Marana – Toll Brothers AZ Construction Company of Scottsdale (Jeff Nielsen, Land Acquisition) has purchased 72 P&E lots at Los Saguaros at Dove Mountain in Marana for $5.994 million ($83,250 per lot). The lots are 72’ x 140’ and 90’x 140’ in size. The seller was Tortolita Properties, LLC of Scottsdale (Art Powell, manager).

Toll Brothers hope to open this new development as early as October 2014.

Neilsen told us that Toll Brothers has been out of the Tucson market since 2007. “We’re excited to be back,” Neilsen said. “Marana was very easy to work with and business friendly, and we are liking the opportunities we see in the region.”

Toll Brothers is a publicly owned company listed on the New York Stock Exchange (NYSE:TOL). A FORTUNE 1000 Company it ranked #1 in 2011 and 2010 in Financial Soundness, Long-Term Investment, and Quality of Products/Services in FORTUNE magazine’s annual World’s Most Admired Companies survey in the home building category. The company has won the three most coveted awards in the home building industry: America’s Best Builder, National Builder of the Year, and the National Housing Quality Award.

Toll Brothers believes that preserving the natural environment is an integral part of creating a community you’d be proud to call home. That means everything from environmentally sensitive planning to energy-efficient home design. Nationwide, Toll Brothers partners works with conservation groups such as the National Wildlife Federation and Audubon International. In addition, the homes they build are designed to harmonize with the scenic beauty of the surrounding landscape, preserving as much open space as possible, incorporating and even restoring the existing hills, trees, and ponds. Their homes include numerous green features that help to minimize impact on the environment. Going green with Toll Brothers means saving money, making a difference, and maximizing the quality of life.

Toll Brothers is currently building in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington.

The company is also looking for more opportunities in the area.

Nielsen can be reached at (480) 596-5815

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[mepr-show rules=”58038″]Sale date: 3/27/2014. Down payment: $1 million with seller carry back for balance. Lots 62-133 Los Saguaros at Dove Mountain sequence No. 20121640199. APN: 218-37-139 thru 210.[/mepr-show]

Chuck E Cheese ’s bought 2.52 acres of land at the former location of the Magic Carpet Golf at 6109-6125 E Speedway Blvd. in Tucson for $1.3 million ($12.24 PSF).Chuck E Cheese’s has plans to build a new 15,000-square-foot facility on the property.

Chuck E. Cheese ‘s (formerly Chuck E. Cheese ‘s Pizza Time Theatre and Chuck E. Cheese ‘s Pizza) a chain of American family entertainment centers. Chuck E. Cheese ‘s is the main brand of CEC Entertainment, Inc., with its headquarters in Irving, Texas, Texas.

Chuck E Cheese ’s is a family restaurant / entertainment center. The concept is a sit-down pizza restaurant, complemented by arcade games, amusement rides, an animatronic show, and other diversions, such as climbing equipment, tubes, and slides − all mainly directed at younger children. The brand is represented by Chuck E. Cheese, an anthropomorphic mouse.

The company was founded as Chuck E. Cheese ‘s Pizza Time Theatre by Atari founder, Nolan Bushnell in 1977, officially being labeled as the first family restaurant to integrate food, animated entertainment, and an indoor arcade. In 2007, the company celebrated its 30th anniversary, and as of March 2014, it operates 577 restaurants.

Greg Furrier, Principal, Retail Specialist and Paul Hooker, Industrial Specialist, both with Cushman & Wakefield | Picor of Tucson represented the seller, Chapman Automotive Group of Tempe, in the transaction.

Furrier can be reached at (520) 546-2735 while Hooker is at (520) 546-2704, for more information.

Oracle Road Partners LLC, an affiliate of Tucson-based Diamond Ventures purchased a 19,700-square-foot building at 11085 North Oracle Road in Steam Pump Village, in Oro Valley, Ariz for $1.15 million ($58 PSF). The property was owned by National Bank of Arizona when it sold in this REO sale. Originally build for Studio C of California Design Stores, the store first opened in 2006 and has been banked owned for approximately two-years.

Doug Marsh and Robert Nolan with Oxford Realty Advisors represented the seller.

Marsh told the Real Estate Daily News, “To find a tenant for either retail or office for the 20,000-square-feet in this submarket was difficult. We had interested parties for 8-10,000-square-feet spaces so the best option is to split it into smaller office and / or retail spaces.”

It’s been difficult for the office market for some time. Marsh told us. “The Tucson market isn’t overbuilt, but the velocity just isn’t there.”  Companies aren’t creating jobs at a rate to expand and office tenants don’t want to commit with uncertainties in the economy.

Diamond Ventures stepped up and took the risk of dividing the building into any size range users need.

Oxford Realty will be handling the leasing of the building and believes it may already be leased to interested tenants needing slightly smaller spaces.

Shannon Murphy of DVI Realty Service in Tucson represented the investor.

Contact Marsh or Nolan at (520) 232-0200 for leasing information. Murphy can be reached at (520) 577-0200.