TUCSON, Ariz. (August 6, 2025) – BV Shoppes, a 12,900-square-foot retail strip center at 2920 – 2930 E Broadway Blvd along East Broadway Boulevard in Tucson, changed hands twice in quick succession, highlighting continued investor appetite for added-value retail assets in the city’s core trade corridors.

The 70% leased property was first purchased by JP Family Trust (Jeramy Price) from LMG Investments, LP for $2,000,000. The sale was brokered by Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, who represented the seller, while Jeramy Price with Volk Company represented himself.

Shortly after closing, JP Family Trust resold the property to Palms Park, LLC of Tucson for $2,350,000 ($182 PSF) in a double escrow. Joey Castillo of Volk Company represented the investor and Jeramy Price of Volk Company represented himself as the seller.

The rapid resale while in escrow reflects the strong competition among investors for well-located retail properties with high visibility in established trade areas.

BV Shoppes, positioned along East Broadway Boulevard, benefits from excellent frontage and daily traffic counts, offering convenience, access, and a diversified tenant base that contributed to its appeal for both the initial purchaser and subsequent investor. The owner plans to update the façade to match the adjacent Bisbee Breakfast Club building (2936 E Broadway), lease up the vacancies, and stabilize the asset.

For more information, Hammack can be reached at 520.546.2712, Castillo is at 520.495.2234, and Price is at 520.441.4771.

Source: RED Comp #12025.

TUCSON, AZ (August 5, 2025)  – In a transaction bringing a local dining legacy full circle, E & S Irving, LLC, led by longtime Tucson restaurateur Ed Irving, has purchased the former Eegee’s location at 6810 E. Tanque Verde Road for $1 million ($574 PSF) from Slush, Inc. of Tucson. The acquisition marks a major step in the expansion of Irving’s Slice & Ice restaurant brand, slated to open its second Tucson location in the coming months.

The building, long recognized as an Eastside staple under the Eegee’s banner, closed its doors in late 2024 following the company’s Chapter 11 bankruptcy filing. The shutdown marked the end of an era for the property, which had served Tucson customers for decades under the frozen-drink and sub-sandwich chain co-founded by Irving in 1971.

This is a full-circle moment for Irving, who has lived near this location for years, and now gets to reimagine it as a Slice & Ice while keeping the tradition of locally-owned, family-friendly dining alive in this neighborhood.

Slice & Ice first opened on the West Side in 2020, offering a menu of handcrafted pizzas, hot subs, seasoned fries, and the brand’s signature icy drinks. The new Tanque Verde restaurant will build on that concept, with plans for updated interiors and an expanded menu designed to appeal to families and longtime Eastside customers. The property features ample parking and high visibility along one of Tucson’s busiest east-west corridors.

Renovations are already underway, with a mid-2025 opening targeted. Irving has hinted that the space will include nods to the building’s past while introducing a fresh look to launch the next chapter in his restaurant legacy.

The deal underscores a trend in Tucson’s retail market, where second-generation restaurant sites are increasingly sought after for redevelopment by local operators. Industry brokers note that former fast-food and quick-service restaurant properties are especially attractive to buyers seeking high-traffic locations with existing drive-thru infrastructure and kitchen buildouts.

With the purchase of 6810 E. Tanque Verde Road, E & S Irving, LLC not only reclaims a piece of Tucson’s dining history but also strengthens the homegrown brand’s presence on the city’s Eastside. The addition of this location is expected to bring dozens of new jobs to the area and provide another locally-owned dining option to the community.

Slice & Ice is located at 1905 W. Grant Rd., and the new location will be at 6810 E. Tanque Verde Rd. For more information, visit sliceandicetucson.com.

Source: RED Comps #12029.

Oro Valley, AZ (August 1, 2025) – The stand-alone building at 12132 N. Rancho Vistoso Boulevard, a former Bank of America branch, sold on July 7, 2025, for $1,150,000 ($254 PSF). The seller was MFG Spec 1, LLC of Phoenix, and the buyer, Vistoso Plaza II, LLC, an affiliate of Brentwood Development of Rocklin, California, already owns the inline shops at Safeway Vistoso Plaza, an 87,863 gross leasable square foot center, making this a strategic addition to its existing holdings within the center.

The 4,533-square-foot building, constructed in 2001, is situated on a 0.86-acre parcel with a drive-thru lane and dedicated parking. The property offers excellent visibility along Rancho Vistoso Boulevard, serving the growing Oro Valley trade area.

Earlier this year, the seller, MFG Spec 1, LLC, acquired the building directly from Bank of America in a sale brokered by Ryan Tanner of JLL before reselling it in this latest transaction. That first sale closed on April 23, 2025, for $650,000 via a modified sealed-bid process ($145 PSF). The acquisition provides Vistoso Plaza II, LLC with additional control of the shopping center and flexibility for future redevelopment or re-tenanting opportunities.

The site draws demand due to its affluent trade area (average household income north of $145,000) and visibility—over 33,000 vehicles daily at the Tangerine Road intersection.

Key Highlights of the Sale:

• Attractive repositioning opportunity for office, retail, or restaurant use
• Strategic location next to Safeway and just half a mile west of the Oro Valley Hospital Campus
• Demonstrates yield arbitrage from opportunistic acquisition to premium sale in months

This transaction exemplifies the appeal of well‑located, adaptive reuse commercial properties in high‑income suburban corridors.

Source: RED Comp #11986