According to a Reuters news report, Phoenix-based  Sprouts Farmers Markets, Inc. financially backed by Apollo Global Management, LLC a private equity firm located in New York, filed last week to raise $300 million in its initial public offering of common shares. The application with the SEC did not divulge the number of shares that Sprouts is arranging to tender or the value of the terms.

The company sells natural and organic food focusing on health and wellness at affordable prices, including fresh produce and bulk foods, meat and seafood, vitamins, supplements and household items. It operates in over 157 stores within the United States, three of which are in the Tucson area.

In 2011 Sprouts was picked up by Apollo through its Smart & Final subsidiary, and was later merged with Henry’s Farmers Market and Sun Harvest. Like Henry’s, Sprouts also merged with another grocer Sunflower Farmers Market in 2012. Sprouts Farmers Market reported net revenue of  $19.5 million on its pro forma sales of $2 billion last Thursday.

According to the IPO filing with the Securities and Exchange Commission, Apollo currently owns 51.8 % of the business. It shows that Goldman Sachs and Credit Suisse will act as joint book runners for the IPO.

Sprouts is planning to list on Nasdaq under the ticker symbol “SFM” and intends to allocate the proceeds of its initial public offering for settlement of loans and other financial requirements of the corporation. No word yet on when the company will go public.

INDUSTRIAL – 1861 W GRANT RD, STE 105, TUCSON

Southern Arizona Graphic Associates dba Arizona Lithographers, a Tucson-based company, leased 14,500 square feet at 1861 W. Grant Road, Suite 105 in Tucson from Walker Tucson Properties, LLC. Arizona Lithographers was founded in 1952 and currently has about 60 employees. The new location will be used for fulfillment and vendor management inventory,  and replace a smaller operating facility that it was occupying with 5,000 sq. ft., the two facilities total  46,500 sq. ft. Stephen D. Cohen and Rob Glaser, SIOR, CCIM, Principals and Industrial Specialists with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the parties in this transaction.

OFFICE – 1870 W PRINCE RD, TUCSON

Cadden Community Management, Inc. a property management firm specialized solely in providing professional management services to Homeowners’ Associations, renewed its  10,102 sq. ft. lease at 1870 West Prince Road, Suites 29, 43, 44, 45, 46, 47, and 48 in Tucson, from Presson Corporation. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR Commercial Real Estate Services, handled this transaction.

INDUSTRIAL – 2470 W MAJESTIC PARK WAY, TUCSON

Iglesia De Jesucristo Palabra Miel (Rocael Morales, pastor) leased 7,855 sq. ft. at 2470 W. Majestic Park Way, in Tucson from 2470 West Majestic LLC for church services. Pat Welchert, SIOR, Industrial Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented both parties in this transaction.

INDUSTRIAL – 3708 E COLUMBIA, STE 100, TUCSON

Renewing its lease of 7,479 sq. ft. at 3708 E. Columbia, Suite 100 in Tucson AdValue Photonics, Inc. of Tucson develops and manufactures fiber based lasers, light sources, and components by leveraging its innovative technology for the design and fabrication of advanced glasses and fibers from this location. Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, handled this transaction for tenant and Holualoa Columbia Industrial, LLC, the landlord.

INDUSTRIAL – 2112 N DRAGOON, STE 11 & 12, TUCSON

EOS Technologies (EOST) leased 2,000 sq. ft. at 2112 N. Dragoon, Suites 11 and 12 in Tucson from Rich Rodgers Investment, Inc. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, handled the transaction. EOS Technologies is an Arizona company founded in 1995 to design and manufacture world class electro-optical systems. EOST expanded from its core telescope product line in 2004, adding a facility with more than 40,000 sq. ft. near TIA. This location continues to house EOST’s US Headquarters, engineering, and the manufacture of advanced stabilized remote weapons stations (RWS).

RETAIL – 3949 E 29^TH STREET, STE 711, TUCSON

Recycling Household Items leased 2,225 square feet at 3949 E. 29th Street, Suite 711 in Tucson, from Presson Midpoint, LLC. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the landlord in this transaction.

OFFICE – 4565 S PALO VERDE, STE 233, TUCSON

Belander Bookkeeping, LLC leased 1,800 sq. ft. at 4565 S. Palo Verde, Suite 233 in OFFICE Tucson, from Presson Equity partners, LLP. Rob Glaser, SIOR, CCIM, Principal and Industrial Specialist with C ushman & Wakefield | PICOR Commercial Real Estate Services represented the landlord in this transaction while Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the tenant.

OFFICE – 2090 N KOLB RD, TUCSON

Dr. Gann’s Diet of Hope, a medical weight loss center, leased 1,600 sq. ft. at 2090 N Kolb Road in Tucson from KolbOffice Park, LLC. John Yarborough of Romano Real Estate in Tucson handled the transaction.

INDUSTRIAL – 3830 E 44^TH STREET, STE 556, TUCSON

David Irving leased 750 square feet at 3830 E. 44th Street, Suite 556 in Tucson from Rich Rodgers Investment, Inc. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, handled this transaction.

To submit sales or leases email REDailyNews@outlook.com

AZCentral  reports that progress was halted on the Maricopa County Sheriff’s Office construction site at Sixth Ave. and Jackson Street in Phoenix after a bomb threat on May 1st. More than 70 construction workers were sent home after graffitti was found saying, “Bomb inside…No Work Today…Happy May Day…Stop building prisons for other workers.” A search of the building found a suspicious lunch box that turned out to be a lunch box. To sandblast the graffitti off the building will cost $10,000.