SET Real Co., LLC of Salem, OR (Mark Hansen, manager) bought 4.93 acres of vacant land at 2040 N Wilmot Road in Tucson for $1.7 million ($7.92 PSF). The site, in close proximity to St Joseph’s Hospital campus, will be developed as a rehabilitation center, dba Santé, a transitional rehabilitation center operated by Santé Partners to serve patients in need of post-acute rehabilitation.
Santé Partners was founded in 2008 by four principals with extensive experience in the real estate and healthcare industries. The partners envisioned the deliverance of care and services in a manner that would recognize the "whole" person where patients can heal in an environment that embraces and promotes health, well-being and dignity.
The network of after-hospitalization care properties will be new to Tucson, but Santé has centers already in Scottsdale, Mesa, Surprise and Chandler in Arizona as well as in Oregon.
"We're very excited to have the opportunity to serve Tucson," said Santé CEO Mark Hansen. "This is a new market for us and we look forward to becoming a part of the community in southern Arizona."
The transitional rehabilitation center will break ground this year and is expected to open in April 2016, Santé of Tucson will be a two-story, 68,000-square-foot building with 87 patient units and 89 beds at a cost of $24 million. It will also have the potential to accommodate another 14 beds and include a short-term memory care wing. In full operation, the rehab center should create approximately 135 jobs.
ANL Investments, LP of Tucson (Henry Amado, manager) was the seller and was self-represented in the transaction. James Hardman with Desco Southwest of Tucson negotiated the sale for the buyer.
To learn more Hardman should be contacted at 520.297.8929.
See also RED Comp #2328 for more information.
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Snyder-Sabino Holdings, LLC of Tucson (Lynn Taylor and Barry Kitay, managers) sold 1.4 acres of vacant land at 7801 E Snyder Road in Tucson for $500,000 ($8.40 PSF) to the Gould Family Properties, LLC of Tucson (Wayne Gould, manager). The property sold with underground infrastructure in place and approved plans for a 14,000-square-foot office building for the site. It's undetermined what buyer plans for the site.
Lynn Taylor of Whirlygig Properties in Tucson handled the transaction. To learn more Taylor can be reached at 520.546.9003.
See also RED Comp #2303 for more information.
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The Hinkson Company of Scottsdale (James Neal, manager) purchased a 1.6 acre out pad at Tucson III Spectrum for $900,000 ($14.29 PSF) for construction of a 5,500-square-feet Native Grill & Wings restaurant. Hinkson is the exclusive developer for Native Grill & Wings in Arizona and this will be the third restaurant location in Tucson. The other two are at Arizona Pavilions, 8225 N Courtney Paige Way in Marana and at 3100 E Speedway Blvd, Tucson, with 28 current locations across Arizona.
In 1978, Floyd and Judy Anderson packed their four daughters into a car in Buffalo, New York and set off for Arizona to follow their dream of owning and running a restaurant.
They bought a small local pizza joint, renamed it “Native New Yorker”, and threw their life savings into building a successful business. It wasn’t that easy. After months of terrible sales, long hours, and a roller-coaster of emotions, Judy had an epiphany: Chicken Wings. The Andersons were the first to bring wings to Arizona, and they were an instant hit! Native New Yorker began receiving awards for their wings that almost immediately became local icons.
Native New Yorker (or, “Native”, as the regulars called it), became an Arizona favorite. In 2014, Native New Yorker officially shortened its name to Native Grill & Wings, and gave the logo a facelift. These days, the family, together with a strong leadership team and a growing group of franchisees, is expanding Native Grill & Wings and receiving nationwide recognition. Recently named on Restaurant Business Magazine’s Future 50, Native has become known as a polished sports grill that proudly offers 19 wing flavors that the guest can order by the each!
Ken Sterns with DDR represented the seller, DDR Tucson Spectrum of Beachwood, OH, and James Neal represented Hinkson Company.
To learn more Sterns can be reached at 216.755.5840 and Neal can be reached at 480.794.1887.
See also RED Comp #2302 for more information.
[mepr-show rules="58038"]2040 N Wilmot - Sale date: 12/12/2014. Sale price recorded at $1,760,724 included fees for extensions. Buyer paid $583,681 down and financed the balance. Escrow was 1 year. Buyer representation was paid by buyer. 7801 E Snyder Road – Sale date: 11/26/2014. All cash transaction. Tucson III Spectrum pad – Sale date: 11/26/2014. Sale price: $900,000. Buyer paid $30,000 down and financed the balance. Property APN: 137-05-539.[/mepr-show]