TUCSON, AZ (February 4, 2026) — Local developer, Larsen Baker LLC, reported that Walmart has acquired its existing store at Tucson Place Shopping Center at First Avenue and Wetmore Road in Tucson. Walmart is currently expanding this location into a Super Walmart.

The $16,975,000 sale involved the building and the leased fee interest in 11.7 acres at Tucson Place. Walmart is expanding the store from 86,400 to 160,000 square feet, converting it to a Walmart Superstore. Larsen Baker will continue to own and manage the adjacent 140,000-square-foot shopping center. The sale closed January 28, 2026.

For additional information, contact company president Melissa Lal, CCIM. Alex Clark of Common Bond Development represented Walmart in the transaction.

Melissa Lal can be reached at 520.296.0200 x213, and Alex Clark is at 602.478.6115.

Source: RED Comp #12323

TUCSON, AZ (February 3, 2026) — Torch Properties, owned and managed by Brandon Rodgers, has acquired a partial equity interest in a 100,387-square-foot portfolio of light industrial, retail, and business park properties totaling more than 40 tenants.

The portfolio includes:

• CAMPBELL VILLAGE – 3025 N. Campbell Ave., Tucson — A neighborhood retail shopping center with tenants including The District Bites and Brews, Chipotle, El Jefe Cat Lounge, Gelish Nail Salon, The Running Shop, Core Nutrition, Dirty Dawgs Pet Care, Mauricio Fregoso Salon, and Secure Nation & Cyber.
• PALMDALE/FREMONT BUSINESS PARK PROPERTIES – Tucson — 1010 E. Palmdale St., 1020 E. Palmdale St., 1021 E. Palmdale St., and 4100 S. Fremont Ave. These light industrial business park assets offer office suites and small-to-medium industrial bays with roll-up doors, three-phase power, and flexible office/warehouse layouts.
• 1101 E. 18TH ST., TUCSON — A single-tenant industrial outdoor storage building occupied by Nutrien Ag Solutions.

Torch Properties’ latest investment follows the company’s partial equity buyout last year of Oracle Towers, a light industrial, retail, and business park property at 3811–3889 N. Oracle Road with more than 50 tenants. Torch Properties reports that Oracle Towers is now 100% occupied, citing rapid lease-up, experienced property management, disciplined CAM and expense controls, in-house maintenance, and tenant retention as drivers of improved financial performance in a short period.

Torch Properties and BRD Realty said they are focused on increasing occupancy and delivering experienced, high-quality property management across Campbell Village, the Palmdale and Fremont industrial properties, and Oracle Towers.

Max Fisher of BRD Realty will handle leasing, and Eileen Lewis of Torch Properties will take over the property management.

For additional equity buyout/management opportunities or leasing inquiries, contact Max Fisher at [email protected] or (520) 465-9989.

MARANA, AZ (February 2, 2026) — A major Northwest Tucson industrial facility has quietly changed hands — and the most important detail is the one that isn’t being disclosed.

Southern Arizona Logistics Center (SALC) Building #2 is a 435,023-square-foot concrete tilt-up warehouse at 10070 W. Clark Farm Blvd. in Marana, and was sold for $50,462,671 ($116 PSF) in an investment sale to lease. It closed Jan. 28, 2026. The seller was Southern Arizona Logistics Center LLC, c/o Flint Development, and the buyer was ET Marana V LLC, c/o ElmTree Funds, now owned by BlackRock.

The property was marketed by CBRE, with Tim Healy as the primary contact, and John Werstler, SIOR, and Tanner Ferrandi (CBRE Phoenix) served as listing brokers for the sale. Rob Glaser, SIOR, CCIM, of Cushman & Wakefield | PICOR, with Steve Shields and Peter Wessling of Transportation Property Company of California, represented the buyer.

But while the sale itself is now public, one question still hangs in the air: who will occupy one of the largest newly built industrial properties?  Everyone involved has signed NDAs. The transaction also shows an additional loan amount over the purchase price or $55,055,000 recorded (an $11-$12 PSF TIs) — a detail that will keep the market watching, because buildings of this scale don’t trade lightly and rarely do so without a clear end-user strategy.

Completed in 2023, the facility was designed for modern warehousing and high-volume distribution, with 88 dock doors, four drive-in doors, 133 trailer spaces, 243 parking spaces, and a 36-foot clear height. The property sits on 36.43 acres within the Southern Arizona Logistics Center subdivision, a master-planned industrial setting built for large-scale warehousing.

For brokers, users, and investors tracking the I-10 corridor, this is the kind of transaction that often precedes a headline — not just because of the price tag, but because the next move can signal what’s coming to the Northwest submarket: a regional distribution user, a national fulfillment operation, a major contractor, or another high-velocity logistics tenant drawn to trailer capacity, clear height, and immediate interstate access?