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 the privately-owned company.

The 160,905-square-foot building on 12.89 acres was built in 1999 at the Airport Commerce Center.

Headquartered in Tucson Arizona, and operating in several facilities across the U.S., Universal Avionics is a developer and manufacturer of commercial avionics systems for the retrofit and forward-fit market, for a wide range of fixed and rotary aircraft types. Universal Avionics’ solutions include Flight Management Systems (FMS), displays, communication systems, complete cockpit solutions and additional advanced commercial avionics systems, which are complementary to Elbit Systems’ internationally successful commercial avionics systems, Enhanced Flight Vision Systems (EFVS) and Head-Up Display (HUD) product line

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

As a wholly-owned subsidiary of Elbit Systems, Universal Avionics will lead commercial sales in North America for Elbit Systems’ Aerospace Division’s Commercial Aviation Business Line and enable the Company to offer a broad portfolio of advanced end-to-end cockpit solutions for commercial OEMs and After-Market customers.

“Combining our product offering with Elbit Systems’ strengthens our position in the market,” said Paul DeHerrera, UA Chief Executive Officer. “Our vision is to be the premier cockpit avionics supplier for the commercial aviation market, providing a fully-integrated ‘heads-up’ and ‘heads-down’ experience for pilots by combining Elbit’s commercial HUD (Head-up Display) technology with UA’s FMS and display systems,” he added. “Our complete solution will support forward-fit and retrofit aircraft including fixed-wing and helicopters.”

Elbit Systems’ acquisition of UA brings forward an innovative opportunity to the market that until now, hadn’t existed. The marketplace can expect new commercial avionics technology offerings as two product lines combine to create some of the most forward-thinking technology in cockpit avionics.

Following the acquisition, Universal Avionics’ business will continue to operate, with the same management and workforce and under the same name, as a wholly-owned U.S. subsidiary of Elbit Systems.

No brokers were involved in the transaction.

To learn more, see RED 5714.

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 name and recipes – that had been baking up delicious vegan donuts since 1935 before its closing in 2015. The Pershings plan to re-open the 80-year old iconic bakery in this new location in the next 90 days.

Le Cave’s was practically a Tucson landmark for generations, serving up Mexican pastries, cakes and donuts that fans swore were the best in Tucson if not the country. It was award winning, being named in the top 6 vegan donuts in the U.S. by PETA in 2014.

The Pershings grew up in Tucson. Naomi Pershing earned a degree in nutrition from the University of Arizona and operated a chocolate shop in Seattle for 12 years while she and her software engineer husband lived in Washington state.

They had been looking for a business venture since resettling in Tucson two years ago. Both had grown up with Le Cave’s doughnuts so when they saw the “for sale” sign, they moved on it quickly to buy the name and recipes, without the original building at 1219 S 6th Avenue.

Pershing will run the bakery with the help of one of Le Cave’s chief bakers as well as her brother-in-law Charlie Salgado, whose great uncle Ray Salgado worked for Le Cave’s in the 1970s.

Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

Furrier may have just found the perfect location for the iconic vegan donut shop, a heavy trafficked intersection near other fast foods such as Taco Bell, Denny’s and Carl’s Jr. and diagonally across the street from a Tucson Police Department Substation.

For more information, Furrier should be reached at 520.546.2735.

To learn more, see RED Comp #5817.

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 and Silverbell Roads.

O’Reilly Auto Parts was founded in 1957 in Springfield Missouri and currently has over 5,000 stores in 47 States and 22 stores in metro Tucson.

Craig Finfrock, CCIM, of Commercial Retail Advisors, LLC represented the seller, Shoppes at Continental Ranch, LLC and Debbie Heslop, CCIM, of Volk Company represented the buyer, O’Reilly Auto Enterprises, LLC.

For more information, Finfrock can be reached at 520.290.3200 while Heslop should be contacted at 520.326.3200.

To learn more, see RED Comp #5875.