Orange Grove Medical Center, a 40,782 total square foot multi-tenant office building, sold for $3 million ($73.56 PSF). The property is located on the southeast corner of Orange Grove Road and La Cholla Boulevard in Tucson. Constructed in 1988, the medical center sits on fee ground at the Northwest Medical Center Campus and was approximately 51% occupied at close of escrow.

The property was sold by a $2.5 billion publicly traded healthcare REIT, HR Acquisition | Corporation, a subsidiary of Healthcare Realty Trust, Inc. Principals Scott Douglass and William Metzler with SOD Brookside LLC, WRM Brookside LLC, and PVP Investments LLC/West Coast Capital Partners purchased the property. West Coast Capital Partners (WCCP) is a privately held commercial real estate investment firm founded in 1993. They have offices in Los Angeles, CA and Scottsdale, AZ. WCCP has acquired, repositioned and disposed of over $1 billion in commercial assets in Southern California, and the Phoenix, Tucson and Las Vegas Metro Areas.

Braxton Glass, Vice President at ORION Investment Real Estate, negotiated the transaction. Glass stated, “The Orange Grove Medical Center acquisition aligns ideally with West Coast Capital’s core strength of repositioning underperforming office and medical office assets. It also represents the firm’s third acquisition at the Northwest Medical Center Campus. The firm acquired Desert Life Medical Plaza and La Cholla Medical Center in 2004 and 2005 respectively, and then completed the successful disposition of both assets to Healthcare Trust of America in 2007 upon stabilization.”

To learn more see RED Comp #3300.

McCraren Compliance (Michael McCraren, member) purchased a 15,186-square-foot industrial building at 3980 E Columbia for $730,000 ($48 PSF). Purchased for business expansion, the company will be relocating from its current location in Tucson that it leased.

The company specializes in safety training and consulting for the mining and transportation industries. It offers regular MSHA new miner training in Henderson, Nevada, Tucson and Phoenix, Arizona as well as onsite training. Other services offered are: Part 48 MSHA annual refreshers, HAZMAT training, DOT monthly compliance services, flagger and defensive driver training. Site assesments, planning and consulting for your safety and/or MSHA plan services.

Located in Alvernon Rail Center, the building (built 1990) is of concrete masonry construction and features a 4,300-square-foot two-story office on a 1.15 acre paved fenced lot. It has 17 foot clearance height, two grade level doors, and 3-phase power.

The seller had occupied the property previously for a family business.

Dave Gallaher, CCIM, with Tucson Industrial Realty represented the seller, MMH Holdings, LLC of Tucson. Pat Welchert, SIORm with Cushman & Wakefield | Picor represented the buyer.

For more information Gallaher can be contacted at 520.294.1610 and Welchert is reachable at 520.546.2748.

To learn more see RED Comp #3301.

PHOENIX, AZ – Ace Vending, a full line vending service operator recently purchased two industrial buildings, one in Gilbert and another in Tucson. The company is privately owned and provides full service coffee, fresh food, snacks and beverage vending throughout the entire United States.

Ace Vending was founded in 1998 by Kevin Van Hazel, Wade Stooks and Chuck Walton. The three partners grew up together in Casa Grande Arizona and have been lifelong best friends. Ace Vending started in a garage in Phoenix Arizona with one vending machine, a pick-up truck and three strong backs. It has since grown into a nationwide company with thousands of accounts. Kevin, Wade, and Chuck still own 100% of the company and are proud to provide employment to many families in Arizona and across this great nation. Ace Vending is a great example of the American entrepreneurial spirit. Through hard work, integrity and innovation Ace Vending has become the best choice in Vending and continues to grow and prosper.

Cushman & Wakefield, announced that Ace Vending had purchased an industrial building at 335 S. Hamilton Court in Gilbert, AZ, for $3.6 million ($87 PSF). Last month the company also acquired a warehouse building at 1365 East Warehouse Avenue in Tucson, AZ for $225,000 ($38 PSF).

Andy Markham, SIOR, Mike Haenel, Will Strong and Phil Haenel of Cushman & Wakefield represented Ace Vending in the acquisition of the Gilbert property. Steve Larsen of Jones Lang LaSalle represented the seller, Arizona-based Bell Holdings BB, LLC.

“Ace Vending required a building that would accommodate its expansion and growing lines of business,” Markham said. “This particular facility provided modern distribution features and room for future expansion, as well as desirable outside storage capacity.”

The 41,490-square-foot building will be fully occupied by Ace Vending. The company will take occupancy of the property in stages during the fourth quarter of 2015.

The 6,000-square-foot warehouse steel building in Tucson will also be fully occupied by the company for warehouse space. Gary Emerson with GRE Partners represented the seller, an LLC formed by Walter Hoge, in the transaction and Chuck Corriere and Jessia Rubin with Keller Williams in Tucson represented Ace Vending.