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Springs Gymnastics Cheer & Dance, LLC (David Painter, owner) purchased the property where it had been a tenant at 9694 East Rita Commerce Drive in Tucson for[mepr-show rules=”58038″]$1 million ($89 PSF). The 11,200-square-foot building was built in 2007 on 2.14 acres.

Springs opened in November 2001, offering gymnastic programs for students 12 months through competitive training, fun classes, and competitive teams. Springs continues to grow, with a focus on serving the East Side of Tucson, and Vail area with its staff of professional and caring instructors interested in each child’s progress.

Gymnastics is a unique sport which develops strength, flexibility, balance, agility, and coordination. Not only are these qualities necessary for an aspiring gymnast, they are great stepping stones for all sports. Gymnastics also teaches children the importance of setting goals for their efforts, which is a valuable lesson at any age. Springs goal is to go above and beyond a child’s physical development.

“At Springs, we provide a positive atmosphere, where children can build confidence, independence, and respect for themselves and others,” said David Painter, the owner.

Some experts say that the greatest benefits of gymnastics training for children are physical: the amazing power, the unparalleled balance, and injury-preventing agility and grace. Other experts say that the greatest benefits are of the mind: the perseverance, the poise, the confidence, the attention to detail, the concentration. Which is right? According to Painter, “The experts at Springs know the answer. It is, without a doubt both.”

Painter, also a real estate agent with Realty Executives of Tucson represented himself in the transaction. The seller, Old Vail Properties (Robert Keeler, Trustee) was also self-represented.

For more information, Springs can be reached at (520) 664-1900.  Painter is at (520) 907-5005 and Keeler can be contacted at (520) 544-9280.[/mepr-show]

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[mepr-show rules=”58038”]Sale date 10/25/2013. Springs had been a tenant in building since it was built (2007) and had an option to purchase that was renegotiated at time of sale. Buyer paid $100,000 down and financed the balance with SBA financing. APN: 141-18-5710[/mepr-show]

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Pollo Feliz purchased the building it had been leasing at 4001 North Oracle Road in Tucson for[mepr-show rules=”58038″]$2.1 million. The 3,188 square-foot building was constructed in 1978 and is at the northwest corner of Roger Road and Oracle Road on 1.14 acres.

The Pollo Feliz story started in 1975 in Sinaloa, Mexico when a small grilled chicken restaurant was born, and because of its original and unique marinade recipe, shortly became a success. Growth was inevitable and new stores were opened across 167 cities in Mexico.

Today, Pollo Feliz lays claim to being the largest chicken restaurant chain in Mexico and now we’re bringing our flavorful feasts north of the border to delight the US market in general.

In 2001, Pollo Feliz decided to go international and arrived in Tucson, AZ and in 2007 a new goal was set and proudly arrived in Houston, TX with the best Mexican Style grilled chicken. Now Pollo Feliz has over 650 stores between Mexico and USA.

In 2010 the restaurant chain celebrated its 35th anniversary and Pollo Feliz formally launched a franchise plan in the US.

Robert Nolan with Oxford Realty Advisors of Tucson represented the seller, The Steven Harting Trust.  Bill Farris with Paradigm Commercial Realty in Texas represented the buyer.

For more information, Nolan should be reached at (520) 232-0200. Farris can  be contacted at (713) 882-9690 and Pollo Feliz at this location is at (520) 888-5357.

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TLC Dove Mountain, a new joint venture, formed by True Life Communities of San Ramon, CA (Taber Anderson) with offices in Phoenix and Miramonte Homes of Tucson (Chris Kemmerly) have joined forces at Dove Mountain to develop and construct 188 new homes. The first phase of the project was for 88-platted lots that commanded a price of approximately[mepr-show rules=”58038″]$4.2 million ($48,000 per lot) with the remaining lots under contract for Spring 2014.

Boulder Bridge Pass, name subject to change, consists of 44.5 acres in the Dove Mountain Master Planned Community. The lots sizes range from 65 to 80 feet wide, with the larger lot sizes on the golf course. The sellers were Redhawk Marana, Rita Land Corporation and Dove Mountain Investors, LLC, all affiliates of Cottonwood Properties, (David Mehl, CEO) the developer of Dove Mountain.

Over the past year, True Life Communities (TLC) has aggressively expanded their land portfolio throughout California, Arizona, Hawaii and Colorado, by acquiring over 5,000 lots and securing an additional 6,000 lots under contract. In addition, their resort and lifestyle division has focused on investment in and management of highly amenitized master-planned communities.

The company owns and manages the luxury master planned community of Pine Canyon in Flagstaff, AZ and recently added Talking Rock in Prescott, AZ to their portfolio. Partnering with Harvard Investment of Scottsdale and increasing their market share in these growing regions. The joint venture between True Life Communities and Miramonte Homes has already been working together in Flagstaff and Prescott Valley prior to the Dove Mountain project.

The Real Estate Daily News caught up with Anderson and Kemmerly together to discuss their new partnership and new project in Dove Mountain. “True Life was looking for a private building partner,” Anderson told us, “when Will White introduced me to Chris Kemmerly and Miramonte Homes. The synergy was great from the start.” The new partnership brings an exciting vision to this dynamic team of industry leaders for land investment, site work and home building and positions it to be a leading industry supplier of resort and lifestyle homes.

Tucson-based Miramonte is well-known and respected as a long-time successful builder in the Tucson area. Kemmerly says, “The Dove Mountain property stands out, overlooking the Ritz Carlton tournament golf course, it has the best possible mountain views. There are no lots without a view in this project, and we look forward to working closely with Cottonwood Properties to maximize the potential of each lot.”

When asked about their future predictions for the industry, Anderson answered first, “Demand is really going to be based on supply; but we expect 2014 to be more or less a repeat of 2013 which has been a very good year for us, with 30-35% increases. Supply will be the big question in 2014, and growth will look slower because of limited supply of finished lots.” Third and fourth quarters have slowed down, but there’s a lot of entitlement work being done now for next year. Most people don’t understand the length of time it takes for entitlements and infrastructure to be put in place.

Kemmerly agreed with Anderson, then added, “The demand will be there, but there will also be a shortage of skilled labor, in addition to the vertical construction shortages.” Since the industry downturn, many skilled workers were lost to other trades, or moved away to other areas. Labor shortages will cause delays to growth.

The new partnership brings together all the necessary pieces for a strategic real estate investment and management firm, with over 250 years of combined industry experience in all facets of real estate acquisitions, development, management and homebuilding, focused on adding value to new and existing luxury master-planned communities.

Will White of Land Advisors Organization in Tucson was the broker handling the transaction at Dove Mountain.

White should be reached at (520) 514-7454 for more information.

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Sale was in two transactions with different sellers and closed 11/1/2013. Buyer paid all cash. Legal description described the number of lots as 94, however buyer confirmed it to be only 88 lots, with a contract for 188-lots.

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