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Dunkin Donuts franchisee, Campbell Tucson Retail, LLC of Chandler, AZ (J. Aaron Klusman, manager) exercised a purchase option on the restaurant at 2553 N Campbell Ave. in Tucson[mepr-show rules=”58038″]for $575,000 ($336 PSF) after doing a complete reconstruction of the former Los Alazones Mexican Food restaurant. The 1,712 sq. ft. building was originally built in 1970 as a What-A-Burger and is located northwest of Campbell and Grant. The sellers were Edward E Colson and Karen Jeanne Colson, Trustees of the Colson Family Trust of Carlsbad, CA.

As part of a double escrow, also on March 22nd, Campbell Tucson Retail resold the property to Ronnie and Judith Green of Aurora, CO in a sale leaseback agreement with the franchisee for $1.25 million and undisclosed terms.

The new Dunkin Donuts is to open Saturday, March 30th. The building has been completely transformed from the original structure that was razed down to the slab and one wall, as the before and after photos indicate. The transformation to the entire city block is a dramatic one. The franchisee owns other Dunkin Donuts and / or coffee shops in the Phoenix and Las Vegas markets. This is its first store to open in Tucson.

Rick Borane of Volk Company in Tucson handled the lease and purchase option with sale for the franchisee.

To contact Borane call (520) 326-3200. Klusman is at (602) 774-3300.

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Tucson-based Modular Mining Systems, Inc. (a wholly-owned subsidiary of Komatsu America Corporation) recently purchased the 31,100 sq. ft. office building at 3285 E. Hemisphere Loop in an all-cash transaction totaling approximately[mepr-show rules=”58038″]$2.2 million ($71 PSF). The single-story, Energy Star-rated facility, situated on 277 acres in the Tucson International Business Park, formerly housed the US Drug Enforcement Administration (DEA). The DEA vacated the building in a consolidation move to its other location at 6970 S. Palo Verde Rd.

The seller, GPT Properties Trust, David Blackman, President; is a self-managed, self-administered real estate investment trust (REIT), and an affiliate of Government Properties Trust, Inc. (NYSE:GOV).

Scott Baker, VP of Support Services at Modular commented, “Over the next several months, we will remodel both our current 50,000 sq. ft. building (at 3289 E. Hemisphere Loop) and the new facility, to create a unified, campus-like environment.” Baker continued, “We needed more space to accommodate the expansion of our software and hardware development groups. With this in mind, we considered various options, such as building on land we already own, moving to a larger space in another location, or buying the empty facility next door. After evaluating the pros and cons, the latter option won out as being best for us. The old DEA building hasn’t been renovated since 1993 so we have plenty of work ahead, but we’re pleased with our decision.”

Founded in 1979, Modular Mining Systems, Inc. developed and brought to market the DISPATCH® fleet management system. With configurable hardware and software, this groundbreaking technology optimized the assignment of trucks to loading and dumping points in an open-pit mine and produced operating reports during the shift. Using this early success as a springboard for further innovation, Modular went on to develop the IntelliMine® mine management solution.

DISPATCH, ProVision®, MineCare®, and MineAlert™, comprise IntelliMine,addressing the big picture areas of operations, planning, maintenance, and safety. Powerful reporting and maintenance management tools integrate seamlessly and provide mines with the tools they need to carefully manage operations at all times. With more than 220 installations worldwide, IntelliMine is the mining industry’s solution of choice.

Tim Healy of CBRE in Tucson handled the transaction.

[mepr-show rules=”58038″]Contact Baker at (520) 746-9127. Blackman can be reached at (617) 219-1440. Healy is at (520) 323-5119.[/mepr-show]

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Starburst Properties, LLC an affiliate of Halbert Bros, Inc. (Cliff Halbert, President) bought 21,840 sq. ft. of vacant land for[mepr-show rules=”58038″]$140,000 ($6.41 PSF) at 4904 N Shamrock Place, lot 9, in the Shamrock Center, for construction of a 6,500 sq. ft. industrial spec building.

This is the second spec building for Halbert in the Shamrock Center at the northeast corner of Ruthrauff and La Cholla Blvd. The 6,493 sq. ft. building at 4897 N Jersey Court (lot 10) next door was sold for $600,000 ($92 PSF) in November to Sonoran Process Equipment, a mining supply company, for expansion to its main location at 1821 W Dairy Place. There were no other available spaces in Shamrock Center to lease or to buy.

Some might say Halbert is bucking the trend to even bring up speculative buildings in a market with over 206,000 sq. ft. of vacant industrial space at the end of the year. However, his was the sole industrial spec building constructed and sold in 2012 within Northwest Tucson.

There were no brokers involved in these sales.

Halbert can be reached at (520) 444-9170.

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