Southern Arizona Chapter

Tucson real estate: Sales and leases

Category: General

Published: Apr 16, 2013

Sales:
Modern Court Properties LLC purchased 6,400 square feet at 1621 W. Modern Court from Tessman LLC for $485,000. Hooker, of Picor, represented the buyer. Ron Zimmerman of Newmark Grubb Knight Frank represented the seller.
Leases

• JV Metals LLC leased 14,278 square feet at 420 E. Columbia Drive from Plastic and Metal Parts Inc. Brandon Rodgers and Pat Welchert of Picor handled the transaction.

• Arizona Institute of Urology leased 2,983 square feet at Crossroads Festival, on the northeast corner of Grant and Swan roads. Andy Seleznov and Melissa Lal of Larsen Baker represented the landlord, Larsen Baker. James Robertson of Realty Executive International represented the tenant.

• Brandon L. Schilling leased 2,784 square feet at 230 E. 27th St. Zimmerman of Newmark Grubb Knight Frank represented the landlord, Tin Cup Properties.

Tucson real estate: Sales and leases

Category: General

Published: Feb 28, 2013

ParMerica leased 10,686 square feet at 3700 E. Columbia St., Suite 100, from Holualoa Columbia Industrial LLC. Rob Glaser of Picor Commercial Real Estate Services represented the landlord. Michael England of Cresa Dallas represented the tenant.

Rafael Furniture leased 3,025 square feet at 750 E. 46th St. from Rich Rodgers Investment Inc. Brandon Rodgers of Picor Commercial Real Estate Services handled the transaction.

Royalty Renovations LLC leased 1,185 square feet at 1646 S. Research Loop, No. 130, from Eastside Center LLC. Dave Gallaher of Tucson Industrial Realty represented the landlord.

Long Tail Treasures LLC leased 1,021 square feet at 1634 S. Research Loop, Suite 110, from Eastside Center LLC. Dave Gallaher of Tucson Industrial Realty represented the landlord, and Jean Barclay of Oxford Realty Advisors represented the tenant.

CCIM Forecast 2013

Category: General

Published: Feb 25, 2013

Herder and Marshall are honored as real estate legends

More than 90 years ago, Louise Foucar Marshall developed Tucson’s first “suburban” shopping center next to the University of Arizona. The college professor-turned-developer also acquired apartments and ironically, as Tucson is building Sun Link, shares in a failed 1902 streetcar venture that was to link the campus with downtown.

Her business acumen and philanthropy grew to the point that she established the Marshall Charitable Foundation in 1930.

“I have the greatest job in the world, to carry forward Mrs. Marshall’s legacy because real estate people who give their money away have a different mentality than those who sell their buildings after five years. It’s a totally different type of climate to work in, a marvelous experience,” said Jane McCollum, general manager of the foundation.

Marshall and developer Pete Herder, owner of the Herder Companies, were honored as Legends of Real Estate by the Certified Commercial Investment Member (CCIM) Southern Arizona Chapter on Feb. 12.

In 1900, Marshall became the first woman professor at the UA and was later named chair of the Language Department. In 1904, she married Thomas Marshall and resigned her professorships to concentrate on real estate.

In 1922, she developed Tucson’s first suburban shopping center, today known as Main Gate Square on University Boulevard. It is “the centerpiece of her legacy,” said McCollum, with more than 350,000 square feet of retail and office space, and the Marriott Tucson University Park Hotel, 880 E. Second St.

Marshall died in 1956 with no heirs and left most of her wealth to her foundation. Led today by a board of directors, McCollum accepted the award on its behalf. The foundation donates 5 percent of its net worth annually to UA scholarships and other local causes, gifts that total more than $18 million.

“She was a savvy business woman. She left a legacy that continues to this day,” said McCollum. “She is a perfect person to be honored as a legend in real estate.”

Herder, a third-generation builder, made his way to Tucson in the 1960s at the urging of friend Fred Fickett. (Fickett Middle School, part of Booth Fickett Magnet School, is named after him.) While at a Rose Bowl game in California, Fickett told Herder that Tucson would be a great place for him to work and live.

“That’s how we came here from Denver and it’s been a wonderful experience with a lot of wonderful people. And I do like the warm weather,” laughed Herder.

Herder built his first house in Flecha Caida in the Catalina Foothills off Swan Road north of River Road.

“John Bender, a legend in his own right, sold me a lot for $5,000 at no interest. He said I could pay him when I sold the home. That’s how I got started,” Herder said.

That house sold for $36,500 and Herder built 50 other homes in the area. Bender, who with Leonard Savage also developed Skyline Country Club, made the same deal there with Herder who built 40 homes in that area at the north end of Swan Road. Herder has built more than 5,000 homes in the Tucson region and about 20,000 homes in Arizona, Colorado and California.

His first office project was a small building across from El Con Mall on East Broadway for Catalina Savings and Loan. His favorite commercial development is St. Philip’s Plaza at the southeast corner of Campbell Avenue and River Road. He also developed Butterfield Business Park, north of Valencia Road between Palo Verde Road and Alvernon Way near Tucson International Airport, and “about 35 of those traditional gray, slump-block buildings you see all over town.”

Herder’s influence reaches far beyond Arizona. He was president of the National Association of Home Builders (NAHB), based in Washington, D.C., and a member of President Ronald Reagan’s Commission on Housing.

As head of NAHB, he also worked to develop construction management programs in 24 universities across the country.

“That was one of my favorite things at NAHB. In a way, it was an extension of my love of coaching football and wrestling. I’ve always enjoyed working with young people,” said Herder, who coached those two sports after college.

Over the decades, Herder worked with several U.S. presidents on housing issues. Reagan was his favorite.

“The reason is his character,” Herder said. “The first time I met him, he looked me straight in the eye, never looked over my shoulder to see who else was in the room.”

Contact Roger Yohem at ryohem@azbiz.com or (520) 295-4254.
 

Tucson real estate: Sales and leases

Category: General

Published: Feb 08, 2013

• Independent Courier has leased 10,000 square feet at 845 E. Ohio St., Suite 107, from Ashland Group. Brandon Rodgers of Picor Commercial Real Estate Services handled the transaction.

Tucson real estate: Sales and leases

Category: General

Published: Jan 15, 2013

Youth On Their Own has purchased a 4,800-square-foot office building at 1660 N. Alvernon Way. Bruce A. Suppes and Ian Stuart of CBRE represented the seller, P&J Enterprises LLC of Tucson, in negotiating the $597,500 sale. The tenant was represented by Mark Irvin of Mark Irvin Commercial Real Estate.

GAP Ministries Inc. has leased 25,000 square feet in the Keenan Commerce Center, 2861 N. Flowing Wells Road, from Keenan Investment Co. Gary Emerson of GRE Partners LLC represented the landlord, and John Hamner of Keller Williams represented the tenant.

RAM-Enterprises leased 3,900 square feet of warehouse space at 4353 E. Tennessee St. from Tennessee St. LLC. Dave Gallaher of Tucson Industrial Realty represented the landlord, and Robert Delaney of CBRE represented the tenant.

Tucson real estate: Sales and leases

Category: General

Published: Dec 19, 2012

• Euro Design Systems Inc. leased 15,625 square feet at 2560 N. Huachuca Drive from Legacy Business Properties LLC. Rob Glaser with Picor Commercial Real Estate Services represented the tenant. John Wilson and Mike Hennessy of Burris, Hennessy and Co. represented the landlord.

• Southern Arizona Glassworks Inc. leased 5,268 square feet at 3880 S. Palo Verde, Suite 401 and 402, from Palo Verde Trust Partners. Rob Glaser and Paul Hooker with Picor Commercial Real Estate Services represented the landlord. Fletcher Perry of Colliers International represented the tenant.

• SMDSK Encanto, LLC purchased Encanto Plaza, at 3232, 3234, 3238, 3242, and 3244 E. Speedway, for $760,000. Debbie Heslop of Volk Company Commercial Real Estate represented the buyer. Brian Chang of Red Point Development represented the seller, Pacific Income Properties, LLC.

Tucson real estate: Sales and leases

Category: General

Published: Dec 06, 2012

Charlie's Comic Books has leased 1,810 square feet in the Speedway Craycroft Plaza, on the southwest corner of Speedway and Craycroft Road. Andy Seleznov, director of leasing at Larsen Baker, handled the transaction. The store is scheduled to open in January.

Tucson real estate: Sales and leases

Category: General

Published: Nov 28, 2012

JP Produce Distribution LLC leased 10,000 square feet at 3529 E. Golf Links Road from VCN LLC. Ron Zimmerman of Newmark Grubb Knight Frank handled the transaction.

 McKee Construction & Remodeling LLC leased 1944 square feet at 2050 E. 19th St. from Commonwealth Electric Co. of the Midwest. Ron Zimmerman of Newmark Grubb Knight Frank handled the transaction.

 Wearpro Inc. leased 1,500 square feet at 4855 N. Shamrock Place, Suite 101, from Shamrock Properties LLC. Brandon Rodgers of Picor Commercial Real Estate Services handled the transaction.

Tucson real estate: Sales and leases

Category: General

Published: Nov 13, 2012

Plaza Bonita Family Mexican Restaurant signed a lease for the vacant restaurant building in the Madera Village Shopping Center on the northeast corner of Tanque Verde and Catalina Highway. The restaurant is scheduled to open in the first quarter of 2013. Craig Finfrock of Commercial Retail Advisors LLC represented the landlord. The restaurant was represented by independent broker Fred Wang.

Closed Transactions 11/6/2012

Category: General

Published: Nov 07, 2012

LEASES

• Canyon Health LLC has leased 1,300 square feet at Craycroft Plaza, just south of Speedway. The property will be a medical office specializing in pain management and related services. It is scheduled to open in December. The landlord, Larsen Baker, was represented by its director of leasing, Andy Seleznov.

SALES
• LM Investment Group LLC has bought the 10,584-square-foot building at 1201-1215 E. Broadway for $520,000. The property will become television studios and media offices for Spanish-speaking broadcast company Azteca America, which plans to relocate from its current site at 245 S. Plumer Ave. Nancy McClure of CBRE's Tucson office and Mark McCary in Minneapolis represented the seller, Target Commercial Interiors Inc. of Minneapolis. The buyer was represented by Jim Marian of Chapman Lindsay Commercial Real Estate Services.

New CCIM Designee- Steve Russell

Category: General

Published: Nov 06, 2012

The Southern Arizona CCIM Chapter has recognized a chapter member who recently earned the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute, one of the leading commercial real estate associations in the world.
Awarded the designation at the Institute’s business meetings in Las Vegas, Nevada, was Steve Russell, Larsen Baker. He was among 215 commercial real estate professionals who passed the CCIM Comprehensive Examination, the final component in the designation process. The CCIM designation is awarded upon successful completion of an intensive analytical curriculum and presentation of a portfolio of qualifying experience demonstrating concept mastery through real-world success. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis.
 

PRESS RELEASE: CCIM Debbie Heslop Guest Speaker to

Category: General

Published: Sep 27, 2012

On September 26th, Debbie Heslop, CCIM was the guest speaker for the University of Arizona’s T. J. Lundgren Center for Retailing entrepreneurship class. Debbie spoke on the topic of Site Selection and the superior skills CCIM professionals bring to the table. The students learned the importance of identifying its customer, competitors and delineating a trade area through analysis of demographic reports, business mapping and traffic counts.

The lecture was a stellar success and our Southern Arizona CCIM chapter has been invited back to provide additional lectures on lease rate structures, TI budgeting and financing. A big thank you goes to Martha Van Gelder, Director of the center, Professor Scott Hessell and Debbie Heslop CCIM for inspiring the minds of our future retail professionals.
 

Southern AZ CCIM Chapter and Ronald McDonald House

Category: General

Published: May 11, 2012

Chefs for a Day!

The reviews are in!

We were voted FIVE STARS, by the Ronald McDonald House of Tucson, for the delicious, mouth watering meals and desserts created by our master chefs and sous chefs.

Many compliments were given out for our eclectic and tasty menu. Diners’ comments included: “the food is great”, “best meal ever”, “yummy lasagna”, “the chicken was delicious”, “the cookies are so good”, “this is asparagus” and “Wow, you guys do this for fun? Incredible”.

The guests of the Ronald McDonald House were left with FULL refrigerators of delicious food and the staff is greatly appreciative of our efforts. Their refrigerators were near empty and the parents coming back from the hospital late at night had little food to eat. Our meals relieved the parents from having to cook their own meal or go out for a meal after a long day at the hospital watching over their child. Our efforts provided a little happiness and eased the burden of having a child in the hospital.

A Surprise

The Ronald McDonald House gives out a special apron to an individual or group that provides a minimum of 10 meals in one year. The apron is embroidered with “Ronald McDonald House Charities Tucson”.

Our group, for the first time ever, was given the “Ronald McDonald House Apron” for delicious and outstanding meals!

A BIG Congratulations FOR OUR SOUTHERN ARIZONA CCIM CHAPTER and a big THANK YOU to all volunteers and donors in helping to make our Chef for a Day experience a wonderful and memorable event.