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The Canadian-based, OBASA Group of Companies of Saskatoon, Saskatchewan, Canada (Gordon Doell, CEO) under affiliate, Sahaurita Residences, LLC of Minot, ND purchased 68-platted lots in Rancho Resort, a 45+ Active Adult Community, in Sahuarita for[mepr-show rules=”58038″]$408,000 ($6,000 per lot) from Allan Eide of Mesa, AZ.  Rancho Resort is a 326-lot planned modular home subdivision on 127-acres located northwest of I-19 and Helmet Peak Road interchange in Sahuarita.

The buyer plans to re-plat the property for 66-lots to construct site-built patio homes with 2-bedroom / 2-baths, double-car garage and courtyards. Locally owned and operated, Cornerstone Homes (John Agresti, manager) has been engaged as the builder and will offer three flexible floor plans. Judy Anderson of Sander Realty in Green Valley has been retained as marketing agent for the homes.

Founded in 1986, the OBASA Group began to purchase real estate assets, develop residential lots, and improve and construct commercial and industrial buildings throughout Western Canada. Over the past 27 years, OBASA Group’s progressive attention to detail, combined with a strong desire to do things the “proper way” has made the award winning company the success it is today. The company brings complete and professional quality design/construction to each facet of the development process. Its corporate policy is to “consistently critique, correct and continue” each step undertaken to ensure that not only are the client’s needs met, but exceeded. Construction and Development awards such as: Architectural Design, The Heritage Awards, The Consumer Choice Awards, The Trusted Business Award, and many others point to a proven and consistent track record of project completion and customer satisfaction.

The OBASA Group expanded into Western North Dakota, the Minot, ND region last July, and shifted its planning to target residential, multi-family and commercial markets at its new 667-acre Silver Springs master planned community, located just outside of Minot. The Silver Springs community includes single family homes, patio homes, cottages, townhomes, twin homes and apartments all strategically planned to ensure everyone gets to enjoy the views, parks, trail paseos, and amenities.

OBASA has also been the recipient of several awards of excellence including the Provincial Heritage Award and the Consumers Choice Award. Committed to negotiating win-win scenarios, Doell has always looked for solutions that benefit all parties. From negotiating large land developments, subdivisions, and building conversions, to something as simple as adjusting a work schedule to accommodate a staff member’s visiting family, Doell says his job is to ensure that everyone coming in contact with the OBASA Group goes away happy.

Doell says he was attracted to Sahuarita because he often comes to visit friends and “wanted something more to keep him busy when visiting.”  Rancho Resort should do the trick and keep him occupied.

Thrac Paulette of Vast Real Estate Solutions in Tucson represented the buyer in the transaction. The seller was represented by Ted Herman of Sharpe and Associates in Tucson.

Doell of OBASA can be reached at (306) 931-1700. Agresti of Cornerstone should be contacted at (520) 795-7700. Paulette with Vast is at (520) 904-5055. Herman at Sharpe & Associates is at (520) 299-8766. Anderson with Sander Realty can be contacted at (520) 625-5418.[/mepr-show]

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Petrus Partners of New York (Frank Walter, President), doing business in Tucson under the name of Crown West Realty, (Dean Wingert, VP) acquired 155 acres under an affiliate, Santa Rita Ranch III, LLC, for[mepr-show rules=”58038″]$1.7 million. Located off Houghton and Camino Del Toro in southeast Tucson, the seller, Arizona Equity II, LLC (Eric Abrams, manager) had platted the property tentatively for 274 residential 50′ x 110′ and 60′ x 110′ lots ($6,200 per lot).

The transaction was part of a double escrow. In a prior transaction, Arizona Equity II acquired the property from P.I. Holdings No. 4, Inc. of Phoenix for $850,000 that was held under contract for about one year before reselling.

Southeast Tucson continues to experience rapid residential development. The area includes Davis-Monthan Air Force Base and the master planned communities of Rita Ranch and Santa Rita Ranch are both located in the heart of southeast Tucson.

The tentative plat is under review by Crown West to determine whether it will develop or resell the property. There were no brokers involved in the transaction. OK Rihl of Crown West says several builders are eyeing this area for expansion.

Petrus Partners is a privately held full-service real estate investment, development and management firm with offices in New York City, Phoenix, Denver, Tucson and Spokane. The ‘Petrus Partners-Crown West Group’ manages a series of discretionary investment funds totaling over $300 million of equity including $100 million dedicated to value-added investments in residential land. The Group owns and manages 6,000 residential lots and eight million sq. ft. of office, industrial, and mixed-use properties nationwide.

Crown West Realty can be reached at (520) 888-3962.[/mepr-show]

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TMC Holdings of Tucson (Tracy Nuckolls) purchased the 7,701 sq. ft. medical office building at 2380 N Ferguson in Tucson Medical Park, for[mepr-show rules=”58038″]$693,090 ($90 PSF). The transaction involved the sale of the improvements;  buyer already owned the leasehold on the 33,116 sq. ft. of land.  Tucson Medical Park is located across the street from Tucson Medical Center Campus.

TMC Holdings is a private non-profit company established in 1982 that is affiliated with TMC Healthcare, dba Tucson Medical Center that was founded in 1972. It provides inpatient and outpatient services in emergency care, maternal and child health, cardiac care, hospice care, neuroscience, orthopedics, diagnostic services, behavioral health, neuro, and senior services areas. TMC Holdings manages all the real estate assets for Tucson Medical Center.

The seller Building K Properties, LLC of Sedona (Dr. Charles and Julie Rolie) was self-represented when they sold the property. Since selling, 4,500 sq. ft. formerly occupied by Sonora Quest Laboratories was leased to a second medical tenant in the building, joining Dr Krone in 1,200 sq. ft. and leaving 2,000 sq. ft. remaining for lease.  Rick Kleiner, MBA and Tom Knox, SIOR, Office Specialists with Cushman & Wakefield / Picor Commercial Real Estate Services, handled the transaction on behalf of the buyer.

Kleiner and Knox also represent TMC Holdings for all its leasing.

Nuckolls at TMC can be reached at (520) 324-2207. Kleiner is at (520) 546-2745. Knox can be contacted at (520) 546-2701.[/mepr-show]