TUCSON, Ariz. (August 29, 2025) – Ventana Plaza, a prominent retail and office center located at 5414–5455 N. Kolb Road in Tucson’s Catalina Foothills, has sold for $10,250,000 ($317 PSF). The buyer was Lynn Morrison, LLC of Scottsdale, while the seller was WH Group #2, LLC of Tucson.

Sanford Burstyn and Sam Wilson of Arrow Real Estate Investment Services (ARROW REIS) represented the seller in the transaction. The buyer was self-represented.

Developed in 2001 by the seller, who also built the surrounding subdivision, Ventana Plaza, a 32,300-square-foot property, has long served the affluent Foothills community. Strategically positioned at the gateway to Ventana Canyon Country Club and Resort, the property benefits from exceptional demographics. ZIP codes within a one-mile radius report average household incomes exceeding $144,000, placing the center within one of the region’s highest-performing retail corridors.

According to Placer.ai, Ventana Plaza attracts approximately 15,300 visits annually from 10,100 unique visitors, with an average visit frequency of 1.52. These visitation metrics highlight the property’s strong draw in a more affluent, but smaller, trade area that supports consistent traffic.

This transaction demonstrates lasting investor confidence in Southern Arizona’s luxury retail sector, particularly in supply-constrained Foothills submarkets where quality assets are limited and demographic trends remain favorable.

For more information, Burstyn and Wilson can be reached at 602.625.5151.

Source: RED Comp #12059.

TUCSON, Ariz. (August 28, 2025) – The Center for Biological Diversity, a Tucson-based nonprofit dedicated to protecting endangered species and wild places, has purchased 12.87 acres of land at Redington Pass for $490,000. The property, consisting of three parcels (APNs 205-44-001H, 205-40-007R, and 205-40-007S), was acquired from Terrain Inventory, LLC of Aurora, Colo.

Located in the Tanque Verde/Redington Pass area east of Tucson, the site borders the Coronado National Forest and features rolling hillsides, natural washes, and habitat critical for wildlife movement. The land is zoned SR and GR, consistent with low-density rural and conservation uses.

With this acquisition, the Center for Biological Diversity intends to permanently preserve the property as natural open space, safeguarding habitat and maintaining ecological connectivity between the Santa Catalina, Rincon, and Galiuro Mountains. The purchase prevents future residential or commercial development, reinforcing the organization’s mission to protect Southern Arizona’s most sensitive landscapes.

“This land sits at the heart of an important wildlife corridor and will now remain undeveloped for generations to come,” said representatives from the Center. “It’s a win for biodiversity, for the landscape, and for the community that treasures Redington Pass as a wild and scenic place.”

The seller, Terrain Inventory, LLC, is a veteran-owned land investment company based in Aurora, Colorado, doing business as The Terrain Project. Since its founding nearly eight years ago, the firm has completed more than 500 land transactions nationwide, specializing in acquiring off-market rural properties and reselling them directly to buyers through a streamlined process.

This purchase marks the Center for Biological Diversity’s first known conservation land acquisition in Southern Arizona, underscoring the group’s commitment to expanding its mission beyond advocacy into direct land preservation.

The acquisition complements the work of local groups, such as the Friends of Redington Pass, which has led volunteer clean-ups and stewardship efforts for more than a decade to preserve the area’s natural character while balancing recreation and conservation.

Source: RED Comp #11976.

Kolb Office Park, 2090 & 2096 N Kolb Road, Tucson

TUCSON, Ariz. (August 27, 2025) – Larsen Baker is pleased to announce the successful sale of 2090 and 2096 N. Kolb Road, a two-building office complex known as Kolb Office Park. The property sold for $3,531,000 ($163 per square foot).

Kolb Office Park comprises two well-maintained, multi-tenant office buildings totaling over 21,600 square feet. Situated in a high-visibility location along Kolb Road just north of Broadway Boulevard, the complex offers convenient access to Tucson’s eastside business corridor, major retailers, restaurants, and residential neighborhoods.

The seller, Kolb Office Park, LLC, was represented by Isaac Figueroa, CCIM, SIOR, with Larsen Baker. The buyer, Camino Kolb Norte, LLC, of Phoenix, was represented by Matthew Wright and Rick Euble with Realty One Group in Phoenix. The buyer, a tenant in the complex before the sale, will now expand into the vacant space.

“This transaction reflects the continued demand for quality office product in well-located submarkets of Tucson, especially for owner/users looking for supplemental investment income,” said Figueroa. “Kolb Office Park offers the buyer a stabilized investment with a strong tenant base and available space to occupy.”

The sale underscores the resilience of Tucson’s office market, where investors continue to seek stabilized properties with strong fundamentals, even amid shifting national office trends.

For more information, contact Isaac Figueroa, CCIM, SIOR, at 520.296.0200.

Source: RED Comp #12061