Sunday, December 9, 2018

Burger King Coming to Interstate Commerce Park

TUCSON, ARIZONA – A new Burger King is planned at Interstate Commerce Park in Tucson. Phoenix- based, Laird Real Estate, LLC (Michael Laird) an affiliate of Laird Management purchased a 47,916-square-foot pad, approximately 1.1 acres, north of the northeast corner of I-10 and Rita Road for a built-to-suit restaurant...

Multi-tenant Office Building at 17 W Wetmore in Tucson sold for...

TUCSON, Arizona – The multi-tenant office building at 17 West Wetmore in Tucson sold for $1.25 million ($58 PSF). A 21,473-square-foot 3- story building, built in 1984, has a total of 19,409-square-feet leaseable with approximately 7,375-square-feet (38%) occupied at time of sale. The property was lender owned by Commercial Loan...

Local Investor Buys KFC on South Campbell Avenue, Tucson

TUCSON, Arizona -- Jeramy Price of Volk Company in Tucson represented Quananhdai, LLC of Tucson (Quan Le, member) in its purchase of the 2,650-square-foot building, built 1998, and 28,260-square-feet of land at 5010 South Campbell Avenue in Tucson. The property commanded a sale price of $650,000 ($245 PSF) fully leased...

City Acquires Grant Road Property – Time for Road Widening Update

Payday Auto Loan Building Sold at 3670 East Grant Road to City of Tucson for $420,000 TUCSON, Arizona – When we saw the sale of a property at the southeast corner of Chrysler and Grant Road we got a bit excited and thought it would be a good time for...

Amazon Pays $11.6M for Tucson Fulfillment Center Site

TUCSON, Arizona – Amazon recently paid $11.6 million ($145,926 per acre / $3.35 PSF) for its 79.5-acre site at  6701 S Kolb Road in Tucson within the 767-acre Century Park Research Center, an active inland port of Tucson in an active Foreign Trade Zone (FTZ) and an Arizona Enterprise...

Sahuarita Regional Library Construction Delayed to 2020 – Land Purchase Approved

SAHUARITA, Arizona -- With the unanimously approval by Pima County Board of Supervisors on June 19, the acquisition of 3.227 acres of land from Sahuarita Unified School District for $621,509 ($4.42 PSF) for the new Sahuarita Library can proceed. Purchasing this property allows the County to build the Sahuarita...

The Shops at Valencia Tucson has Two Sites Sell for $3.7...

United Development and Christifulli Companies Complete two site sales at The Shops at Valencia TUCSON, ARIZONA – United Development Company of Southlake, Texas and Christifulli Companies of Phoenix, Arizona recently sold an IHOP at 1963 W Valencia and Risas Dental and Braces at 1979 W Valencia sites at their Shops...

Fort Lowell Realty & Property Management Exercises Option on Tucson Building

TUCSON, ARIZONA -- Fort Lowell Realty & Property Management, Inc. (James Collopy, director) purchased an office building located at 2026 E. Prince Rd. in Tucson, from Prince Road Professional Plaza, LLC (Ione Jitare, member) for $432,099 ($130 PSF) Tucson-based Fort Lowell Realty & Property Management was a tenant for two-years...

The Trinity Mixed-Use Project Ready To Begin Construction this Fall

TUCSON, ARIZONA – A joint venture between R+R Development, LLC (Randi Dorman and Rob Paulus, members) and Bourn Properties, LLC (Don Bourn, manager), Trinity Project Investors LLC, closed on the first takedown from Trinity Presbyterian Church of Tucson for $700,000 ($21 PSF). The 33,198-square-foot lot is located along University...

ESL Completes Acquisition of Universal Avionics HQ in Tucson for $21.3...

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...

Iconic Donut Shop, Le Cave Opening Across from Police Substation

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...

O’Reilly Auto Parts Coming to Shoppes at Continental Ranch in Marana

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...
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