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Ding Tea will soon open at 2739 E. Speedway next to Baggin’s Shop.
Gabriela Rico, Arizona Daily Star
A Taiwanese tea shop will open its first location in Tucson, Midtown.
Ding Tea rented 1,035 square feet at 2739 E. Speedway, next to Baggin’s on the northwest corner of Treat Avenue.
Ding Tea is a global franchise company selling milk teas in flavors such as red beans, brown sugar, and matcha. The shop will also sell fruit juices, fresh teas, yogurt and yakult.
Craig Finfrock of Commercial Retail Advisors represented the tenant and Dave Hammack with Picor represented the landlord JBGST Trust.
Ding Tea is expected to open this summer.
Other recent trades include:
Private investors bought two apartment complexes for $ 2.4 million each – the 19-unit Westwood Apartments at 714 E. 10th St. and the 31-unit Park Vista at 2497 N. Park Ave. James K. Crawley and Hamid Panahi, with Marcus & Millichap, handled the sale.
Paul E. Monson and Jan S. Monson bought a 21,400 square foot industrial incubator building on 4001 S. Contractors Way from Gary L. Atchison for $ 1.6 million. Stephen D. Cohen and Robert Glaser worked with Picor on the transaction.
Thorinson LLC purchased 14,752 square feet of industrial space on E. Benson Highway 1420-1434 and 1500-1524 from Melvin S. Ross, Trustee of the Melvin S. Ross Revocable Trust, and Chautauqua Investments LLP for $ 1.3 million. Robert Glaser and Picor represented the seller.
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