Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TUCSON, AZ-Solon America Corp., which moved into 101,266 square feet at the Tucson Commerce Center last October, has expanded once again. This time around, the company added 44,744 square feet of additional space, with both leases scheduled to expire in eight years.

GlobeSt.com previously reported that the value of Solon America’s initial lease was slightly more than $8 million. The expansion at 3000 E. Elvira Rd. puts the overall consideration of both leases at around $10 million.

Robert L. Davis, senior vice president with Grubb & Ellis Co.’s Tucson office says the solar panel production company had to make room for another production line in space originally slated for inventory. The solution was to take partial space from the 100,000-square-foot industrial building next door. “They had to find auxiliary, or expanded space nearby,” says Davis, the tenant representative. “They’ve been growing and this could keep happening.”

Because of that it’s a good thing that the Tucson Commerce Center at consists of four buildings totaling 400,000 square feet. William L. DiVito, senior vice president with Grubb & Ellis’ Tucson office tells GlobeSt.com the space Solon America took had been recently vacated by another tenant. DiVito, who represented landlord Intercontinental Real Estate Corp. in the transaction, adds that the remaining space is currently empty. “They can take the remainder, if they want,” DiVito says.

Both brokers comment that Tucson Commerce Center seems to be attracting the alternative energy companies. Another tenant at the center is Sion Co., which is researching and developing various types of battery power. DiVito adds that he and Davis, along with Grubb & Ellis’ vice president Howard Kong, who was also involved with the Solon deal on the landlord side, are still talking with more potential tenants for the center, though declined to discuss specifics.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.