Saturday, September 22, 2018

Lindy’s off 4th Opens on Tanque Verde

TUCSON, Arizona -- Nickel Properties, LLC of El Paso, TX (David Ogle, manager) sold the Great American Steakburger at 8995 East Tanque Verde Road in Tucson for $935,000 ($181 PSF). The 5,169-square-foot building and 36,242-square-feet of land sold for the newest Lindy’s on 4th location. Catcherfly, LLC (Tim and Shannon...

DaVita Kidney Care Dialysis Center Sells for $2.5 million

TUCSON, ARIZONA -- Vast Commercial Real Estate Solutions (VAST), a full-service commercial real estate and investment brokerage firm, brokered the sale of Building C at 6420 E Broadway Boulevard, Tucson, AZ 85710. Located along the high-traffic Broadway Boulevard in the El Mercado Office Plaza, the 16,830-square-foot space sold for...

Marana Safeway Resells for $8.26 Million

TUCSON, Arizona -- HKM California Properties, LLC (Rob Whittey) purchased the Safeway Store #1749 at 9100 N Silverbell Road in Marana from Fortress Investment Group LLC (NYSE: FIG) for $8.26 million ($150 PSF) in an investment transaction. Safeway will continue to occupy the property. The Marana Safeway sold previously as...

Time Market Owner Buys former Scordato’s on Speedway and Rincon Market

TUCSON, ARIZONA –  Time Market owner Peter Wilke purchased the former Scordato’s restaurant at 4405 West Speedway Blvd. in Tucson from Safari Development, LLC (Tracy Hardy, member) for $430,000 ($65 PSF). Tari Auletta of Keller Williams in Tucson represented the seller and Kristy Kelley with Long Realty represented the buyer....

Southern Arizona CCIM Chapter Conversation Corner

TUCSON, Arizona -- The following commercial real estate transactions reported by members of the Southern Arizona CCIM Chapter created a lot of conversation at the March meeting, so we've created the CCIM Conversation Corner to cover them. James Robertson, CCIM, & Omer Kreso of Realty Executives sold 12 residential units...

Property on Speedway Trades for Office Condos in 3-legged Exchange

TUCSON, ARIZONA -- David Lee had been eyeing the property at 902 E Speedway Blvd in Tucson for some time with future expansion to his adjoining property at 914 E Speedway in mind.  He finally was able to acquire the asset this month in a complex three-legged transaction. Speedway Park...

Gladden Farm sees Phase II coming with Richmond and Lennar

MARANA, Arizona -- Richmond American Homes and Lennar Homes teamed up to buy Block 35 and 39, the first sales in Gladden Farms II. Richmond acquired 64-lots for $3,456,000 and Lennar purchased 59-lots for $3,186,000, or $54,000 per finished lot. Both builders are currently building in Gladden Farms I, to...

Dutch Bros Coming to Tucson at Broadway & Wilmot, former Mimi’s...

TUCSON, ARIZONA – The former Mimi’s Café at 120 S Wilmot Road in Tucson sold for redevelopment to a real estate developer for $925,000 ($31 PSF) for land value. The seller was Kirkwood Enterprises, Inc. of Scottsdale (Cynthia Pappas, President / CEO). The 6,314-square-foot restaurant building located near Broadway and...

ABI Multifamily Brokers $10.55M Apartment Sale in Casas Adobes Neighborhood of...

TUCSON, AZ -- ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $10,550,000 / $95,909 per unit sale of the Orange Tree Village Apartments located at 645 W Orange Grove Rd. in Tucson, Arizona.  Orange Tree Village is a lower density...

SVN Close $5.6M in Sales from Downtown Phoenix to Ajo, Arizona

Phoenix, Arizona – Downtown Phoenix is home to a vibrant business and entertainment district with shopping at the CityScape Phoenix complex and art galleries on Roosevelt Row.  SVN DesertCommercial Advisors in Phoenix is one of the largest commercial real estate brokerages that make a strong presence in the downtown...

Developer Buys 9.55 Acres at 900 West Orange Grove for $1.3...

TUCSON, ARIZONA – Orange Tree Partners (Richard B Price, manager) bought 9.55 acres with improvements at 900 West Orange Grove Road in Tucson for $1.3 million ($3.13 PSF). The infill property has dwellings on it originally build in 1931, a 3,133-square-foot SFR and two additional buildings in disrepair and is...

B/E Aerospace Building in Tucson Sells for $13.2 Million

TUCSON, ARIZONA -- Burl Holdings,LLC (Russ Bomhoff) sold the property occupied by B/E Aerospace in the Eastside Research / Commerce Center sold to an investor from Anchorage, AK for $13.2 million ($105 PSF).  The Florida-based company, B/E Aerospace, bought the Tucson company  Bomhoff Inc., a maker of cabinetry for...
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