The former John Jacob’s, El Parador Restaurant was sold by HSBC Bank to a local real-estate investment firm, Semro Family Investments (Don Semro) of Tucson, for $410,381 ($10.63 PSF), land value of the C-2 zoned, 38,406-square-foot lot at 2744 E. Broadway Blvd in Tucson.

Located at the southwest corner of Broadway and Treat Avenue, the 15,556-square-foot restaurant building, that was first started in 1956 and constructed in phases over the years, will be razed all or portion driven by user needs, as the lot is being marketed for redevelopment as a build-to-suit. The marque signage on Broadway will stay.

El Parador had been at this location since 1975, and will always be remembered for its tropical gardens and Mexican cuisine. Honored as one of ‘Tucson’s Treasures’ by Arizona Highways in 2010 that said, “no other place exemplified the warmth of Tucson like El Parador… it’s floor to ceiling plants adorned with twinkle lights and beautiful 65 year old flagstone floors welcomed you each time you entered.” The restaurant closed its doors after 40 years in July 2013.

Ron Zimmerman and Greg Furrier of Cushman & Wakefield | Picor handled the sale of the property.

Tyler Chester and John Schweikert of Phoenix Commercial Advisors will be marketing the lot for Semro.

To learn more Zimmerman and Furrier should be reached at 520.748.7100 and Chester and Schweikert can be contacted at 602.957.9800

Tin Cup Properties, Kenneth Burke and Orvieto Investments bought four Tucson industrial properties that totaled $2.06 million, all closed Q4, 2014.

Tin Cup Properties, LLC (John Lashley) of Tucson purchased the industrial property at 1624 S Euclid Ave in Tucson from Susan J Ollweiler and Linda Marie Ronstadt, as Co-Trustees of the Normal Trust, for $350,000 ($43.75 PSF). The two 4,000-square-foot buildings (built 1955 and 1960) are located on a 1.8 acre fenced yard will be owner occupied by the buyer.

Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | Picor represented the buyer. Chuck Blacher of Tucson Realty & Trust Co. represented the seller in the transaction.

Tin Cup Properties, LLC of Tucson also bought a 7,676-square-feet industrial property at 4320 E. Illinois Street in Tucson for $500,000 ($65 PF). The building (built 2002) which is situated on 1.2 acres and was purchased as an investment sale for lease.

Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | Picor represented the buyer and will be leasing the property for Tin Cup and the seller, Gould Family Properties VIII, LLC (Wayne Gould) of Tucson in the transaction.

Kenneth Burke of Tucson traded into a 4,947-square-foot industrial building located at 4100-4110 S Longfellow Ave in Tucson from MNS Investment Ventures, LLC for $320,000 ($64.69 PSF). The industrial property (built 1990) is on .82 acres and was purchased for investment in a 1031 exchange.

Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | Picor represented the buyer and will be leasing the property. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | Picor represented the seller in this transaction.

Orvieto Investments, LLC (Janise Blanco & Scott Wilson, members) of Boise, ID bought an industrial property at 3911 N Highway Drive in Tucson for $887,500 ($82.48 PSF). The 10,760-square-foot building was leased to Jacobs Field Services when it sold for investment.

Bob Kaplan with Marcus & Millichap in Denver represented the investor in the transaction. Pat Welchert, SIOR, and Rob Glaser, SIOR, CCIM, Industrial Specialists with Cushman & Wakefield | Picor represented the seller, Highway Drive, LLC an affiliate of Diamond Ventures Opportunity Fund Manager (Bill Kelley, manager) of Tucson.

To learn more Zimmerman should be contacted at 520.546.2755, Rodgers is at 520.546.2714, while Welchert can be reached at 520.546.2748 and Glaser at 520.546.2707, all with Cushman & Wakefield \ Picor. Blacher with Tucson Realty & Trust can be reached at 520.577.7000 and Kaplan with Marcus & Millichap can be contacted at 520.271.2304.

Redyns Development (Harold Snyder, manager) of Tucson purchased the 11,036-square-foot medical building at 1620 W St. Mary’s Road in Tucson. The building sold with a leased fee interest in the land owned by Carondelet for $2.9 million ($262.78 PSF). The seller was St. Mary’s Silverbell Building, LLC (Mike Wattis, manager) also of Tucson.

The building sold with Arizona Oncology as tenant. Arizona Oncology, a practice in The US Oncology Network, recently announced that its clinic in northwest Tucson has been recognized by the Quality Oncology Practice Initiative (QOPI®) Certification Program, an affiliate of the American Society of Clinical Oncology (ASCO). The QOPI® Certification Program provides a three-year certification for outpatient hematology-oncology practices that meet the highest standards for quality cancer care. In addition to the clinic located on Rudasill Road in Tucson, other Arizona Oncology clinics currently pursuing QOPI certification include the Biltmore Cancer Center in Phoenix and the Saguaro Cancer Center in Glendale.

“This is a great honor to be among the elite few in Arizona to receive this prestigious certification from ASCO and QOPI. The certification underscores our commitment to provide the best care possible to our patients,” said Rachel Swart, MD, hematologist and medical oncologist at the northwest clinic in Tucson.

“Cancer patients and their families should expect nothing less than accountability and the highest standards from their cancer care providers,” said Allen S. Lichter, MD, CEO of ASCO and President of the QOPI Certification Program. “QOPI participation reflects a commitment to quality of care that leads to fundamental changes in the clinical practice of oncology. Oncology practices that commit to quality and safety are those that provide the most optimal cancer care. The Certification Program helps practices determine whether they are providing the best treatment and care possible to their patients, and demonstrates a commitment to excellence and ongoing quality improvement in the hematology-oncology outpatient practice.”

The QOPI Certification Program (QCP) was launched in January 2010. Oncologists can achieve certification by demonstrating practice consistent with the highest standards of care.

To learn more about Arizona Oncology and the QOPI Certification, visit www.ArizonaOncology.com or call 1.855.784.HOPE (4673).

Stephen Cohen and Russ Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | Picor of Tucson represented the buyer and Mike Sandahl, Wyatt Campbell and Buzz Isaacson of CBRE of Tucson represented the seller.

To learn more Cohen can be reached at 520.546.2750 and Hall should be called at 520.546.2747. Sandahl should be reached at 520.323.5115, Isaacson can be contacted at 520.323.5151 and Campbell is at 520.323.5173.