TUCSON, ARIZONA – Sorrento Square, a new retail center development by Larsen Baker of Tucson, located southwest of the corner of Houghton and Golf Links Roads in Tucson will soon have a Burger King and an Auto Zone.

Laird Real Estate (Michael Laird, trustee) purchased a 16,190-square-foot pad at Sorrento Square for construction of the Burger King restaurant for $700,000 ($43. PSF). Tom and Brian Woods of Colliers in Phoenix represented the buyer and Andy Seleznov, CCIM, and Melissa Lal, CCIM, of Larsen Baker represented the seller, Payless Prudence Properties LLC, an affiliate of Larsen Baker.

For more information, Brian Woods can be reached at 602.222.5026 and Tom Woods is at 602.222.5031. Seleznov and Lal should be contacted at 520.296.0200.

Auto Zone signed a ground lease for an adjoining 18,438-square-foot pad at Sorrento Square to build a 6,446-square-foot building. The Auto Zone Store #3682 will be on a long tern ground lease. Plans are to have the store open by first quarter 2018.

Phil Bramsen, Development Manager of Embree Commercial Real Estate Advisors in Phoenix negotiated the ground lease for Auto Zoned and Andy Seleznov, CCIM, and Melissa Lal, CCIM, represented Larsen Baker.

For more information, Bramsen can be contacted at 602.717.7447. Seleznov and Lal should be reached at 520.296.0200.

 

 

image_print