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 Park, I-10 and Tucson International Airport and was approximately 68% occupied when it sold. It is also located less than 8-miles away from the future Amazon Fulfillment Center at Century Park Research Center that pulled building permits last month for the approximately 1.2 million-square-feet of warehouse and office space being developed by Seefried Industrial Properties.

Obviously, local suppliers will benefit from the Amazon facility in terms of lower shipping costs, avoidance of tariffs and duties and improved profit margin. Additionally, Amazon stands to benefit from the many products unique to southern Arizona, which have a worldwide appeal.

Amazon currently employs more than 7,000 in Arizona; new Tucson facility will employ more than 1,500 associates. Between 2011 and 2016, Amazon’s investments in Arizona contributed more than $900 million to the state’s economy, indirectly creating 18,000 additional jobs on top of the 7,000 the company employs directly.

According to the press release, Pima County and Sun Corridor Inc. played an active role in bringing the Amazon project to Tucson.

“Southern Arizona continues to attract industry leaders like Amazon seeking the ideal location for their next phase of growth,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “Amazon’s continued expansion throughout Arizona with this new operation in Tucson speaks to the company’s confidence in our state as an excellent place to do business.”

Rob Glaser, SIOR, CCIM Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer; Jonathan Jump with Jump Ventures, represented the seller, DFI Investments, LLC (Michael Danziger, member).

Glaser has the leasing contract for the property. For more information, Glaser should be reached at 520.546.2707 and Jump is at 520.733.0007.

To learn more, see RED Comp #5812.

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.