Latest deals from Colliers, NAI Horizon, C&W | PICOR

Real Estate | 17 May |

Local buyer purchases Staybridge Suites at Tucson Airport

The Staybridge Suites Tucson Airport has been sold for $8,500,000 to a local investor.  The extended stay hotel has never been sold before and the transaction was an off-market deal.

James Meng and Jon Grantham of Colliers International in Greater Phoenix negotiated the transaction.  The Koehler Organization of Aberdeen, SD sold the property to Doro Arizona, LLC, an Arizona-based investor.

Staybridge Suites is located at 2705 E. Executive Dr., just 10 minutes from Davis-Monthan Air Force Base and the University of Arizona. The three-story hotel contains 97 suites was constructed in 2009. The hospitality property features on-site guest laundry facilities, on-site fitness center, and a pool with fire feature. 

“The Tucson South/Airport market has seen a 6.7 percent increase in demand year-over-year,” says Meng.  “No new supply has been added, so this buyer was attracted to the property in a tightening market to satisfy their 1031 needs. This is the third hotel we have sold on behalf of The Koehler Organization.”

The buyer will be taking over management of the property and plans to fully renovate the hotel in the next year. 

NAI Horizon negotiates long-term lease for Biltmore Nail Bar

NAI Horizon represented the tenant in negotiating a long-term lease for Biltmore Nail Bar at the prestigious Biltmore Plaza shopping center, located at 3150 E. Camelback Rd., in Phoenix.

The NAI Horizon retail team of Gabe Ortega, Chris Gerow, Shelby Tworek and Patrick Anthon represented Biltmore Nail Bar, LLC of Phoenix in the 10-year lease transaction.

“Biltmore Plaza is one of the premier retail properties along the Camelback Corridor with a dynamic tenant roster that really caters to the high-end consumers in the area,” Ortega said. “The caliber of the build-out and concept that the tenant has planned here is going to set a new standard for luxury in the beauty and aesthetics service sector. In addition to manicures and pedicures, they will also offer waxing, facials, and therapeutic massage.”

The grand opening is scheduled for mid to late September.

Biltmore Nail Bar will occupy 5,000 square feet at Biltmore Plaza, which sits on 10.65 acres at the NWC of Camelback Road and 32nd Street. Built in 1979, Biltmore Plaza is anchored by a Safeway supermarket.

Latest deals from NAI Horizon

The sale of a flex building that will be converted into a music venue in the much sought-after Scottsdale Airpark submarket  highlights recent transactions closed by NAI Horizon professionals.

Sale Transactions:

Troy Giammarco and Tyler Smith negotiated the sale of a 30,000 SF property, representing the seller, C.R.C. Investments, LLC, for $6.3 million. The property is located at 8445 E. Hartford Drive, Scottsdale, AZ. Steve Barger with CRE Property Advisors represented the buyer, Proverbs 3:5, LLC.

Laurel Lewis negotiated the sale of a 3,648 SF office property, representing the seller, Bliss Unlimited, LLC, for $850,000. The property is located at 3533 N. 70th St., Scottsdale, AZ. Tony Werstler with My Home Group Real Estate represented the buyer, ACPTS Phx, LLC.

Lease Transactions:

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, VTA, LTD, in a 36-month retail lease for 36,825 SF at 3003 W. Apache Trail, Apache Junction, AZ. Carl Cunningham with My Home Group Real Estate represented the tenant, Sunshine Acres Boutique & Donation Center, Inc.

Tom Bean, CCIM, represented the tenant, Snap On Tools Company, LLC, in a 65-month office lease renewal at 426 N. 44th St., Suite 330, Phoenix, AZ.

Laurel Lewis represented the landlord, Rural Road Associates, LLC, in a 63-month office lease at 6515 S. Rural Rd., Tempe, AZ. Shane McCormick with Commercial Properties, Inc. represented the tenant, Journeys Counseling Center, PLLC.

Rick Foss and Tom Bean, CCIM, represented the tenant, Wilson Construction Company, in a 37-month industrial lease at 2228 W. 1st St., Tempe, AZ. Stein Kloss with Lee & Associates represented the landlord, 2228 W. 1st Street, LLC.

Laurel Lewis represented the tenant, Terracon Consultants, Inc., in a 60-month office lease at 1050 N. Fairway Drive, Building G, Avondale, AZ. Mike Gilbert with Cushman & Wakefield represented the landlord, Avondale Commerce, LLC.

Tom Bean, CCIM, represented the tenant, Emerald Pools & Spas, Inc., in a 64-month industrial lease at 2025 W. Deer Valley Rd., Phoenix, AZ. Eric Bell with Kidder Mathews represented the landlord, IP 2015 West Deer Valley Road, LLC.

Rick Foss represented the landlord, Gerald M. and Diane M. Olson Revocable Living Trust, in a 38-month lease at 115 N. 30th St., Phoenix, AZ.

Matt Harper represented the landlord, Caspian Corporation, in a 62-month office lease at 114 W. Camelback Rd., Phoenix, AZ.

Matt Harper represented the landlord, LASA Realty, LLC, in a 38-month retail lease at 7448 W. Glendale Ave., Glendale, AZ.

Matt Harper represented the landlord, MAZ Northern Plaza, LLC, in a 38-month retail lease at 5008 W. Northern Ave., Glendale, AZ.

Latest deals from C&W | PICOR

SALE

La Promesa Homes, LLC purchased La Promesa Apartments, a 40 unit complex located at 2485 N. Alvernon Way in Tucson, from Our Family Services, Inc. for $2,300,000.  The Multifamily team of Allan Mendelsberg and Daniel Leibsohn, with Cushman & Wakefield | PICOR, handled this transaction. 

Anson Arbor, LLC purchased a 10,760-square-foot industrial building located at 4030 N. Highway Dr. in Tucson, from Orvieto Investments, LLC for $1,085,000.  The property is leased to Team Fishel, a national company that is the best choice for utility engineering, construction, installation and maintenance, headquartered in Columbus, Ohio.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller; Lane Gaddy with Stoneland Property Group, represented the buyer.

Advantage Investments, LLC purchased Coronado Heights Apartments, a 10-unit complex located at 3035 N. Los Altos Ave. in Tucson, from RJ Price Properties, LLC for $495,000.  The Multifamily team of Allan Mendelsberg and Daniel Leibsohn, with Cushman & Wakefield | PICOR, handled this transaction. 

3737 E. Bellevue Street, LLC purchased Bellevue Winstel Apartments, a 40 unit complex located at 3737 E. Bellevue St. in Tucson, from Gould Family Properties VIII, LLC for $2,110,000.  The Multifamily team of Allan Mendelsberg and Daniel Leibsohn, with Cushman & Wakefield | PICOR, handled this transaction.  

SNGS, LLC purchased a 13,200-square-foot building located at 2300 S. 6th Ave. in Tucson, from Solar Industries, Inc. for $2,100,000.   Solar Industries operates a Window Depot store in this location, and will lease back the building after the sale to continue operations.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller; Hank Amos with Tucson Realty and Trust, represented the buyer.

Gould Family Properties VIII, LLC purchased Desert Terrace Apartments, a 24-unit complex located at 1620-1622 N. Beverly Ave. in Tucson, from Joseph V. and Irina G. Siemienowski for $1,245,000.  The Multifamily team of Allan Mendelsberg and Daniel Leibsohn, with Cushman & Wakefield | PICOR, handled this transaction.  

Jensen Investments, LLC purchased 15.50 acres of vacant land located at 8901 E. Old Vail Road in Tucson, from Rita Ranch Industrial Limited Partnership for $502,876.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

Science Technology Engineering and Math Arizona purchased a 7,169-square-foot retail building located at 8055 E. 22nd St. from Realty Income Corporation for $500,000.  Aaron LaPrise and Rob Tomlinson, Retail Specialists with Cushman & Wakefield | PICOR, represented the seller; Kristy Kelly with Long Realty, represented the buyer. 

Wren Properties, LLC purchased a 2,287-square-foot, Class A office building from Oro Vistoso, LLC for $250,000.  The subject property is located in the Rancho Vistoso Office Park, 12480 N. Rancho Vistoso Blvd. in Oro Valley.  Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller; Barry Kitay with Whirlygig Properties, LLC, represented the buyer. 

R. Directional Drilling & Underground Technology, Inc. , a Phoenix company expanding to Tucson, purchased a 1.17 acre improved land parcel located at 507 & 547 W. Lester in Tucson, from Stamoff Investments, LLC for $249,000.  Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer; David Blanchette, CCIM, with NAI Horizon, represented the seller. 

LEASE

Solar Gain, Inc. leased 18,751 square feet at 702 E. 17th St. in Tucson, from Intermediate Village, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord; John Yarborough with Romano Real Estate, represented the tenant. 

P3 Health Partners, LLC leased 6,961 square feet at 5255 E. Williams Circle, Suite 2020 in Tucson, from The Colton Company.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  

La Frontera Center, Inc. renewed their lease for 6,526 square feet in Grant Interstate Commons, 1141 W. Grant Road, Suite 100 in Tucson, from the Sloat Family Partnership, LLLP.   Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

Timberlake Cabinetry, a division of American Woodmark Corporation, leased 4,304 square feet at 3865 N. Business Center Dr., Suites 121 in Tucson, from NTBC Trust Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord; Tim Healy with CBRE, represented the tenant. 

Craig G. Gross, M.D., P.C. and Gary P. Gottleib, M.D., P.C. leased 3,762 square feet at 1500 N. Wilmot Rd., Suite B250 in Tucson, from TMC Holdings, Inc.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord; Gordon Wagner with NAI Horizon, represented the tenant.

Special Needs Solutions, Inc. leased 3,660 square feet in Butterfield Business Park, 4555 S. Palo Verde Rd., Suite 131 in Tucson, from Presson Equity Partners, LLP.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

Carlos and Jose Hernandez leased 3,600 square feet at 1621 W. Grant Rd. in Tucson, from Rodgers Hoge Partners.   Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the landlord; Denisse Angulo-Badilla, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant.

Divine Joy Yoga leased 2,480 square feet in Clairemont Plaza, 1684 S. Research Loop, Suite 550 in Tucson, from Clairemont Partners, LLC.  Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

WSP USA, Inc. leased 2,400 square feet of industrial space at 3150 N. Freeway Industrial Loop, Suite 100 in Tucson, from P3 & G, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord; Daniel Dobric with Newmark Knight Frank, represented the tenant. 

Sigma Technologies International, LLC leased 2,100 square feet at 6955 N. Camino Martin, Suite 102 in Tucson, from Camino Martin Industrial Plaza, LLC.  The team of Russell W. Hall, SIOR, GSCS, Stephen D. Cohen, and Kelly Fickle, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant; John Ash with CBRE, represented the landlord.

Desert Island Supply, LLC leased 2,000 square feet at 2930 E. Broadway Blvd. in Tucson, from LMG Investments, LP.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

Tutoring Club Select, LLC renewed their lease for 1,500 square feet in Sunrise Village Shopping Center, 4772 E. Sunrise Dr. in Tucson, from Sunrise Village Investors, LLC.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

Intelligent Instrumentation, LLC leased 1,440 square feet in Exchange Place Business Center, 1870 W. Prince Rd., Suite 26 in Tucson, from Presson Corporation.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Quartercircle 10, LLC renewed their lease for 1,200 square feet in Grant Interstate Commons, 1101 W. Grant Road, Suites 202-203 in Tucson, from the Sloat Family Partnership, LLLP.   Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

Star Foot Care leased 1,130 square feet in Midway Business Park, 4500 E. Speedway Blvd., Suite 80 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM and Paul Hooker with Cushman & Wakefield | PICOR, represented the landlord; Lifang Tan with HomeSmart, represented the tenant.

Adoption Solutions of Arizona leased 783 square feet of office space in El Dorado Square, 1200 N. El Dorado Pl., Suite B260 in Tucson, from El Dorado Ventures, LLC. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Pathways Human Services, LLC renewed their lease for 33,536 square feet of office space in El Dorado Professional Plaza, 1161-1181 E. El Dorado Place, Suites 101-104, 201-204, 301-304 in Tucson, from Source Two Investments, LLC.   Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord; Tom Bean with NAI Horizon, represented the tenant.

Sourceone Displays, LLC leased a 30,000-square-foot industrial building at 2901 S. 4th Ave. in Tucson, from North Land Leasing, LLC. Ron Zimmerman and Ryan McGregor with Cushman & Wakefield | PICOR, represented both parties. 

Arbico Organics leased 12,039 square feet in Foothills Business Park, 10831 N. Mavinee in Tucson, from SN Investment Properties, LLC. Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

Orion Home Services, LLC leased 4,400 square feet in Ruthrauff Commerce Center, 2470 W. Ruthrauff Rd., Suites 190-196 in Tucson, from Presson Scottsdale, LLC.  Rob Glaser, SIOR, CCIM, and Max Fisher Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Tucson Medical Network renewed their lease for a 2,625-square-foot medical office at 5295 E. Knight Dr. in Tucson from TMC Holdings, Inc.  Rick Kleiner, MBA, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

Silverstate Refrigeration & HVAC, LLC leased 2,120 square feet in Ruthrauff Commerce Center, 2420 W. Ruthrauff Rd., Suite 120 in Tucson, from Presson Scottsdale, LLC.  Rob Glaser, SIOR, CCIM, and Max Fisher Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

Great Pyramid Films, LLC leased 1,600 square feet in Midway Business Park, 4500 E. Speedway Blvd., Suite 15 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM and Paul Hooker with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

ALOHA Raspados y Algo Mas, LLC leased 1,200 square feet in Plaza Azteca, 3553 S. 12th Ave., Suite 133 in Tucson, from NAI Investments, LLC.  Denisse Angulo-Badilla and Rob Tomlinson with Cushman & Wakefield | PICOR, handled this transaction.

12 Volt Fleet, LLC leased 1,200 square feet in Commerce Plaza, 245 S. Plumer Ave., Suite 4 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Grote Tax Service leased 1,120 square feet of office space at 7435 N. Oracle Rd. in Tucson, from RIW, LLC.  Isaac Figueroa, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the landlord; Fred Seger with Fred Segar & Associates, represented the tenant. 

Comments
Show Buttons
Hide Buttons