CBRE has been awarded the marketing assignment for The Campus at Tucson International in Tucson, Ariz. The six-building, 253,393-square-foot business park campus sits on 17.6 acres two blocks from Tucson International Airport at 6730 S Tucson Blvd. The property was formerly home to Texas Instrument’s operations in Tucson.
William DiVito and Jesse Blum with CBRE’s Tucson office will handle the marketing of the property for owner HSL Properties of Tucson. DiVito and Blum also brokered the transaction for HSL, which was reported in the Real Estate Daily News on September, 25 2013 (click here for story) from Texas Instruments of Dallas, Texas. HSL is currently making improvements to the property with plans to reposition and bring new life to the project and the Tucson market.
“We believe Tucson is a market that can and will attract major employers with the right kind of real estate. The Campus at Tucson International is that kind of real estate,” said Humberto Lopez, president of HSL Properties. “Our goal is to attract companies that will add value to the Tucson market in the form of jobs and commerce.”
“This campus once housed over 1,400 employees,” said Omar Mireles, HSL’s executive vice president. “Our vision is to see that happen again. We are committed to bringing new businesses and the jobs that come with them to Tucson.”
“The Campus at Tucson International is unique in that it offers a campus environment with amenities and infrastructure that are matched only by the properties that currently house Honeywell, Ratheon and IBM,” said CBRE’s DiVito. “It’s really well positioned to attract quality tenants and we’ve already experienced a flurry of interest from a variety of potential users after officially being on the market only a few weeks.”
“We’ve had interest from companies looking to utilize the property for uses ranging from basic manufacturing to high-tech optics, and even back-office and data-center operations,” said CBRE’s Blum. “Some users have inquired about the entire property, while others have interest in portions of the property. That’s the great thing about The Campus at Tucson International; there are so many possibilities for potential users which opens us up to a really wide variety of user types.”
The Campus at Tucson International is a multi-use site that includes offices, labs, a conference center with a full commercial grade kitchen and cafeteria, as well as manufacturing and warehouse space. The multi-building campus is serviced by a sophisticated on-site central utility core that offers seven megawatts of power, which makes it an attractive option for users with significant power needs. Entirely secured with multiple access points, The Campus at Tucson International is two blocks from the Tucson International Airport and within walking distance to hotels and restaurants.
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[mepr-show rules="58038"]Property sold for $3.75 million, see https://realestatedaily-news.com/hsl-buys-former-texas-instruments-campus-vision/ for more information.[/mepr-show]