TUCSON, Arizona — A Twin Peaks Plaza building at 7555 West Twin Peaks Road in Marana sold for $2 million ($234 PSF). Situated at the new Twin Peaks and I-10 interchange in the Northwest submarket, the buyer traded up in a 1031 exchange.

The 8,540-square-foot building is a portion of Twin Peaks Plaza, built in 2008 on .95-acres and includes two tenants, The Springs Church and Twin Peak Veterinary. The property was 100% leased at time of sale.

The property is near the new Simon Property’s Premium Outlet Mall, a portion of Marana Center Power Center that will include an Auto Mall and Hotels when complete.

The seller, CJR at Twin Peaks LLC, principal, Gary Heinfeld, CCIM, was self-represented in the transaction.

Wocky Redsar and Tari Auletta, CCIM, with Keller Williams of Southern Arizona represented the buyer, John Kai Jr. LLC of Tucson.

For more information, Heinfeld is at Advisors in Real Estate, Inc. and can be reached at 520.299.0700. Auletta and Redsar should be contacted at 520.615.8400.

This property was listed on RED Listing Registry. To learn more, see RED Comp #4561.

TUCSON, Arizona – Schoolhouse Oro Valley LLC of Queen Creek, AZ (Glenn L Way, manager) purchased approximately 8.6-acres at the southwest corner of Sunkist Road and La Canada Dr. in Oro Valley, from the DESCO Group of St. Louis for $1.5 million ($4 PSF).

The property will be used for construction of a 48,000-square-foot charter school, the second Lehman Academy of Excellence in metro Tucson. The first school opened in Marana August 2015, and another  in Sierra Vista, AZ shortly followed. This will be the third Lehman Academy, and has broken ground for an August opening.

DESCO plans a retail center and tech center to the south of this property, known as Miller Ranch.

Patrick Welchert, SIOR, Industrial Specialist with Cushman & Wakefield | PICOR, represented Leman Academy of Excellence and DESCO in the transaction.

Michael Sarabia and James Hardman with DSW Commercial Real Estate represent DESCO for pad sales.

Welchert should be contacted at 520 546-2748; both Sarabia and Hardman can be reached at 520.297.8929.

To learn more, see RED Comp #4552.

Fry’s Food Stores bought a 43,075-square-foot retail pad at the hard corner of Rancho Sahuarita and Sahuarita Roads in Sahuarita from Rancho Sahuarita (Bob Sharpe, manager) for $1 million ($23.22 PSF). Seller is finishing six pads at this corner.

The property will be used for construction of a new Fry’s gas canopy, located in the same center as the Fry’s at 15950 S Rancho Sahuarita Blvd. in Sahuarita, AZ.

Ted Herman with Sharpe & Associates represented the seller in this trnasaction.

Herman with Dave Hammack and Brenna Lacey of Volk Company in Tucson are handling the additional pad sales.

Herman can be reached at 520.299.8766 while Hammack and Lacey can be contacted at 520.326.3200.

To learn more, see RED Comp #4548.

Skinner Capital Investments LLC purchased a retail pad of 1.75-acrs at 1040-1060 S Harrison Road in Tucson, from BHGT 1005 Trust of Tucson (Brandt Hazen, Trustee) for $1.25 million ($16.40 PSF).

The high-profile property zoned C-1 is located north of Old Spanish Trail on Harrison, and will be used for construction of a 7,200-square-foot building. Southern Arizona Urgent Care is to occupy 3,500-square-feet and the remainder is in negotiation for lease to an undisclosed single tenant. This will be built on .75 acre. The remaining 1-acre pad is also in escrow, being sold for an undisclosed occupant.

Aaron LaPrise, Retail Specialist with Cushman & Wakefield | Picor, represented Skinner Capital Investments in the transaction. Alan Tanner and Brig Stevens with Bourn Advisory Services, represented the seller.

For additional information, LaPrise can be reached at 520.546.2770 and Tanner and Stevens are at 520.323.1005.

To learn more, see RED Comp #4508.

TUCSON, Arizona — Tucson South Development Group LLC, an affiliate of Long Development Corporation (David Long, president) has purchased 5.34-acres located south of the southeast corner of Indian Agency Rd and Valencia Rd within the Midvale Park Shopping Center in Tucson, Arizona for $1.4 million ($6 PSF) for the construction of a 21,702-square-foot Tractor Supply Company store. The building plans include a 15,000-square-foot fenced outdoor display area to be built on approximately 2.3 acres of land.

The store will be located near the new Fry’s, a 104,000-square-foot supermarket that recently opened. Valencia is a main arterial road serving southwest. Neighboring tenants include Walmart Supercenter, Lowe’s and several banks and restaurants.

The balance of the acreage is allocated for the future development of an additional junior anchor(s) to the Midvale Park Shopping Center with capacity to accommodate up to approximately 31,500-square-feet.

The Tractor Supply store will employ 12 to 17 part / full-time staff and will be Tractor Supply’s fourth location in Pima County, with other locations in Catalina, Green Valley and Marana.

Tractor Supply Company targets ranchers, homeowners, do-it-yourselfers, contractors and trade workers, with its inventory that includes tractor/trailer parts and accessories.

Long was self-represented in negotiations for the buyer in the purchase. Greg Furrier with Cushman & Wakefield | Picor represented the seller, Wilcox Center LLC of Tucson (Raymond Lopez, manager).

For more information on the Tractor Supply and the future development, Long should be contacted directly at 602.574.0731. Furrier can be reached at 520.546.2735.

To learn more see RED Comp #4570.