Volk Company Announces Landmark Lease for NEX Restaurant and Afterlife Speakeasy on 4th Avenue

NEX Restaurant

TUCSON, AZ (October 13,  2025) – Volk Company has announced a landmark lease on Tucson’s iconic 4th Avenue, where a new hospitality concept is set to bring a bold and futuristic energy to the historic corridor, NEX Restaurant and Bar.

Joey Castillo of Volk Company represented the landlord, Tophoy Block, LLC, in leasing approximately 3,191 square feet of retail and restaurant space at 220 North 4th Avenue to Sihota LLC, the ownership group behind NEX Restaurant and Bar.

The property, previously home to Ermanos Bar and Portal Cocktails, closed in February 2025 after a decade of operation and had become a recognizable fixture on 4th Avenue’s dining scene. The new tenant aims to honor that legacy while introducing a reimagined experience that blends culinary creativity with immersive design.

According to project details, NEX Restaurant and Bar will feature a forward-thinking, modern dining concept complemented by Afterlife, a Cyberpunk-inspired speakeasy housed in the rear portion of the building. The venue’s interior will feature an airship-like, parametrically curved structure designed by acclaimed Tucson architects Rob Paulus and Kenneth Lowe, known for their distinctive approach to adaptive reuse and contemporary forms.

“NEX is the kind of concept that both respects Tucson’s historic architecture and propels its culinary scene forward,” said Joey Castillo, Retail Specialist with Volk Company. “We’re seeing a continued wave of restaurant investment along 4th Avenue and downtown, where local operators are taking creative risks that elevate the experience for residents and visitors alike.”

The location offers strong pedestrian visibility, as it is situated near the heart of 4th Avenue’s nightlife district between University Boulevard and Downtown Tucson. With the streetcar line, nearby student housing, and a surge of local development activity, the corridor remains one of Tucson’s most dynamic retail environments.

NEX Restaurant and Bar is expected to open in Q1 2026, joining a growing list of locally owned establishments contributing to the evolving identity of the 4th Avenue district.

For more information on available leasing opportunities, contact Volk Company at https://www.volkco.com




Tucson Commercial Lease Report, September 29–October 3, 2025

Tucson Commercial

TUCSON, AZ (October 6, 2025) – The week’s Tucson commercial leasing activity was led by two Larsen Baker retail transactions totaling 3,283 square feet, featuring tenants Recharge Tucson and Janus RX.

The following leases were reported to the Real Estate Daily News for the week of September 29–October 3, 2025.

RETAIL – 1011 N. Craycroft Rd., Tucson, 85711 – East Submarket
Recharge Tucson, LLC has leased 1,978 square feet in Suite 404C at Craycroft Plaza.
Isaac Figueroa, CCIM, SIOR, represented the landlord, and Frank Arrotta represented the tenant — both with Larsen Baker.

RETAIL – 1200 N. El Dorado Place, Tucson, 85715 – Northeast Submarket
Janus RX, LLC has leased 1,305 square feet in Suite D-450, Building D at El Dorado Square. The space will be used as a closed-door pharmacy. Isaac Figueroa, CCIM, SIOR, with Larsen Baker, represented the landlord, and Megan Mulgrue with Carr, Inc. represented the tenant.

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Tucson Lease Report – September 22–26, 2025

Tucson Lease Report

TUCSON, AZ (September 29, 2025) — The Tucson Lease Report this week is led by Sonoran Rovers’ 8,352-square-foot industrial lease on Tucson’s south side, supported by a mix of office and retail activity across the metro.

Total Square Feet Leased (excluding renewals): 30,858 square feet
By Property Type:

  • Industrial — 19,754 SF
  • Retail — 8,062 SF
  • Office — 3,042 SF

Renewals totaled: 5,094 SF

The following leases were reported to the Real Estate Daily News for the week of September 22–26, 2025.

New Leases

INDUSTRIAL – 230 E. 27th St., Suite 101 & 102, Tucson, 85713, South Submarket
Sonoran Rovers, LLC, leased 8,352 square feet from Tin Cup Properties, LLC. Alex Demeroutis, Jesse Blum, SIOR, and Paul Hooker, SIOR of Cushman & Wakefield | PICOR represented the landlord.

INDUSTRIAL – 4101 S. Longfellow Ave., Suite 103, 105 & 107, Tucson, 85714, South Submarket
Michael J. Brungrabber expanded the lease with Longfellow Commercial LLC for a total of 6,300 square feet. Andrew Keim of Cushman & Wakefield | PICOR represented the landlord.

RETAIL – 1820 E. River Rd., Suite 110, Tucson, 85718, Northeast Foothills Submarket
Atmosphere Commercial Interiors LLC leased 3,382 square feet. CBRE’s Buzz Isaacson, Blake Hastings, Tad Jellison, and John Lorence represented the tenant. Kyle Kilgore of NAI Horizon represented the landlord, West Coast Capital Partners LLC.

INDUSTRIAL – 3240 S. Dodge Blvd., Suite 1, Tucson, 85713, South Submarket
Ambassador Automobile LLC leased 2,807 square feet at South Dodge Business Center from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, and Andrew Keim of Cushman & Wakefield | PICOR represented the landlord.

RETAIL – 3225 N. Swan Rd., Suite 111A & 113A, Tucson, 85712, Northeast Submarket
Yum Yum Po-Cha LLC leased 2,180 square feet at Camp Lowell Shopping Center to open 23 Spices Korean Barbeque. CBRE’s Nancy McClure represented the tenant, and Dave Dutson of NAI Horizon represented the landlord, Camp Lowell 1 LLC.

OFFICE – 3131 N. Country Club Rd., Suite 201/202, Tucson, 85716, Central Submarket
AZ Nurtured Heart Counseling Center leased 1,782 square feet from Spirits, LP. Molly Mary Gilbert, CCIM of Cushman & Wakefield | PICOR represented the tenant.

RETAIL – 9140 N. Silverbell Rd., Suite 210, Tucson, 85743, Northwest Submarket
Twin Peaks Eyecare, LLC, leased 1,300 square feet from Shoppes at Continental Ranch, LLC. Cameron Casey of Oxford Realty Advisors represented the tenant.

OFFICE – 603 N. Wilmot Rd., Kolb Executive Park, Tucson, 85711, East Submarket
Desert Hair by Megan leased 1,260 square feet from Kolb Executive Park LLC. CBRE’s Bruce Suppes represented the landlord. The tenant was self-represented.

RETAIL – 5470 E. Speedway Blvd., Suite 106A, Tucson, 85712, Central Submarket
Selam Eritrean Market, LLC leased 1,200 square feet from Speedway Craycroft Plaza, LLC. Cameron Casey of Oxford Realty Advisors represented the tenant, and Isaac Figueroa of Larsen Baker represented the landlord.

INDUSTRIAL – 1630 S. Research Lp., Suite 160, Tucson, 85710, East Submarket
20 Digit Design leased 1,295 square feet from Eastside Center, LLC. Alex Demeroutis, Jesse Blum, SIOR, and Paul Hooker, SIOR of Cushman & Wakefield | PICOR represented the landlord.

INDUSTRIAL – 140 S. Camino Seco, Suite 419, Tucson, 85710, East Submarket
Tucson Doggie Doors leased 1,000 square feet at Camino Seco Business Park from Larsen Baker. Michelle Ward and Isaac Figueroa, CCIM, SIOR of Larsen Baker represented the landlord.

Renewals

OFFICE – 5151 E. Broadway Blvd., Suite 100, Tucson, 85711, East Submarket
Rightsure Insurance Group renewed its lease for 5,094 square feet with KCI Broadway, LLC; Scott Seldin-Broadway, LLC; Belmont Broadway, LLC; and Tucson 5151 Investments, LLC. Mark Isenberger of Cushman & Wakefield | PICOR represented the landlord. 

Submit sales and leases to REDailyNews@outlook.com