Radiology Limited building in Green Valley sells for $2.6 million

GREEN VALLEY, AZ (April 1, 2025) – The medical building at 450 W Continental Road in Green Valley was sold for $2.6 million ($360 per square foot) in an all-cash transaction. Page Holdings, LLC, a Paradise Valley investor, acquired the property as part of a 1031 exchange upleg.

Constructed in 1994, the 7,225-square-foot building was fully leased to Radiology Limited and sold as an investment property.

Karen Farrell of Venture West represented the seller, TIA-Real Estate, an affiliate of Venture West Real Estate Services in Tucson.

Justin Horowitz of SVN / Desert Commercial Advisors in Phoenix represented the buyer.

For more details, Karen Farrell can be reached at 520.722.9292, and Justin Horowitz at 480.425.5501.

Subscribers can refer to RED Comp #11790 for additional information.

TUCSON, AZ (March 31, 2025) — This week, Denisse Angulo-Badilla of Cushman & Wakefield | PICOR and Robert Tardy with Cushman & Wakefield, Tampa, handled a new 56,049-square-foot industrial lease to Stanley Black and Decker at Parque Industrial Nuevo Nogales in Nogales, Mexico.

The following leases were reported to Real Estate Daily News from March 24-28, 2025.

INDUSTRIAL – PARQUE INDUSTRIAL NUEVO NOGALES, NOGALES, SONORA, MX
Stanley Black and Decker leased 56,049 square feet of industrial space at Parque Industrial Nuevo Nogales in Nogales, Mexico.  Denisse Angulo-Badilla, Industrial Specialist with Cushman & Wakefield | PICOR, and Robert Tardy with Cushman & Wakefield, Tampa, represented the tenant.

RETAIL – ORACLE PLAZA, TUCSON, 85704 – Northwest Submarket 
Just Between Friends Tucson leased 33,630 square feet of retail space at Oracle Plaza, 6310 N. Oracle Rd. in Tucson from Oracle Plaza, LLC. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR represented the landlord.

INDUSTRIAL – 831 E 47^TH STREET, TUCSON, 85713 – South Submarket 
US Med-Equip, LLC leased 5,747 square feet at 831 E. 47th Street. Gordon Wagner, Ben Craney with NAI Horizon, and Jeremy Feerer from NAI Global Corporate Solutions represented the tenant; Tim Healy with CBRE represented the landlord in this transaction.

RETAIL – MAIN GATE SQUARE, TUCSON , 85719 – Central Submarket 
Posner’s Art Store, Inc. leased 4,338 square feet of retail space at Main Gate Square, 942-944 E. University Blvd., in Tucson, from Marshall Foundation. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR, represented the landlord. Founded in 1913, Posner’s Art Store has served Tucson’s art community with a wide selection of supplies and custom framing for over a century.

RETAIL – 727 W AJO WAY, TUCSON, 85713 – South Submarket 
Taqueria y Hot Dogs Zahid leased 2,680 square feet of restaurant space at 727 W. Ajo Way, Suite 175 in Tucson, from Restivo Family Trust. Aaron LaPrise, Principal, Retail Specialist with Cushman & Wakefield | PICOR, handled the transaction

OFFICE – 2315 E SPEEDWAY BLVD., TUCSON, 85719 – Central Submarket 
Wiedle Law, PLLC, leased 2,227 square feet at 2315 E. Speedway Blvd. in Tucson from The Rosenthal Trust. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR represented the landlord.

RETAIL – BEAR CANYON SHOPPING CENTER, TUCSON, 85749 – Northeast Submarket 
Larsen Baker is pleased to announce that In Balance Pilates has leased the 1,950-square-foot space, at Bear Canyon Shopping Center, 8969 E Tanque Verde Rd, Suite 203, located on the NW corner of Tanque Verde Rd. and Catalina Highway.  The Premises will be used as a Pilates studio.  Isaac Figueroa with Larsen Baker and Pete Villaescusa, represented the landlord, Joey Castillo of Volk Company represented the Tenant.

RETAIL – CAMPBELL SQUARE, TUCSON, 85719 – Central Submarket 
Larsen Baker is pleased to announce that Bang Fitness has leased an additional 1,300 square feet of retail space at Campbell Square, located on Campbell north of Fort Lowell at 3250 N Campbell Ave, Suite 140A. Campbell Square is now fully leased. Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the landlord and handled the transaction.

INDUSTRIAL – BROADBENT BUSINESS PARK, TUCSON, 85745 – West Submarket 
4 Tree LLC leased 1,060 square feet of industrial space at Broadbent Business Park, 2020 N. Forbes Blvd., Suite 101 in Tucson, from Ocaso, LLC. Jesse Blum, SIOR, Principal, and Alex Demeroutis, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – MAIN GATE SQUARE, TUCSON, 85719 – Central Submarket 
Geronimo Restaurant leased 1,044 square feet of retail space at Main Gate Square, 806 E. University Blvd. in Tucson from Marshall Foundation. Greg Furrier and Natalie Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – THE CONTINENTAL, TUCSON, 85719  – Central Submarket 
Joseph Brown and Associates, LLC leased 602 square feet of office space at The Continental, 2343 E. Broadway Blvd., Suite 108 in Tucson, from Continental Development Co., 2343 Broadway, LLC. Thomas J. Nieman, Principal, and Bobby Verenna, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord. Brett Angner, with Everyday Investments Realty, represented the tenant.

Submit sales and leases to REDailyNews@outlook.com.

TUCSON, AZ (March 28, 2025) — Larsen Baker has acquired a five-property portfolio of mostly industrial and some retail properties from California-based Sydco Realty Company. The portfolio, comprising assets across Central Tucson and one in Phoenix, sold for $8 million. It totals 126,878 square feet at approximately $63 per square foot.

The properties include:

• Tucson:
  • Industrial properties at 526 & 576 E 16th Street
  • Industrial property at 505 E 17th Street
  • Retail properties at 3952 & 3996 N First Avenue
  • Retail property at 712-714 N Stone Avenue
• Phoenix:
  • Industrial property at 3836 & 3840 N 28th Avenue

Tenants occupied all the buildings, and Larsen Baker plans to improve and gradually stabilize the properties.

“Larsen Baker is pleased to take over this well-maintained legacy portfolio from it’s a long-time owners,” said Melissa Lal, president of Larsen Baker. “We see continued upside in well located industrial buildings at well below replacement costs.”

The seller was self-represented in the transactions, and Isaac Figueroa and Frank Arrotta, with Larsen Baker, represented the buyer.

For more information, contact Arrotta and Figueroa at 520.296.0200.

Subscribers should refer to RED Comps #11808, #11813, #11810, and #11809 to learn more.

PHOTO: 5226 E 16^TH Street, Tucson