ORO VALLEY, AZ (April 25, 2025) – InvenTrust Property Corp., a real estate investment trust based in Downers Grove, Illinois, has acquired Plaza Escondida, a 91,121-square-foot community shopping center in Oro Valley, for $23 million ($252 per square foot). The seller was Roseville Tucson, based in Newport Beach, California.

Strategically located at 7850–7972 N. Oracle Road, Plaza Escondida sits at the signalized intersection of Oracle and Magee Roads, one of Oro Valley’s busiest corridors. The center is anchored by a top-performing Trader Joe’s—ranked third in sales statewide— and features a diverse mix of national and local tenants, including Marshalls, AutoZone, Ace Hardware, Sally Beauty Supply, Nationwide Vision, Club Pilates, My Gym, Village Bakehouse, Noodleholics, and CampaignBreeze.

At the time of sale, the center was approximately 99% leased, with only 900 square feet of space available. According to Placer.ai, Plaza Escondida draws 146,200 visits per month, with an average of 92.6 visitors, underscoring its strength as a high-traffic, community-driven retail destination.

This acquisition supports InvenTrust’s investment strategy, focusing on grocery-anchored and essential retail properties in growth-oriented markets, particularly across the Sun Belt. As of December 31, 2023, InvenTrust owned interests in 62 properties totaling 10.3 million square feet. Other Arizona holdings include Scottsdale North Marketplace and The Plant in Chandler.

InvenTrust was originally launched in 2005 as Inland American Real Estate Trust and has since grown into a leading REIT in the essential retail space.

For leasing inquiries, contact: Theresa Barringer at InvenTrust – (469) 801-9228 or Mark Vondrak at (281) 652-5456

To learn more about this sale, subscribers should refer to RED Comp #11834.

TUCSON, AZ (April 25, 2025) — Brenna Lacey of VOLK Company represented the sellers—Bristol Properties, LLC, the Rich Family Trust, and the Thomas Family 2017 Revocable Trust—in the $1,452,500 ($245. PSF) sale of a high-exposure commercial property located near the intersection of Interstate 10 and Irvington Road in Tucson, Arizona, at 3700 E Irvington Road.

The asset sale closed on April 11, 2025.

The property includes an approximately 5,900-square-foot freestanding building on a generous ±59,000-square-foot parcel. Formerly occupied by a Denny’s restaurant, the site benefits from excellent freeway visibility, easy access to I-10, and strong surrounding commercial traffic.

The buyer, VM Energy Tucson, LLC, was represented by Azam Qayum of Realty One Group, Arizona. The new ownership plans to repurpose the space for a new use, with potential for retail, fuel, or restaurant redevelopment given the site’s size, location, and flexible zoning.

This transaction underscores ongoing investor interest in freeway-adjacent properties in Tucson’s southside submarket, where proximity to major transportation corridors continues to drive commercial demand.

For additional information, Lacey can be reached at 520.326.3200, and Qayum is at 480.280.1570.

To learn more, subscribers should refer to RED COMP #11853.

1570 E Tucson Marketplace Boulevard, Tucson, AZ

TUCSON, ARIZONA (April 23, 2025) – Tempe-based, R&P Properties, LLC has completed the sale of a fully leased, multi-tenant retail center located at 1570 E Tucson Marketplace Boulevard for $4,228,817.80 ($461. PSF). The 9,175-square-foot strip center sits on a 64,076-square-foot parcel (1.47 acres) with five tenants. The property is part of the Bridges Master Plan, one of Tucson’s premier mixed-use developments.

Tenants include: NextCare Urgent Care: A walk-in medical clinic providing injury treatment, physicals, pediatrics, X-rays, lab services, STD testing, immunizations, and occupational health services. ​AT&T Authorized Retailer: A store offering wireless plans, the latest smartphones, accessories, and other telecommunications services; and Kahu Hawaiian BBQ: A restaurant bringing Hawaiian BBQ cuisine from Phoenix to Tucson, marking their second location. ​

The buyers, Conteslin LLC and Shops H LLC of Bellingham, WA, acquired the asset in a strategic investment move that positions them to benefit from ongoing growth in the area — including the highly anticipated 100,000-square-foot Bass Pro Shops Mega Store, currently under construction across the property.

The transaction was brokered by Jeramy Price, Joey Castillo, and Andreas Castillo of VOLK Company, who represented the seller. Joey Castillo also represented R&P in its 2021 property acquisition and has been its leasing agent since then. His team will continue leasing efforts under the new ownership.

The property was 100% leased at the time of sale, offering the buyers immediate, stabilized cash flow and long-term upside potential. Its high-traffic location near Costco, Walmart, Planet Fitness, and the University of Arizona Tech Park enhances its desirability for retailers and investors.

This sale underscores ongoing investor interest in quality retail assets within well-located, growth-oriented Tucson submarkets.

For more information, Price can be reached at 520.441.4721, Joey Castillo at 520.495.2234, and Andreas Castillo at 520.495.3220.

To learn more, subscribers should refer to RED Comp #11840.