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 & J Flynn Investments Limited Partnership, LLP.

The 19,586-square-foot building siting on approximately 5-acres was built in 2017 and the sale included 5-acres of excess land for future expansion. International Towers (ITI) constructed the building as a built-to-suit and will continue to occupy it as a tenant in a triple net sale leaseback agreement with the buyer.

ITI is the tower Site designer and construction contractor supporting Elbit Systems of America, the prime Government contractor for the U.S. Customs and Border Protection’s (CBP) Integrated Fixed Tower (IFT) Program. The Elbit Systems of America team has achieved customer acceptance of the initial Nogales, Arizona Area of Responsibility (AoR) and has begun deploying the second IFT AoR in Douglas, Arizona.

ITI designed, manufactured, and installed the fixed tower infrastructure for the IFT tower surveillance solution. The delivery of the system was made possible through seamless and intensive collaboration with the Elbit Systems of America Team and CBP.  ITI President, Douglas J. Gratzer, acknowledges, “As a small business based in Tucson, Arizona, ITI is proud of the role we played in supporting Elbit Systems of America and U.S. Customs and Border Protection in successfully deploying the first IFT AoR in Nogales. This is a significant accomplishment.”

The IFT border security system is an integrated network of surveillance technology that is able to detect, identify, and classify items of interest (persons, vehicles, etc.) and allow CBP the ability to prioritize and determine resource allocations in order to respond to these detections.

Tom DeSollar with Arizona First Properties in Tucson represented the seller in the transaction and also handles the Marana Technology Campus with an additional 19-acres available for development. The campus is zoned heavy industrial with roads and infrastructure in place, including Marana water and fiber optics.

Ed Henne with Long Realty of Tucson represented the investor in the transaction.

For more information, DeSollar can be reached at 520.400.2732 and Henne should be contacted at 520.918.5989.

To learn more, see RED Comp #5894.

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, construction, and network installation services.  Serving the telecommunications, broadband cable, electric power, natural gas and low voltage technology industries for 80 years. Headquartered in Columbus, Ohio, Team Fishel has offices in 13 states and nearly 2,000 highly skilled employees throughout the United States.

The office at 4030 N Highway Drive in Tucson is among a total of nine in Arizona, mostly in the Phoenix metro area and one each in Casa Grande and Yuma.

The buyer is a well-known entrepreneur, real estate investor and broker out of El Paso, Texas.

Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller; Lane Gaddy with Stoneland Property Group, represented the buyer.

For more information, Cohen can be reached at 520.546.2750 and Hall can be contacted at 520.546.2747.

To learn more, see RED Comp #5769.

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 on the site.

Cortaro Ranch is approximately 20-acres, at the northeast of Cortaro Farms and I-10, currently with an IHOP (soon to be rebranded IHOB) at 8445 N Cerius Stravenue, as shown on the site plan. The micro-hospital will be located to the north of IHOP and a build-to-suit Dutch Bros Coffee with drive-thru under construction by the seller / developer, Thrift Thompson Retail Group (TTRG).

Cortaro Commercial JV is a joint venture between Caddis Bridge (Greg Anderson) of Tucson and TTRG, a Terra Haute, Indiana based company with an office in Phoenix (Chris Hake, Vice-President and Director of Southwest Region).

Chris Hake is leading the development and heads up the local operations in Phoenix. Hake has been with Thompson Thrift since 2007 and has been in the commercial real estate industry for over 10-years. Hake told us the company is also in negotiations with a national retailer for a 45,000-square-foot store at the northwest corner of the center, shown on the site plan.

Plans are to develop an additional medical / office building adjoining the 35,000-square-foot, 22-bed micro-hospital, including inpatient and emergency room beds, a planned hotel site and additional retail shop space at Cortaro Ranch. Serial Grillers recently announced a future restaurant here while still doing tenant improvements at the former Chuy’s in Rita Ranch at 7585 S. Houghton Road in Tucson.

This is the second micro-hospital in metro Tucson, the first was built as an Emergency Center at Houghton Town Center by Northwest Medical Center.

Starting in Colorado, Texas, Indiana, and other large- and medium-sized cities in the United States, micro-hospitals are licensed facilities that tailor their services to the populations they serve. Some offer an emergency department, pharmacy, lab, and imaging center. Others focus on primary care, nutrition services, gynecological and other women’s health services, and minor outpatient surgeries. Thanks to their smaller size and fewer services offered, micro-hospitals charge less than larger traditional hospitals, and like their larger counterparts, are open 24/7.

Brokers who represented the seller on the hospital closing are Chuck Wells with CBC Advisors of Phoenix, Brenna Lacey with Volk & Co. and Paul Serafin with De Rito. The buyer’s broker was David Montijo with CBRE in Tucson.

Wells can be reached at 602.884.8345, Lacey should be contacted at 520.326.3200 and Serafin is at 480.834.8500. To contact Montijo, call 520.323.5100.

To learn more, see RED Comp #5890.