Sunday, June 24, 2018

Fort Lowell Realty & Property Management Exercises Option on Tucson Building

TUCSON, ARIZONA -- Fort Lowell Realty & Property Management, Inc. (James Collopy, director) purchased an office building located at 2026 E. Prince Rd. in Tucson, from Prince Road Professional Plaza, LLC (Ione Jitare, member) for $432,099 ($130 PSF) Tucson-based Fort Lowell Realty & Property Management was a tenant for two-years...

The Trinity Mixed-Use Project Ready To Begin Construction this Fall

TUCSON, ARIZONA – A joint venture between R+R Development, LLC (Randi Dorman and Rob Paulus, members) and Bourn Properties, LLC (Don Bourn, manager), Trinity Project Investors LLC, closed on the first takedown from Trinity Presbyterian Church of Tucson for $700,000 ($21 PSF). The 33,198-square-foot lot is located along University...

ESL Completes Acquisition of Universal Avionics HQ in Tucson for $21.3...

TUCSON, Arizona -- Universal Avionics Systems Corporation (“UA”) completed its acquisition by Elbit Systems Ltd. (NASDAQ and TASE: ESLT) with the $21.3 million (133 PSF) sale of its headquarters at 3260 E Universal Way in Tucson. As part of the $120 million acquisition of the assets and operations of...

Iconic Donut Shop, Le Cave Opening Across from Police Substation

TUCSON, ARIZONA -- Empty Box, LLC purchased a 2,515-square-foot former Jack in the Box, located southeast of Alvernon Way at 3950 E. 22nd St. in Tucson from an affiliate of 4-D Properties, 3950 E. 22nd Street, LLC for $637,500 ($253 PSF). Naomi and Chris Pershing purchased the Le Cave’s Bakery...

O’Reilly Auto Parts Coming to Shoppes at Continental Ranch in Marana

Marana, Arizona -- O’Reilly Auto Enterprises, LLC, dba O’Reilly Auto Parts, purchased a 44,431-square-foot PAD located at 9090 N. Silverbell Road, Marana, AZ for $650,000 ($14.63 PSF). The PAD is in the Safeway anchored shopping center known as Shoppes at Continental Ranch at the southeast corner of Twin Peaks...

South Dodge Business Center in Tucson Fetches $6.5 Million

Tucson, Arizona -- Presson Corporation of Phoenix (Daryl Burton, manager) purchased nine buildings totaling 124,863-square-feet at 3601, 3621, 3631, 3641-3681 E. 44th St. and 3200, 3210, 3220, 3230, 3250, 3300, 3320 S. Dodge Blvd.  in Tucson for $6,491,160 ($52 PSF). The South Dodge Business Center is located near Butterfield Industrial...

International Towers Inc. Sells HQ in $4 Million Sale Leaseback

Marana, Arizona – Two affiliates of Tucson- based, International Towers, Inc. (ITI), ITI Building, LLC and Marana Technology Campus, LLC sold the building it occupies at 8061 West Tangerine Road in Marana for $4 million ($204 PSF) in a sale leaseback transaction.  The buyer is a local investor, I...

El Paso Investor Buys Industrial Building in Tucson for $1.085 Million

TUCSON, ARIZONA -- Anson Arbor, LLC purchased a 10,760-square-foot industrial building located at 4030 N. Highway Dr. in Tucson, from Orvieto Investments, LLC for $1,085,000 ($100 PSF) in an investment sale. The property is northeast of Prince off I-10 and leased to Team Fishel, a national provider of utility engineering,...

Micro-Hospital Site Sells in Marana at Cortaro Ranch

MARANA, ARIZONA – Cortaro Commercial JV, LLC sold 3.86-acres at 5600 West Cortaro Farms Road in Cortaro Ranch, off I-10, for $966,650 (5.75 PSF) in Marana. The buyer is Marana Micro-Hospital, LLC, an affiliate of Beaumont Surgical Hospital Partners of The Woodlands, TX plan to construct a 40,000-square-foot micro-hospital...

Two NNN Investment Sales in Tucson Sell at an aggregate of...

TUCSON, ARIZONA – Chuy’s Mesquite Broiler at 7101 East 22nd Street in Tucson sold for $1.19 million ($474 PSF) in an absolute triple net investment sale to a Family Trust in Fort Bragg, California. The fee simple interest in the 2,510-square-foot restaurant on a 21,384-square-foot lot sold 100% leased to...

C&W Picor closes on two Apartment Complexes for $2.79 Million

TUCSON, ARIZONA -- The multifamily team of Allan Mendelsberg and Daniel Leibsohn at Cushman & Wakefield | Picor in Tucson closed on several apartment complexes with and aggregate of $2.79 million and 50-units. La Promesa Homes, LLC purchased La Promesa Apartments, a 40 unit complex located at 2485 N. Alvernon...

Circle K Closes on Five CST Corner Stores for $5.16 Million

TUCSON, ARIZONA -- The Canadian parent company of Circle K, Couche-Tard, that owns San Antonio-based Corner Stores brand of convenience stores, closed on five Tucson locations last week for $5.16 million in a bulk sale, or an average sales price of $1,092,475. If your Corner Store hasn’t rebranded yet, it...
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