SET Real Co., LLC of Salem, OR (Mark Hansen, manager) bought 4.93 acres of vacant land at 2040 N Wilmot Road in Tucson for $1.7 million ($7.92 PSF). The site, in close proximity to St Joseph’s Hospital campus, will be developed as a rehabilitation center, dba Santé, a transitional rehabilitation center operated by Santé Partners to serve patients in need of post-acute rehabilitation.

Santé Partners was founded in 2008 by four principals with extensive experience in the real estate and healthcare industries. The partners envisioned the deliverance of care and services in a manner that would recognize the “whole” person where patients can heal in an environment that embraces and promotes health, well-being and dignity.

The network of after-hospitalization care properties will be new to Tucson, but Santé has centers already in Scottsdale, Mesa, Surprise and Chandler in Arizona as well as in Oregon.

“We’re very excited to have the opportunity to serve Tucson,” said Santé CEO Mark Hansen. “This is a new market for us and we look forward to becoming a part of the community in southern Arizona.”

The transitional rehabilitation center will break ground this year and is expected to open in April 2016, Santé of Tucson will be a two-story, 68,000-square-foot building with 87 patient units and 89 beds at a cost of $24 million. It will also have the potential to accommodate another 14 beds and include a short-term memory care wing. In full operation, the rehab center should create approximately 135 jobs.

ANL Investments, LP of Tucson (Henry Amado, manager) was the seller and was self-represented in the transaction. James Hardman with Desco Southwest of Tucson negotiated the sale for the buyer.

To learn more Hardman should be contacted at 520.297.8929.

See also RED Comp #2328 for more information.

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Snyder-Sabino Holdings, LLC of Tucson (Lynn Taylor and Barry Kitay, managers) sold 1.4 acres of vacant land at 7801 E Snyder Road in Tucson for $500,000 ($8.40 PSF) to the Gould Family Properties, LLC of Tucson (Wayne Gould, manager). The property sold with underground infrastructure in place and approved plans for a 14,000-square-foot office building for the site. It’s undetermined what buyer plans for the site.

Lynn Taylor of Whirlygig Properties in Tucson handled the transaction.  To learn more Taylor can be reached at 520.546.9003.

See also RED Comp #2303 for more information.

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The Hinkson Company of Scottsdale (James Neal, manager) purchased a 1.6 acre out pad at Tucson III Spectrum for $900,000 ($14.29 PSF) for construction of a 5,500-square-feet Native Grill & Wings restaurant. Hinkson is the exclusive developer for Native Grill & Wings in Arizona and this will be the third restaurant location in Tucson. The other two are at Arizona Pavilions, 8225 N Courtney Paige Way in Marana and at 3100 E Speedway Blvd, Tucson, with 28 current locations across Arizona.

In 1978, Floyd and Judy Anderson packed their four daughters into a car in Buffalo, New York and set off for Arizona to follow their dream of owning and running a restaurant.

They bought a small local pizza joint, renamed it “Native New Yorker”, and threw their life savings into building a successful business. It wasn’t that easy. After months of terrible sales, long hours, and a roller-coaster of emotions, Judy had an epiphany: Chicken Wings. The Andersons were the first to bring wings to Arizona, and they were an instant hit! Native New Yorker began receiving awards for their wings that almost immediately became local icons.

Native New Yorker (or, “Native”, as the regulars called it), became an Arizona favorite. In 2014, Native New Yorker officially shortened its name to Native Grill & Wings, and gave the logo a facelift. These days, the family, together with a strong leadership team and a growing group of franchisees, is expanding Native Grill & Wings and receiving nationwide recognition. Recently named on Restaurant Business Magazine’s Future 50, Native has become known as a polished sports grill that proudly offers 19 wing flavors that the guest can order by the each!

Ken Sterns with DDR represented the seller, DDR Tucson Spectrum of Beachwood, OH, and James Neal represented Hinkson Company.

To learn more Sterns can be reached at 216.755.5840 and Neal can be reached at 480.794.1887.

See also RED Comp #2302 for more information.

[mepr-show rules=”58038″]2040 N Wilmot – Sale date: 12/12/2014. Sale price recorded at $1,760,724 included fees for extensions. Buyer paid $583,681 down and financed the balance. Escrow was 1 year. Buyer representation was paid by buyer.  7801 E Snyder Road – Sale date: 11/26/2014. All cash transaction. Tucson III Spectrum pad – Sale date: 11/26/2014. Sale price: $900,000. Buyer paid $30,000 down and financed the balance. Property APN: 137-05-539.[/mepr-show]

Tuesday, January 20^th a Tucson original, Mr. Baja Fish will open at 1905 W Grant Road in Tucson. Mr. Baja Fish, Benjamin Lugo of Tucon subleased the 3,105-square-feet from KFC restaurant to open this new and exciting restaurant concept.

Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

For more information on this building when it was still a KFC see RED Comp #2061.

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The Guadalajara Grill is doing TI’s at its new location, 4901 E Broadway Blvd in Tucson to open in March. The 7,795-square-foot restaurant is a former TGI Friday, built in 1983. Dahlstrom 4901 Broadway, LLC (Terry Dahlstrom) of Tucson recently purchased the property for $1.06 million ($136 PSF) and leased it to Guadalajara Grill.

One of Tucson’s favorite Mexican food restaurants since 2002, the Guadalajara Fiesta Grill at 750 N Kolb, at Speedway & Kolb, stood out in the city full of many fine Mexican restaurants and was always found on the local lists for “Best Marguaritas”. This past August, it sadly went up in flames, just two months after the Guadalajara Original Grill on Prince Road closed because of fire. The Guadalara Original Grill at 1220 E Prince reopened in November.

The only thing more Mexican than tequila is mariachi and it seems a shame to have one without the other; both will be back at the new Broadway location. With a newly updated food and beverage menu and the same traditional Mexican food preparation.

For more information see RED Comp #2338.

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Home Plate Sports Pub (Rick James) of Tucson has purchased the former Monkey Business location at 8579-8581 N Silverbell Road in Marana for $1.3 million ($118 PSF). Home Plate plans to occupy half of the 10,753-square-foot building, built in 2007, and lease the remaining 5,300-square-feet.

Established in 1972, Home Plate started at 4880 E 22^nd Street, near 22^nd and Craycroft in Tucson It’s known locally as the place to unwind after a hard day. A place to have a beer and watch a sports game, or meet friends and play a round of pool or darts. Beer, ball games and batting cages are this local gem’s specialty with a full bar, nine draft beers, 12 high-definition TVs, bowling, pool and darts makes it a slam dunk for Tucson pub-goers.

Home Plate’s menu for success will soon be repeated in the Northwest and include the variety of appetizers, salads, burgers, subs and sandwiches, pizza and dugout dogs in its new location, opening in June.

Greg Wexler of Wexler & Associates handled negotiations for the buyer with National Bank of Arizona, the seller.

For more information see RED Comp #2370.

To learn more Wexler can be reached at 520.744.8500. Talk to James at 520.743.7176 for leasing information.

Tucson, Ariz. – CBRE has completed the sale of the Hilton El Conquistador Golf & Tennis Resort and the El Conquistador Country Club located in Tucson, Ariz. We first reported this sale on December 23, 2014 however, new information has come to our attention. The asset is situated on two separate parcels totaling approximately 383-acres and 345,332-square-feet of improvements sold for $15 million.

The CBRE Hotels’ team who negotiated the transaction on behalf of the seller, New York City-based MetLife, consisted of Jerry Hawkins in Tucson, Ariz.; S. Douglas Henkel in Norfolk, Va.; Lewis C. Miller in Atlanta, Ga.; Andy Wimsatt in Washington, D.C. and Jeff Woolson in Carlsbad, Calif. The buyer was Tucson, Ariz.-based HSL Properties.

Hawkins noted, “CBRE Hotels was pleased to represent MetLife in the disposition of this resort. The property was purchased by a local owner, HSL, who will bring a unique perspective to the Tucson resort market.”

HSL Properties has announced plans for $16 million in rehabilitation and capital improvements on the hotel portion of the property. The rehab work is slated to take place over the next 12 to 18 months, with most of the work happening in the slower summer months. HSL has also started the process to split off the resort’s country club and 45-hole golf course. The town of Oro Valley will purchase those assets plans to turn the 31,475-square-foot club building into a community center and contract out the golf course operations. HSL hopes to finalize that sale by March 1.

Originally built as a Sheraton Resort in 1982, the property was Tucson’s first major resort with more than 250 rooms on the original 121-acre site. The property was repositioned to its present Hilton affiliation in 2003. Today the 432-room Resort and Country Club benefit from over 100,000 square feet of indoor and outdoor event space as well as a shared synergy as Tucson’s largest golf and tennis facility with 45 holes of premier golf and 31 hard-surface tennis courts, collectively. Additionally, the property includes approximately 18 acres of developable land on Oracle Road.

CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com.