Tucson, AZ. – (May 3, 2024) – Larsen Baker, through its affiliate Commerce Center Developers, LLC, and Volk Company, through its affiliate Commerce People, LLC, recently acquired the 135,760-square-foot industrial/flex building on 15 acres at 2700 & 2800 E Commerce Center Pl, Tucson, Arizona for $9,231,680 ($68 PSF).

Intuit will continue to occupy 70,000 square feet, and 65,000 sf will be available for lease, which can be split into smaller spaces. The available space suits a data center, research and development, flex space, distribution, office, and/or warehouse. It is fully air-conditioned and boasts an 18-foot ceiling clear height, 2000 amps of power, I-1 zoning, and fully fenced parking, including covered and EV parking. Plans are to add dock high and/or grade loading.

The property also features a flexible office buildout with breakrooms, private offices, and meeting rooms. It includes a fully built-out 1,700 sf raised floor data room with 350kW UPS Capacity and CRAC units, supported by two 750 kW Diesel Generators and a 417 kW Solar System. The space is available now to schedule tours.

The buyer was self-represented by Isaac Figueroa, CCIM, SIOR of Larsen Baker, and Rick Volk of Volk Company. The seller, Hidden Willows, LP, was represented by Tivon Moffit, Peter Bauman, and Brett Baker with Institutional Property Advisors, a division of Marcus and Millichap, with assistance from Thomas Nieman, the local broker contact, with Cushman & Wakefield|Picor.

For more information about the available space, Figueroa can be reached at 520-296-0200 and Volk at 520-495-2242.

To learn more, see RED Comp #11277.

TUCSON, AZ (May 2, 2024) –  Arcadia Real Estate Holdings, L.L.C. purchased 6,495 square feet of retail space at 4832 E. Speedway Blvd. in Tucson from Fangs and Claws LLC for $2,241,250 ($345 PSF).

Built in 1958, the property was remodeled in 2018 for Pima Pet Clinic – Urgent Care Services, which continued to occupy it when it was sold.  Established in 1978, Pima Pet Clinic’s philosophy of care is based on a collaborative team approach with the pet as their constant focus. Veterinarians bring a broad spectrum of experience, expertise, and specialization to the table, and the paraprofessional staff of highly trained, certified technicians, receptionists, and administrators are all dedicated to caring for pets. Consultation between our doctors, staff, and outside specialists ensures the best possible treatment is available.

The sale closed on April 11, 2024.

Bryce Horner, Capital Markets Specialist with Cushman & Wakefield | PICOR, represented the seller.

For more information, Horner can be reached at 520.546.2737.

To learn more, see RED Comp #11243.

TUCSON, AZ (May 1, 2024) — Traverse Pointe Partners (“Traverse”), a private equity firm focused on the lower middle market, has announced that its portfolio company Small Miracles (“Small Miracles”), a leading multi-location early education provider, has acquired Three Points Childcare Center (“Three Points”) in Tucson.

According to public records, Traverse Pointe Partners acquired the property and transferred it to Essential Properties, LP, for third-party landlord refinancing in a double escrow on April 12, 2024, for $1 million.

“Three Points Childcare Center is a great addition to Small Miracles’ robust portfolio of early childhood education centers,” said Michael Simon, Managing Principal of Traverse. “Small Miracles was recently recognized as of one of North America’s 50 largest for-profit childcare organizations, and the Three Points acquisition continues our growth trajectory. Three Points represents an opportunity for Small Miracles to broaden its reach in Arizona, while further scaling its operations. We remained excited about the Company’s future prospects and committed to continue expanding our portfolio of schools under the leadership of Bill Berk and the Small Miracles management team.”

Bill Berk, CEO of Small Miracles, said “Three Points was a natural fit for the existing Small Miracles portfolio in the Tucson market. We look forward to building on the excellent standard of care that has already come to be expected by those sending their children to Three Points. With the support of Traverse, we continue buy and build in our region, while positively impacting the lives of as many children and families as we can.”

Small Miracles is a leading early learning center company that owns and operates a portfolio of 16 centers in one of the country’s fastest-growing areas. The Company operates ten centers in Tucson and six in Phoenix, Arizona. Small Miracles serves children ages 6 weeks through 12 years. Across multiple locations, children are immersed in various educational and social activities with a staff of trained and experienced educators. With its most recent acquisition, the Company has an enrollment capacity of over 2,000 children and students.

Traverse Pointe Partners is a private equity investment firm focused on controlling investments in lower-middle market companies. Our investment professionals and operating partners offer an array of skillsets and expertise to enhance the value of our platform investments. We partner with strong management teams, providing capital and operational, financial, and strategic support to enable organizations to maximize their potential. To date, Traverse has made six platform investments and ten add-on acquisitions.

To learn more, see RED Comp #11248.