Friday, April 28, 2017

2nd Quarter Sales

Tucson’s Funtasticks Fun Park Sells in EPR and CNL $700M Transaction

TUCSON, Arizona -- EPR Properties, a Kansas City-based publicly traded REIT and CNL Lifestyle Properties, Inc. have completed the last tranche of the previously announced acquisitions of the Northstar California Ski Resort, 15 attraction properties (waterparks and amusement parks) and five small family entertainment centers for aggregate consideration valued...

Land for New Discount Tire Store Sells at Tucson Marketplace at...

TUCSON, Arizona – Scottsdale-based Halle Properties, LLC (Bruce Halle) doing business as Discount Tire/America’s Tire, the world’s largest tire and wheel retailer, purchased 1.08 acres at 3025 S Kino Parkway, located to the north of Culver's, in Tucson Marketplace at the Bridges for $875,000 ($18.58 PSF), . The company currently operates...

Angels Work Miracle for Imago Dei School to buy $2.1 Million...

Angel Charity for Children raised $600,000 for Imago Dei Middle School's down payment on its Downtown Tucson building TUCSON, Arizona -- Miracles do happen, as was demonstrated recently in Tucson when Imago Dei Middle School was able to purchase the building it rented in Downtown Tucson.  Located at 55 N....

Central Tucson Office Building sells for Dental Back Office

TUCSON, Arizona -- BLB Real Estate Holdings, LLC of Scottsdale (Dr Brad Roberts, member) purchased a multi-tenant office building, at 2761 N. Country Club Road in Country Club Plaza in Tucson. The two-story, 9,080-square-foot building was built in 1984 and was purchased with three tenants to owner occupy a portion...

CBRE Completes Sale of Retail Pad at Las Plazas at Old...

Tucson, AZ – Las Plazas at Old Vail, a 17-acre retail development at the northwest corner of Houghton and Old Vail Roads in Southeast Tucson, has landed a full-service Mexican restaurant to complement the line-up of other quality food offerings. El Arado, LLC purchased a 0.89-acre retail pad and will...

Meritage Homes Buys Land for 113 new homes at Rancho Del...

TUCSON, Arizona -- Meritage Homes of Arizona, Inc. purchased (71) 45’ X 120’ and (42) 50’ X 120’ platted and engineered lots at Rancho del Lago in Vail from Fidelity National Title Agency under Trust No. 10,756 and Vail Valley Joint Venture (Bill Estes III, manager) for a price...

Pier 1 Tucson Sells in Net Lease Sale for $3.8 Million

TUCSON, AZ - Pier 1 Imports at 5919 East Broadway Blvd. in Tucson sold in a net lease sale for $3.782 million ($335 PSF) to a California investor, Barrett Associates of Castro Valley California (Kent Woodell, manager). Pier 1 has operated at this location for 25 years, since 1990, and...

Slaughterhouse Tucson Sells for $1.3M – Anticipates Zombie Apocalypse 2017

Tucson Screamers of Tucson (Bobby Sutton, manager) purchased the property at 1102 West Grant Road in Tucson in a lease purchase transaction for $1.3 million ($44 PSF) from Asset Builders of San Diego, CA (Joseph Oliver, manager). Sutton said, “The building would have probably been a tear down, if I...

Plaza Centro in Downtown Tucson Sells for $8.7 Million

The mixed-use, Plaza Centro, at the heart of Downtown Tucson’s revitalization was sold to Crow Holdings of Dallas, Texas (Daniel Feeney, VP) for $8.7 million ($367 PSF). Located at the core of the heartbeat of downtown, 4th Avenue and Congress Street is the entertainment, dining and nightlife epicenter. The property’s...

Cushman & Wakefield | Picor Releases Q2 Market Reports

Cushman & Wakefield | Picor has released its market reports for the first half of 2016. Preliminary Bureau of Labor Statistics data reported that Metro Tucson added 15,636 jobs year-over-year through May 2016, with total employment of 455,312 and a second quarter unemployment rate of 5.0%. Due to recent high-quality...

Richmond and DR Horton Acquire SFR-Lots in Tucson

Richmond American (Rick Morris, Land Acquisition) purchased 50 platted and engineered lots at Mountain Vail Estates for $1.501 million ($30,000 per lot). This is the first half of approximately 94 lots being re-platted by the seller, MC 140 LLC, an affiliate of Diamond Ventures. Buyer will develop the lots for...

Industrial Building Sells at 1140 N Rosemont Blvd. in Tucson

Charges 2 LLC (Brandon Rodgers, member) purchased a 5,000-square-foot industrial building located at 1140 N Rosemont Blvd in Tucson from Richmond Hills Investments LLC (Jesse Chen, trustee) for 343,000 ($69 PSF). The buyer purchased to lease property. Built in 1998 the industrial warehouse building is on a 19,424-square-foot lot zoned...