RETAIL MARKET OVERVIEW Pat Darcy Retail Division Head As we edge closer to the second half of 2017, the Tucson Retail Market is continuing to maintain its momentum that started about two years ago. According to CoStar, the first quarter of 2017 saw a positive net absorption of approximately 235,808 square feet. A total of…Read More→
New Restaurant at Old Pueblo Grille
New Restaurant at Old Pueblo Grille Abuela’s Cocina Mexicana, part of Brother John’s restaurant group, will be opening in the retail space formerly occupied by the Old Pueblo Grille at 60 N. Alvernon Way. The new restaurant will be open by the end of the year according to Pat Darcy of Tucson Realty & Trust co., who…Read More→
Tucson Retail Market Overview 2016
RETAIL MARKET OVERVIEW Pat Darcy Retail Division Head January 28, 2016 As we look forward to 2016, the Tucson Retail Market is steadily improving, similar in its performance to last year… three steps forward and one step back with the promise of new retail developments in 2016. In Tucson, urban infill is where the action…Read More→
Big-Box Retailers – Darcy Comments
Pat Darcy, of Tucson Realty & Trust Co., commented on big-box retailers’ urban infill projects for a recent article by Gabriela Rico published in the Arizona Daily Star. Retail brokers say demolitions will be key to luring big retailers into Tucson’s core in 2016. Deals were inked for nearly 1 million square feet of big-box space in…Read More→
Old Pueblo Grille Purchased
Old Pueblo Grille Purchased HSL 60 N. Alvernon, LLC, purchased the property located at 60 N. Alvernon Way, Tucson, Arizona, from 60 N. Alvernon, LLC. The property consists of an approximately 8,147 square-foot building. The restaurant was seized by a U.S. Bankruptcy Court judge and closed earlier this year as part of owner Bob McMahon’s…Read More→
Recent Retail Leases
Recent Retail Leases Frank Arrotta of Tucson Realty & Trust Co. has had some recent retail leasing activity Mesquite Community Church leased approximately 1,708 square feet of retail space located at 8250 E. Broadway Blvd., Suites 103 & 104, Tucson, Arizona, from Jane Gee Trust. Frank Arrotta of Tucson Realty & Trust Co. represented the Landlord…Read More→
Reasons for Optimism in Tucson Retail Market
Reasons for Optimism in Tucson Retail Market RETAIL MARKET OVERVIEW by Pat Darcy Retail Division Head As we reach the midyear point of 2015, the Tucson Retail Market is steadily improving, similar in its performance to last year…but now three steps forward and one step back with the promise of new retail developments in 2016. The…Read More→
Commercial Real Estate Retail Market Overview 2015
Commercial Real Estate Retail Market Overview 2015 presented by Pat Darcy. Pat Darcy Retail Division Head January 29, 2015 As we look forward to 2015, the Tucson Retail Market is steadily improving, similar in its performance to last year…two steps forward and one step back but with the promise of new retail development on the…Read More→
Retail Market Overview Presented by Pat Darcy
Retail Market Overview Pat Darcy Retail Division Head As we reach the midyear point in 2014, the Tucson Retail Market is steadily improving, similar in its performance to last year…two steps forward and one step back, which is a very familiar phrase when describing Tucson’s Retail market. The current retail vacancy rate is approximately 7.8…Read More→