TUCSON, ARIZONA (May 6, 2025) – RW Adelaide, a Phoenix-based investment entity affiliated with RW Partners, has acquired a three-property multifamily portfolio in central Tucson for $3,420,000, or approximately $122,143 per unit. The seller was Shelwood Forrest, LLC of Golden, Colorado.

The portfolio includes properties located at 1415 E. Adelaide Drive, 1503 E. Adelaide Drive, and 1511 E. Blacklidge Drive, comprising 28 multifamily units. The property consists of 13 duplexes and two single-family residences (SFRs), offering a mix of housing options attractive to various tenant profiles.

The assets closed on April 21, 2025.

The well-located portfolio offers proximity to major educational and healthcare institutions, retail corridors, and public transit routes, making it highly desirable for students, healthcare workers, and young professionals. Situated within Tucson’s 85719 ZIP code, demand for rental housing in this central submarket remains strong, supported by the city’s continued economic and population growth.

Operating as a family office, RW Partners actively manages a diverse portfolio of real estate assets across Arizona, including multifamily, medical office, retail, and flex-industrial properties. The acquisition of these 28 units aligns with the firm’s investment strategy of targeting stable, income-producing properties in high-demand markets.

As of this report, no information regarding brokers or agents involved in the transaction has been disclosed.

Reference: RED Comp #11870

PHOTO: 1415 E. Adelaide Drive, Tucson, AZ, 85719

TUCSON, AZ (May 7, 2025) — Scottsdale-based Plato Holdings has acquired the former Kneaders Bakery & Café at 135 S. Wilmot Road in Tucson for $2,300,000 ($508.84 PSF), which equates to $508.85 per square foot. The 4,520-square-foot freestanding building will be repurposed as Angie’s Prime Grill, a growing fast-casual concept known for serving USDA Prime steaks, burgers, and grilled chicken.

The new location will mark the fourth and largest Angie’s-branded restaurant in Tucson, and notably, the first full-service, sit-down restaurant in the company’s portfolio. It is located directly across the street from an existing Angie’s Lobster. Other current Tucson locations include 2574 N. Campbell Avenue (Angie’s Prime Grill) and 110 S Wilmot (Angie’s Lobster), which operate as drive-thru only formats.

Meanwhile, Angie’s Prime Grill recently opened its newest Tucson location in a newly constructed 800-square-foot double-drive-thru building at 3805 E Broadway Blvd, at Camino del Norte, just west of Alvernon Way. The brand’s mission of delivering “affordable luxury” is showcased in a menu that includes prime steak, organic grilled chicken, and fresh-cut salads, served as bowls, burritos, or wraps—all grilled to order.

Angie’s Prime Grill and Angie’s Lobster are owned by Angie’s Food Concepts, founded in 2021 by Tony and Roushan Christofellis, the creators of the Salad and Go chain. After selling that brand and its 40 locations, the Christofellises launched the new concepts to focus on high-quality, value-driven food served quickly and affordably. Learn more at angiesprimegrill.com and angieslobster.com.

In the Wilmot property sale, the seller, Roebbelen Investors I of Powell, Ohio, was represented by Bill Clarkson, CCIM, of Realty Executives in Scottsdale. The buyer, Ray Plato, who leads Plato Holdings, is also a licensed real estate broker with Scottsdale-based Visa Realty.

The acquisition signals the continued expansion of the Angie’s brand in Southern Arizona. It underscores the growing investor demand for properties along Tucson’s high-traffic Wilmot corridor, a rapidly evolving retail and dining destination.

Reference: RED Comp #11856.

TUCSON, ARIZONA (May 6, 2025) – Coral Sea, LLC, a Tucson-based investment entity, has acquired a three-parcel commercial property located at 3101, 3125, and 3141 E Ajo Way in Tucson for $1,050,000. The transaction closed on April 28, 2025, with the seller listed as Paul D. Colucci et al, based in Carlsbad, California.

At the time of sale, the site was occupied by Affordable Autos of Tucson, a well-known used vehicle dealership serving the Tucson community, which is vacating it.

Located just east of the Kino Parkway and close to major arterial routes, the property spans multiple contiguous parcels and is zoned for commercial use, making it well-suited for automotive, retail, or redevelopment opportunities.

Paul Hooker, SIOR, of Cushman & Wakefield | PICOR represented the buyer, and Jeramy Price of VOLK Company represented the seller in the transaction. For more information, Hooker can be reached at (520) 546-2744 and Price is at (520) 326-3200.

The acquisition by Coral Sea, LLC reflects continued investor interest in Tucson’s centrally located commercial corridors with long-term occupancy and expansion potential.

Reference: RED Comp #11884.