CBRE has completed a 1,793-square-foot office lease at 405 W. Cool Dr. in Oro Valley, Ariz. The tenant, technology development company ACTUS Biotechnology, relocates from its current space in Oro Valley in anticipation of growth.
Jeff Casper and David Montijo with CBRE’s Tucson office represented the landlord, Tucson-based Louey Holdings LLC, in negotiating the lease terms. ACTUS, also of Tucson, was represented by Bob Davis and Tom Hunt with Rein & Grossoehme Commercial Real Estate’s Tucson office.
“Technology companies continue to be amongst the most active sectors in the Tucson office market,” said CBRE’s Casper. “The growth and success of companies like ACTUS will be essential to help create sustainable momentum in the market.”
Built in 2002, the property is located just north and west of Oracle and Magee Roads. Featuring proximity to amenities and abundant at-door parking, the 10-unit office condo is now 70 percent leased.