TUCSON, Arizona – BodyCentral Physical Therapy (Jennifer L Allen) purchased two office condominium spaces at 1640 East River Road in Mesquite Corporate Center in Tucson for $801,528 ($168 PSF).

The total 4,771-square-feet in this class A complex was built in 2001 and 1,361-square-feet was leased to Bon Voyage Travel when it sold. BodyCentral will occupy the remaining 3,410-square-feet for Body Central Physical Therapy Sports and Wellness Center.

Founded in 2001 and locally owned, BodyCentral Physical Therapy has grown rapidly. This will be its seventh clinic in Tucson providing treatment for all musculoskeletal problems. They also have special programs and lecture series on health and wellness, fit for surgery programs, pregnancy wellness, and osteoporosis prevention to name a few.

Janine Clayton Irvin, CCIM, and Mark Irvin, CCIM, of Mark Irvin Commercial Real Estate Services in Tucson represented the seller, Charles Pitts, and Aaron LaPrise of Cushman & Wakefield | Picor in Tucson represented the buyer.

For more information, Janine and Mark Irvin should be reached at 520.620.1833 and LaPrise should be contacted at 520.546.2770.

To learn more see RED Comp #4968  or visit RED Listing Registry for more properties such as this still available.

TUCSON, Arizona – A joint venture between two Swiss real estate companies, Stoneweg US LLC and Varia US Southwest LLC, bought the Zona Village Apartments at 2855 W Anklam Road in Tucson for $10.05 million ($54,918 per unit) from SFF Investments, Ltd. of Colorado.

The 183-unit apartment complex was built in 1969 and consists of 24 one-, two- and three-story, garden-style buildings, totaling approximately 98,366-square-feet of rentable space on 5.72 acres, located southwest of Anklam and Silverbell Roads.

The property features one-and two-bedroom units in six individual floor plans averaging approximately 538-square-feet and sold with 98% occupancy.

Unit amenities include air conditioning, a disposal, and frost-free refrigerator. Select units have ceiling fans, a dishwasher, backsplash in the kitchen, faux-wood flooring, walk-in closets, mini-blinds, vertical blinds, and storage.

Community amenities include swimming pool, basketball court, three laundry facilities, and Ramada with barbeque grills.

Zona Village is nestled in the Tucson Mountains with much of the open land surrounding it  federally protected as Tucson Mountain Park yet within minutes of Tucson Central Business District, the UofA, Pima Community College and large medical facilities and hospitals.

In a second transaction, Juniper Canyon Apartments at 3055 N Flowing Wells Road in Tucson sold for $6.23 million ($44,170 per unit) to Bozeman, Montana investors.

The 141-unit apartment complex was built in 1985 on 3.8 acres and is located at the northwest corner of Flowing Wells and Miracle Mile Roads in the Central submarket of Tucson. The seller, Tucson Equity Partners of La Jolla California had purchased the property in 2015 in a distress sale and did extensive renovations to it.

The property consists of 141-units: (41) 1/1 404 SF rent for $410, (68) 1/1 580 SF rent for $460, and (32) 2/2 725 SF rent for $590. The property was 98% occupied at time of sale.

Amenities include air conditioning, cable TV available, disability access, dishwasher, pet – friendly, some paid utilities, walk-in closets, a clubhouse, emergency maintenance, fitness center, laundry facility, public transportation, swimming pool and hot tub/spa.

Art and Clint Wadlund of Berkadia’s Tucson office represented the sellers in both transactions.

For more information, Art Wadlund can be reached at 520.299.7200 and Clint Wadlund should be called at 520.615.1100.

To learn more, see RED Comp #4980 and #4974.

TUCSON, Arizona — A Denver investor, LeMonds Holding (Dale LeMonds, manager) purchased the venerable Willard Hotel – Office Building at the corner of Twelfth Street and Sixth Avenue, 145 S 6^th Avenue in Tucson, for $1.9 million ($158 PSF).

Designed by architect Henry Trost, the Willard Hotel opened its doors in 1903. From the arched porch and balcony, winter visitors could observe the busy 6th Avenue streetscape while basking in the sun or relaxing in the shade.

According to the Tombstone Epitaph, dated March 23, 1902, Alex Casey contracted to McMillen and Southworth to construct the 30-room Willard Hotel for $15,750. The construction was pushed to be done rapidly, and in order to complete by summer 1903 pressed brick was used instead of the original proposed design for plain brick plastered. It goes on to say Mr. Casey even traveled all the way to Los Angeles to purchase a fountain to be installed on the courtyard patio, and planned to spend an additional $1,500 to $2,000 on improving the grounds around and in front of the hotel.

Casey then “leased” the building out to Willard Wright and Charles Fleming who in turn used the name “Willard Hotel”.

It was one of many hotels constructed at the time to meet the needs of Tucson’s growing tourist industry. The Willard Hotel continued to serve the needs of travelling guests until WWII when more than half its rooms were converted into apartments. During this renovation, the ornate Mission-style parapets were removed in an attempt to streamline and modernize the hotel’s exterior.

Today the former hotel is home to several law firms and other offices.

Willard Partners’ (Michael Piccarreta, manager) was the seller, that renovated the building into the current law offices of Piccarreta Davis Keenan Fidel as a labor of love that began in the fall of 1991 and completed in the spring of 1993.

The building received a “Letter of Recognition” from the Historical Commission for the City of Tucson in 1994.  And in 1995, the building received the Governor’s Award for historic preservation.

The landmark iconic sign was manufactured in two phases with “Pueblo Hotel and Apartments” initially. The swimming pool text, and lady diver were added in 1955 when the swimming pool was installed. The diving beauty has been poised on her diving board for all these decades. Both sections were designed and fabricated by the Acme Neon Company, active in Tucson from 1929 through 1966.

In 2012, the building sign received a Historic Landmark Sign designation from the City of Tucson when the whimsical sign was restored by Cook & Co. Signmakers.

Buzz Isaacson of CBRE in Tucson handled the sale transaction and can be reached at 520.323.5151, for more information.

To learn more, see RED Comp #4970 and RED Listing Registry for more properties available.

Additional information on the fascinating history of this building, complete with gun fights and other drama, can be found here