Hamilton Zanze, a private San Francisco-based real estate investment company purchased the CentrePoint Apartments at 3220 W Ina Road in Tucson for $33.6 million ($105,000 per unit).

The 270,650-square-foot garden-style community in 21 buildings and 3,725-square-foot clubhouse were constructed in 1995, on 17.8 acres in the northwest submarket of Tucson. A total of 320-units consists of 46% one-bedrooms, 45% two-bedrooms and 9% three-bedroom-units had a 96% occupancy at time of sale.

CentrePoint Apartments offers two resort-style swimming pools, fitness center, clubhouse, outdoor grill and BBQ areas. Interior apartment amenities include full-sized washer and dryer, fully-equipped kitchens, fireplace, abundant closet space, and, in select apartment home, upgraded features include stainless steel appliances.

Located in Northwest Tucson, the community is bordered by River Road to the south, I-10 to the west, Oracle Road to the east, and portions of Oro Valley and Marana to the north. Near the Northwest Medical Center, The Oracle Road Commercial Corridor, and convenient for shopping at the Foothills Mall, Tucson Mall or Ina, Orange Grove, Thornydale retail plazas, or the new Premium Outlets in Marana. The community is only a few minutes away from Omni Tucson National Golf Resort, Arthur Pack municipal golf course, the NW YMCA, and has direct access to Linear Park.

The seller was Independence Realty Trust, an apartment REIT based in Philadelphia, PA that bought the property in December 2011 for $29.5 million with an occupancy of 91%.

Michael Sandahl and Martin Encinas with CBRE in Tucson represented the seller and the buyer was self-represented in the transaction.

Sandahl and Encinas can be reached at 520.323.5100 for more information.

To learn more, see RED Comp #3532.

An affiliate of Los Angeles-based, Decurion Corp. (Michael Forman, CEO) bought the Tucson West office building at 333 East Wetmore Road in Tucson for $26.5 million ($186 PSF). The seller was WCCP Tucson West, LLC, an affiliate of West Coast Capital Partners (William Metzler, manager) with offices in Scottsdale and Torrance, CA.

The seller, WCCP, purchased the 142,148-square-foot Class A building in April 2013 for $16.4 million in a value-add transaction when the property was 80% leased and sold it 96% leased.

The 5-story building has been ENERGY STAR certified since 2010 with an energy performance score of 93. Following new adjustments through ENERGY STAR in 2011, the property has a performance score of 84, saving the building’s owners an estimated $20,000 in annual energy costs.

New tenants in the building are Tucson Orthopedic Institute that consolidated into the new TMC wing into an 11,400-square-feet office space used for its administrative office. Tucson Orthopedic Institute has three locations in the Tucson metro area. Mark Irvin with Mark Irvin Commercial Real Estate Services represented the tenant. Phil Skillings with NAI Horizon represented itself, the landlord.

Cenpatico of Arizona, Inc. also subleased 52,008-square-feet (the fifth and sixth floors) from Jacobs Engineering Group, Inc. Rick Kleiner, MBA, Stephen D. Cohen, and Russell W. Hall, SIOR, GSCS, with Cushman & Wakefield | PICOR and Eric Olofson with Cushman & Wakefield of California, represented Jacobs. Dean Cotlow with Cotlow Company, represented Cenpatico.

And several smaller leases and subleases went to Cross Country Mortgage, Brown & Caldwell and Crown West Realty.

This was the second highest office transaction in the Tucson market for 2015, surpassed only by the One South Church Street 22-story tower that sold for $32 million in October, followed by the Coventry Health Care Building at 3535 E Valencia that sold for $21.6 million in July.

Phil Skillings with NAI Horizon in Tucson, a partner in the selling entity, will continue on as leasing agent at Tucson West for the new owner.

Skillings can be reached at 520.326.2200 for more information.

To learn more about these transactions, see RED Comps #3507, #3146 and #3319.

CHK & Sons, LLC of Fremont, CA purchased the newly constructed Native Grill & Wings at the Tucson Spectrum, 5421 S Calle Santa Cruz in Tucson for $3.47 million ($619 PSF). The 5,615-square-foot restaurant on 1.45 acres sold fully leased in a triple net lease as an investment. HH-NNY TUC 1 had purchased the retail pad for the build-to-suit in November a year ago.

Jamie Medress, Mark Ruble and Chris Lind of Marcus & Millichap in Phoenix handled the transaction and should be reached at 602.687.6700 for additional information. To learn more, see RED Comp #3487.

A ground lease for the Chase Bank at 15960 S Rancho Sahuarita Blvd in Sahuarita, AZ sold to California investors, The Jancso Trust, for $2.95 million ($84 PSF). At time of sale there was an existing ground lease with Chase Bank and 12.5 years remaining on the existing lease. The seller, Rancho Sahuarita Commercial Ventures, LLC of Tucson (Robert Sharpe, president) was represented by Jamie Medress, Mark Ruble and Chris Lind of Marcus & Millichap of Tucson.

Medress, Ruble and Lind can be reached at 602.687.6700 for additional information. To learn more, see RED COMP #3499.

Walgreens at 1900 South 6^th Avenue in Tucson sold in an investment sale to Morris Optimus Investments of Highwood, IL for $2.82 million ($209 PSF). The corner property is 13,500-square-feet and was built in 1994. The seller, TSC Tucson, LLC of Beverly Hills, CA was represented by Kennedy Wilson Properties also of Beverly Hills. Michael Puleo and Ryan Eddy handled the transaction.

For more information, Puleo can be reached at 310.749.6768 and Eddy can be contacted at 310.887.3418. To learn more, see RED COMP #3468.

BrakeMAX at 10529 N Oracle Road in Oro Valley was purchased by Suresh and Gita Patel of Gilbert, AZ for $1.8 million ($393 PSF). The 4,780-square-foot building was built in 1999 on a .73 acre outpad in Rooney Ranch Commerce Center. The seller, BrakeMAX #3 Rooney Ranch of Tucson (Raymond Pisciotta, manager) was represented by John Glass and Chris Doty of Marcus & Millichap in Phoenix.

Glass can be contacted at 415.625.2114 and Doty is reachable at 602.687.6700 for more information. To learn more, see RED Comp #3480.

Childtime Learning Center at 7090 N Thornydale Road in Marana sold to ADG Thornydale, LLC of Tucson (Marcel Dabdoub, manager) for $960,000 ($150 PSF). The 6,381-square-foot building on .76 acres was built in 1986. Childtime has a proven track record at this location and recently extended the lease by four years bringing the remaining lease term to approximately 5+ years. The recent extension further indicates the tenant’s success and commitment to the location.

Sanford Burstyn with Marcus & Millichap in Phoenix represented the seller, W.P. Carey Inc. of New York, NY. Burstyn can be reached at 602.687.6783 for additional information. To learn more, see RED Comp #3437.

Kent’s Tools & Industrial Supplies, LLC purchased a 4,940-square-foot retail building at 2737-2751 N. 1st Ave. in Tucson for $380,000 ($77 SF) from Charles H. Mitchell and Rebecca E. Mitchell.  Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. To learn more see RED Comp #3511.

Sarah Kats Irrevocable Trust purchased a 1,140-square-foot retail building at 1055 E. Irvington Rd. in Tucson from Stuart S. Carey and Kathryn A. Carrey, B&B Merritt Real Estate, LLC, for $170,000 ($149 PSF). Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. To learn more, see RED Comp #3500.