Last Parcel Sells at Marana Technology Campus

MARANA, ARIZONA (June 28, 2023) — The sale of 3.86 acres at the Southwest corner of Tangerine Road and Marana Technology Drive (Formerly Breakers Rd) rounds out the sale of all of the lots in the Marana Technology Campus industrial subdivision.

The parcel was purchased by PVB Holdings, LLC., Peter Van Bogaert, MM from Marana Technology Campus, LLC, Douglas Gratzer, Sole Member for the purchase price of $845,000 ($5.03/SF).

Zoned Marana, Heavy Industrial, the property is adjacent to the recently constructed PVB Fabrications facility and a mile East of the Interstate 10-Tangerine Road Exit.  “The area has recently experienced a considerable amount of industrial activity due to the widening of Tangerine Road and the proximity to I-10”

Tom DeSollar, EMS, Arizona First Properties, LLC represented the Seller in the transaction.  Rob Glaser, CCIM, SOIR, PICOR Commercial Real Estate Services, represented the Buyer.  Stewart Title & Trust of Tucson, Michelle Jolly served as Escrow Agent for the transaction.

Desollar can be reached at 520-400-2732. Email: [email protected]

Glaser can be reached at 520-748-7100. Email: [email protected]

Jolly can be reached at 520-327-7373. Email: [email protected]




Following a Fire, The Oro Valley Chamber of Commerce Buys New Headquarters

ORO VALLEY, ARIZONA (June 23, 2023) – After a March 21 fire destroyed the contents of the Greater Oro Valley Chamber of Commerce office, the Chamber was able to purchase a new headquarters at 1822 E Innovation Park Drive in Oro Valley.

Built in 2009, the 2,116-square-foot office is located in Innovation Corporate Center, near the Oro Valley Hospital and Oro Valley Marketplace, and sold for $505,000 ($239 PSF). With high end finishes, the building has thee offices, two restrooms, and a conference room.

The transaction closed on June 21, 2023.

Batoun Herrington, CCIM, CPM, President and Designated Broker of Branel Real Estate Company in Tucson, represented the Chamber in the purchase.

“We are thrilled to have represented the Chamber in the acquisition of their new office location in this prominent, well-located office park, and expect it will serve as an excellent location for many years to come,” Herrington said. “After enduring the fire earlier this year, it was especially heartwarming that the seller, also a Chamber member, cared impeccably for this beautiful office and left it to the Chamber fully furnished and ready to seamlessly resume in-person operations.”

The Oro Valley Chamber has been able to continue its work and service to the community since the fire in The Post Workspace and continue all community meetings, ribbon cuttings, and shows outside of the Chamber’s office.

Chamber President and CEO Kristen Sharp noted after the fire, “We’re not pausing or closing our doors. We’re still here and still willing to help.”

“The chamber is people; it’s our members. Our staff is still able to help our members, help the community and do our jobs,” Sharp added resolutely when interviewed after the fire.

Kyle Kilgore with NAI Horizon represented the seller, Soss Investments, c/o Donald Soss, Manager.

For more information, Herrington should be reached at 520.524.5248 and Kilgore is at 520.999.3739.

 

 




KB Home Purchases 19-Acres in the Catalina Area for Wildflower Reserve

TUCSON, ARIZONA (June 23, 2023) – KB Home closed on 19.07 acres northeast of Oro Valley for a new 91-lot subdivision called Wildflower Reserve.

The purchase price for the acreage was $3,185,000 ($167,000/ acre – $35,000 per tentative lot). The property was zoned with a tentative plat for 91 tentative homesites, sized 40’x120’.

The transaction closed on June 20, 2023.

The Arizona Department of Water Resources (ADWR) issued an approved Certificate of Assured Water Supply (CAWS) earlier this year.

The seller was Alan Murdock, a licensed broker with Realty Executives who represented himself in the transaction.

Michael Anderson, KB Home VP, Regional Counsel, managed the Purchase and Sale Agreement for the buyer and seller along with Bobbi Raymond at Fidelity National Title.

The property features incredible mountain views of the Pusch Ridge side of the Santa Catalina Mountains, located at the northeast corner of Oracle Road and Golder Ranch Drive in Pima County, which KB Home particularly liked about the property.

KB Home is SAHBA’s reigning “Builder of the Year” and is always looking for additional land opportunities in the greater Tucson market. Sellers and brokers can reach out directly to Andrew Gasparro, KB Home, Vice President of Land, at 602.686.9889 or via email at [email protected].