dining elements. Its centerpiece is a fine dining area with a patio featuring an extensive menu offering prime steak aged in house and carved tableside, as well as fresh fish flown in daily. Patrons will also enjoy a fine bar with its own patio.
A wine and gourmet shop, Dovino, will be located on site featuring wines from 13 countries, cheese, charcutries, chocolates, a walk-in humidor with cigars and home delivery. Nino’s Bar and Grill, a casual bar, will be located on the second floor and will have a different menu than the first floor dining room, focusing on the best of old- and new-world cuisine.
Nino’s Bar and Grille will include the addition of a newly added, elevated, outdoor open-air covered terrace featuring amazing views of the surrounding mountains, La Paloma golf course and serene Tucson city lights. It is sure to be a favorite gathering spot to enjoy a relaxed meal and beverage. In addition, extensive banquet facilities for special events will be available. Catering will also be featured.
“The Five Palms Restaurant in San Carlos is a favorite of visiting Americans and Tucsonans who vacation in the beautiful Mexican beachfront resort town,” Aidi said. “Their enthusiasm for the restaurant’s fine food and ambiance is the main reason I’ve created and brought this unique concept and dining experience to Tucson.”
In addition to the restaurant in San Carlos, the Five Palms restaurant chain also operates gourmet restaurants in Obregon and Hermosillo, Sonora, Mexico.