Tucson Airplane Hanger on 18 Acres Sells for $1.75 Million

TUCSON, ARIZONA — RBEX Inc. dba Apple Towing, purchased the airplane hanger and 18-acres at 5951 S Wilmot for $1.75 million from a local living trust.

As the largest established towing company in Houston, Texas, Apple Towing is a trusted contractor for the Houston Police Department’s Asset Forfeiture Division, DEA, FBI, ATF, IRS, U.S. Customs & Border Protection, U.S. Treasury, and the U.S. Marshals Service through its auction network.

The industrial market continues to grow in a strong and steady direction as distribution and residential housing continues to grow quickly.

Arizona as a whole outpaces the rest of the country by far when it comes to unemployment rates, economic growth and real estate activity. Migration patterns continue to favor Arizona as residents migrate to Arizona from densely populated cities and states.

Reasons for Arizona migration include COVID, real estate prices, taxes, regulations and climate. As this mass migration continues, the demand for the residential market continues to stay very strong. This demand is fueling the industrial market as residential developers spur more demand for industrial supply houses and trade related businesses.

Max Fisher was with Cushman & Wakefield | PICOR at time of this transaction, however has since moved to BRD Realty.

“Migration and the upcoming wave of demand from marijuana cultivators are going to slim the industrial inventory even more over the next year,” said Max Fisher. “We can expect lease rates and sale rates to increase.”

For more information, Fisher should be contacted at 520.465.9989.

To learn more, see RED Comp #8536.




CBRE Announces $1,522,500 Sale of 6121 E. Broadway Blvd in Tucson

Tucson, Arizona – CBRE announced the sale of a 29,745-square-foot retail/office building on 2.96-acres in Tucson, Ariz. sold to Broadway Bob, LLC, a private Tucson-based investor at $1,522,500. ($51 PSF).

CBRE’s Nancy McClure in Tucson represented the local private seller, 6121 FC, LLC and JMJV, LLC. The buyer was represented by Xiangfeng Bob Zhang, Bob Principal Realty, LLC.

The property, located at 6121 E. Broadway Blvd, across the street from Park Place Mall, consists of a “U” shaped set of 3 buildings that were built in 1979. The buyer plans to renovate and re-tenant the well-located property.

“This property attracted this buyer for its positioning in the regional mall area that is surrounded by corporate offices, major retailers and restaurants, hotels, and near Davis-Monthan Air Force Base,” said McClure. “The layout of the buildings will allow the buyer to lease to smaller tenants in the retail, service and medical at competitive rents.”




Mattamy Homes enters Premiere Gladden Farms MPC

A typical Mattamy home in Tucson, AZ (CNW Group/Mattamy Homes Limited)

Acquisition of significant and sought-after property signals Mattamy’s confidence in strength and future of Tucson market

MARANA, ARIZONA — Mattamy Homes closed on 115 lots (50’X120′) in Block 31 of Gladden Farms for $7.45 million ($65,000 per finished lot). The  22 acres was purchased from Gladden Phase II, LLC (Crown West Land Group, Dean Wingert, Vice President).

Gladden Farms is a 1,350-acre master planned community in northern Marana, just west of Interstate 10 between Tangerine and Moore Roads. The master-plan was the top performing community in the Tucson area in 2020 with 235 new home sales and is the most active project in the Northwest Tucson submarket. The community will now be home home to 6 builders: Meritage Homes, Richmond American, Lennar, Pulte Homes, KB Home and Mattamy Homes.

Located minutes north of Tucson in the heart of Marana, Arizona, west of Interstate 10,  the new Mattamy neighborhood will be known as Glenmere at Gladden Farms and will open later this year.  The homes will back onto open green spaces and common areas, offering a variety of single- and two-story floorplans, homesites . The land sale represents the first homebuilder purchase in a new phase of Gladden Farms which will include over 800 lots to be purchased and developed in 2021. This surge in acquisition and development activity comes as follow up to a very strong 2020 for the master-plan.

“We are very excited to be able to offer Mattamy homes in such a beautiful and established master-planned community,” says Anjela Salyer, Vice President of Mattamy’s Tucson Division. “The product offering we’re planning will appeal to a variety of young and mature families, seeking a strong community and access to great amenities, in addition to those looking to downsize with the hassle-free lifestyle afforded by new construction. The Mattamy Homes team is looking forward to our opening in early 2022, introducing Glenmere at Gladden Farms.”

The highly desirable area is currently home to more than 2,000 residences, offering numerous amenities including spacious parks, miles of paved walking trails, one of the largest children’s splash pads in southern Arizona, sports fields, a dog park and an elementary school, all within walking distance of the new Mattamy community. Glenmere at Gladden Farms will feature Mattamy’s distinctive community design and architectural style as well as commitment to home quality and customer experience.

“At Mattamy we are enthusiastic about the growth potential of the Tucson market, as we believe that people will be looking to southern Arizona as a place where they want to live and raise a family, own a second home or retire to,” says Salyer. “Our Gladden Farms acquisition will serve those needs exceptionally well. Along with our established communities for sale and other upcoming acquisitions, this is an example of our commitment to the Tucson market, and of our company’s confidence in the future of housing locally.”

Will White and John Carroll of Land Advisors Organization in Tucson handled the transactions and have the marketing assignment for all of  Gladden Farms.

“2021 is set to be a record shattering year at Gladden Farms,” White commented. “The demand for lots is being backed up by the strong pace of the community which is carrying over well into 2021. Now with six homebuilders in the community, we anticipate the pace to continue to increase as well as pricing power and great product options.”

For additional information, White and Carroll should be reached at  520. 514.7454