TUCSON, Arizona (Oct. 2, 2026) — VASAP LLC purchased the property at 7870 N. Leilani Lane for $2.5 million from REN Investments LLC, with plans for the tenant to operate a Lightbridge Academy early childhood education facility.

The transaction closed September 24, 2026. Built in 2019, the property contains approximately 15,000 square feet of improvements on approximately 70,599 square feet, or 1.62 acres, of land. The sale price equates to approximately $167 per square foot of improvements.

Debbie Heslop of VOLK Company represented the seller. Brandon Hiett and Emily Caron of MOHR Partners in Dallas represented the purchaser.

Located in the Continental Ranch area near Cortaro and Silverbell roads, the property will accommodate an early education and child care center serving families in northwest Tucson.

Lightbridge Academy offers infant and toddler care, preschool and prekindergarten programs, generally serving children from six weeks through five years old. Its proprietary Seedlings curriculum combines classroom learning with activities supporting language, physical, social and emotional development. Enrichment offerings include music, Spanish, sign language and yoga, with programs varying by location.

The company’s “Circle of Care” approach emphasizes relationships among children, parents, teachers and the surrounding community. Lightbridge Academy also offers technology intended to keep parents connected during the day, including a parent communication app and live classroom video access.

An opening date for the Leilani Lane facility has not been announced in the transaction information provided.

For additional information on the sale, contact Heslop at VOLK Company at (520) 326-3200.

Source: RED Comp #12733.

TUCSON, ARIZONA (October 1, 2026) — A 14-property industrial portfolio spanning approximately 1.25 million square feet across Tucson has sold for $165.75 million to separate buyer LLCs associated with New York-based Everview Partners, L.P. Pegasus Tucson Owner LLC of Newtown Square, PA was the seller.

The transaction encompasses the Tucson Shallow Bay Industrial Portfolio, comprising 85 buildings in established business parks. The purchase price equates to approximately $133 per square foot.

Will Strong, Michael Matchett, Madeline Warren, Molly Miller and Jack Stamets with Cushman & Wakefield’s National Industrial Advisory Group, together with Paul Hooker, SIOR, of Cushman & Wakefield | PICOR in Tucson, represented both the buyer and seller.

The portfolio comprises the following properties. Individual recorded sale prices are added below.

The properties provide a mix of warehouse, office and flex space for businesses throughout the Tucson market. Their locations span several established industrial and employment corridors, including Forbes Boulevard, Prince Road, Ruthrauff Road, Palo Verde Road, Research Loop, Dodge Boulevard, Speedway Boulevard and East 29th Street.

The portfolio was approximately 90% leased to 452 tenants at the time of sale.

The properties are in established infill locations and concentration within business parks also offered opportunities for coordinated management and tenant expansion.

Shallow bay industrial properties generally accommodate smaller business users in multi-tenant buildings. Their combination of warehouse and office space serves a range of operational needs, giving investors exposure to numerous tenants rather than relying on a single large occupant.

The sale marks another ownership transition for a portfolio previously acquired through Equus-sponsored funds and investment partners in October 2021. As reported by Real Estate Daily News at the time, the 14 Tucson industrial parks traded for approximately $150 million as part of Equus Capital Partners’ larger $1.15 billion acquisition of industrial properties in Tucson and Phoenix.

The current sale total is approximately $15.75 million, or 10.5%, above the reported Tucson acquisition price in 2021. That comparison reflects the change in purchase price and does not account for capital improvements, operating income or transaction expenses during the intervening ownership period.

Everview Partners is a private investment management firm founded in 2024 by Billy Rahm and publicly launched in February 2025. The firm invests in real asset companies and properties across North America, combining real estate, private equity and credit investment strategies. Industrial and logistics properties are among its investment sectors.

Before founding Everview, Rahm served as senior managing director and head of real estate at Centerbridge, where he spent 18 years and built the firm’s global real estate investment business. He began his career at Blackstone.

The acquisition gives Everview-associated entities an established presence across Tucson’s industrial market, with a diversified tenant base and properties serving businesses in several of the city’s principal employment corridors.

For more information, Paul Hooker with Cushman & Wakefield | PICOR can be reached at (520) 546-2704.

Source: RED Comp #12737

TUCSON, AZ (Sept. 29, 2026) — The property housing Camp Lowell Surgery Center at 4620 E. Camp Lowell Drive sold September 23 for $11.4 million. The buyer was MMOF IV Tucson AZ LLC, an entity associated with Nashville-based Montecito Medical Office Fund IV. The seller was Camp Lowell MD Investments LLC, managed by Dr. Laurence D. Kaye.

Built in 2005, the outpatient surgery center sits on 1.36 acres about two miles from Tucson Medical Center. The 16,628-square-foot building includes seven operating rooms, preoperative and postoperative areas, administrative space and a backup generator.

Nathan Huffman and Ryan O’Connell marketed the property through Peranich Huffman Net Lease Group. It sold as a fully occupied, single-tenant investment, with Camp Lowell Surgery Center LLC operating at the site under an absolute net lease.

The offering listed annual base rent of $747,027, with 2.5% annual increases and a lease term extending through March 31, 2036. Based on that rent and the recorded sale price, the transaction reflects an approximate 6.55% cap rate. Camp Lowell Surgery Center continues to operate at the property as a tenant.

Source: RED Comp #12732