Tucson Lease Report, September 2-5, 2025

TUCSON, AZ (September 8, 2025) — A total of 63,726 square feet of lease activity was reported in Southern Arizona for the week of September 2–5, 2025. The most significant trend this week was in the industrial sector: all 34,989 square feet of industrial activity came from renewals, with no new industrial leases reported. This highlights the stability of existing occupancies but shows no fresh absorption in the industrial sector.

By comparison, retail led new leasing activity with 12,642 square feet across several tenants, including Stacks Book Club, Back Nine, Angie’s Prime Grill, and Chill N Ice Cream. Office accounted for 4,475 square feet of new leases, balanced by a major renewal at Ina Corporate Center. The medical sector recorded one new lease totaling 1,988 square feet.

This week’s leasing activity underscores a stable industrial market driven by tenant retention, while new demand is showing up more strongly in retail and office.

Total Lease Activity New and Renewals:

Industrial: 34,989 square feet
Office: 11,166 square feet
Retail: 15,583 square feet
Medical: 1,988 square feet

Grand Total: 63,726 square feet

The following leases were reported to the Real Estate Daily News for the week of September 2–5, 2025:

RETAIL, 2920 E. BROADWAY BLVD., TUCSON, AZ 85716, CENTRAL SUBMARKET
Stacks Book Club, LLC leased 4,000 square feet of retail space at BV Shoppes from Palms Park LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, and Heather Baron with M.A.S. Real Estate Services, Inc., represented the landlord. Dave Carroll, with Paul Ash Commercial Real Estate, represented the tenant.

OFFICE, 3430 E. SUNRISE DR., SUITE 220, TUCSON, AZ 85718, NW SUBMARKET
Allworth Financial, LP, leased 3,550 square feet of office space at Foothills Corporate Center from Foothills Corporate, LLC. Thomas J. Nieman, Principal, and Bobby Verenna, Office Specialists with Cushman & Wakefield | PICOR, along with Kris Kalmbach with Cushman & Wakefield US, represented the tenant. David Volk with Volk Company represented the landlord.

RETAIL, 3805 E. RIVER RD., SUITE 151, TUCSON, AZ 85718, NW SUBMARKET
Old Pueblo Golf, LLC dba Back Nine leased 2,400 square feet of retail space at The Shoppes at Orange Grove for an indoor golf simulator lounge. Isaac Figueroa, CCIM, SIOR with Larsen Baker represented the landlord. David Jimenez with Morrow Hill represented the tenant.

RETAIL, 1050 E. TUCSON MARKETPLACE BLVD., TUCSON, AZ 85713, SOUTH SUBMARKET
Angie’s Prime Grill leased 2,217 square feet at Tucson Marketplace in the former Arby’s location. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.

MEDICAL, 2625 N. CRAYCROFT RD., SUITE 215, TUCSON, AZ 85712, NE SUBMARKET
Arizona Foundation for Cancer leased 1,988 square feet of medical office space from TMC Holdings, Inc. Richard M. Kleiner, MBA, Principal, and Alexis Corona, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL, 3684 W. ORANGE GROVE RD., SUITE 168, MARANA, AZ 85741, NW SUBMARKET
Sonoran Synergies, Inc., dba Minuteman Press, leased 1,505 square feet of retail space at Marana Mercado. Isaac Figueroa, CCIM, SIOR, and Michelle Ward with Larsen Baker represented the landlord. The center is now fully leased.

RETAIL, 5470 E. SPEEDWAY BLVD., SUITE 108A, TUCSON, AZ 85712, NE MIDTOWN SUBMARKET
Evil Face Entertainment, LLC, leased 1,320 square feet of retail space at Speedway Craycroft Plaza. Isaac Figueroa, CCIM, SIOR, and Michelle Ward, CCIM, of Larsen Baker represented the landlord. The premises will be used for the sale of specialty-themed Halloween props and goods.

RETAIL, 4776 E. SUNRISE DR., TUCSON, AZ 85718, NE FOOTHILLS SUBMARKET
Chill N Ice Cream leased 1,200 square feet of retail space at Sunrise Village Shopping Center from Sunrise Village Investors, LLC. Natalie Furrier and Dave Hammack of Cushman & Wakefield | PICOR represented the tenant and landlord, respectively. The liquid nitrogen ice cream franchise will open in Winter 2025.

OFFICE, 1661 N. SWAN RD., SUITE 244, TUCSON, AZ 85712, NE MIDTOWN SUBMARKET
Old Pueblo Recovery, LLC and Sol Valley Realty & Property Management, LLC leased 925 square feet of office space at The Smart Building from DHS Property Investments, LLC. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RENEWALS

INDUSTRIAL, 3925 N. BENAN VENTURE DR., SUITE 101, TUCSON, AZ 85705, CENTRAL SUBMARKET
Lennox Industries Inc. renewed 11,166 square feet at Benan Center with EastGroup Properties, LP. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Tim Healy and Jackson Kraft with CBRE, Tucson, represented the tenant.

OFFICE, 3275 W. INA RD., SUITE 240, TUCSON, AZ 85741, NORTHWEST SUBMARKET
Vance, LLC renewed and expanded to 6,691 square feet at Ina Corporate Center with CALDOR Investments of Arizona, LLC. Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL, 1660 S. RESEARCH LOOP, SUITES 126 & 130, TUCSON, AZ 85710, EAST SUBMARKET
Anderson Precision Machining LLC renewed 4,260 square feet at Clairemont Plaza with Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL, 245 S. PLUMER AVE., SUITE 33, TUCSON, AZ 85719, CENTRAL SUBMARKET
Pestmaster Services of Tucson renewed 3,600 square feet at Commerce Plaza with Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL, 1665 E. 18TH ST., SUITE 110, TUCSON, AZ 85719, CENTRAL SUBMARKET
Adobe House Antiques, LLC renewed 3,000 square feet at Tucson Tech Park with SBC Investors, LLC. Alex Demeroutis and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL, 3912 N. ORACLE RD., SUITE 104, TUCSON, AZ 85705, CENTRAL SUBMARKET
North Side Brazilian Jiu Jitsu, LLC renewed 2,941 square feet at San Francisco Square with The Machado Family Trust. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL, 3675 E. 44TH ST., TUCSON, AZ 85713, SOUTH SUBMARKET
RHK Construction LLC renewed 2,533 square feet at South Dodge Business Center with Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL, 3860 S. PALO VERDE RD., SUITE 314, TUCSON, AZ 85714, SOUTH SUBMARKET
Pioneer Equipment, Inc. renewed 2,330 square feet at Palo Verde Business Center with Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL, 4500 E. SPEEDWAY BLVD., SUITE 10, TUCSON, AZ 85712, NE MIDTOWN SUBMARKET
David and Armida Damitz and Dennis Damitz renewed 1,600 square feet at Midway Business Park with Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL, 4585 S. PALO VERDE RD., SUITE 415, TUCSON, AZ 85714, SOUTH SUBMARKET
Apex Water and Process, Inc. renewed 1,500 square feet at Butterfield Business Park with Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

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