Top photo: 4892 N. Stone Ave. in Tucson, and bottom photo: Green Valley Medical Mall at 1055 N. La Canada Dr. in Green Valley, AZ

TUCSON, AZ (April 9, 2025) — A private investment group, MLL Capital,  has acquired a 42,722-square-foot medical investment portfolio, comprising multiple properties, from a Canadian investment REIT for a total purchase price of $6,150,000 ($145.49 PSF).

The portfolio includes several leased medical office buildings, including 4892 N. Stone Ave. in Tucson and the Green Valley Medical Mall at 1055 N. La Canada Dr. in Green Valley.

Both sales took place concurrently on April 1, 2025.

MLL Capital pursues core-plus, value-add, and opportunistic real estate investments. The company creates value through strategic capital investment, detailed repositioning and redevelopment plans with a strong focus on targeted leasing.

MLL Capital has commercial real estate investment and operating experience nationwide through its senior team members. The firm’s principals have over 40 years of combined experience, during which time they invested over $4 billion across a broad range of property types, markets, and risk strategies.

Thomas J. Nieman, Principal and Office Specialist, and Bryce Horner, Capital Markets Specialist at Cushman & Wakefield | PICOR, represented the seller, Northwest Healthcare Properties, in the transaction.

For more information, Nieman can be reached at 520.546.2728, and Horner is at 520.546.2737.

To learn more, see RED Comp #11831 and #11832.

PHOTO: Top photo: 4892 N. Stone Ave. in Tucson and bottom photo: Green Valley Medical Mall at 1055 N. La Canada Dr. in Green Valley, AZ

TUCSON, AZ (August 8, 2024) — A historic strip center with six storefronts on the corner of Stone and Jacinto at 2600 N Stone Avenue, developed and owned by the same family since 1948, sold for $520,000 ($72.40 PSF).

The 7,182-square-foot solid brick construction sits on an approximate .69-acre lot, which has the potential for expansion or splitting off the valuable C-2 zoning.

At the time of the sale, the strip center was occupied by four tenants on month-to-month leases. Tenants included a Barber Shop, a Recording Studio, a Church, and an NA Meeting place.

The buyer owns Fabrics That Go at 3105 N Campbell Ave. and purchased the property to owner-occupy.

James Buchanan with EXP Realty represented the buyer, 1535 East University LLC of Tucson. Esther Empens and Jade Bossert with Tierra Antigua Realty represented the seller RC and C Limited Partnership of Tucson in this transaction.

For more information, Empens can be reached at 520.271.5585, Bossert is at 520.797.6900, and Buchanan should be contacted at 520.603.1002.

To learn more, see RED Comp #11348.

MARANA, AZ (July 19, 2024) – Lennar Homes will join Meritage Homes at Mandarina Master-Planned Community. Lennar purchased 160 platted and engineered lots at Mandarina for $5.544 million ($34,650 / lot).

The 45’x115’ lots will be developed in cooperation with Meritage Homes, which purchased 266 platted lots in April.

Mandarina Phase I is a mixed-use development on 455 acres at the intersection of Tangerine Road and the I-10/Union Pacific Railroad (UPR) Corridor. The project will include up to 2,500 residential units (single-family detached, single-family attached, and multi-family units) and commercial units, including retail, hotels, and more.

Bela Flor Communities assembled the 455 acres for the  new master-planned community, The Mandarina Specific Plan-2009.

To learn more, see RED Comp #11372.