Thursday, September 20, 2018

Texas Instruments Announces $29 Million Project with Purchase of final lot...

TUCSON, ARIZONA -- Daniela Gallagher,  Vice President, Economic Development at Sun Corridor broke the news of a new Texas Instruments project coming to 301 South Williams Blvd in Tucson Thursday at the Pima County Research Council meeting. Previously to this only known by the code name “Project Treasure”. Texas Instruments,...

Southern Arizona CCIM Chapter Conversation Corner July

TUCSON, ARIZONA -- The following commercial real estate transactions totaling $3.3 million created a lot of conversation at the July meeting of the Southern Arizona CCIM Chapter, in case you missed it, we’re publishing them here as part of our CCIM Conversation Corner. Jade Bossert with Tierra Antigua represented the...

Newly Constructed Arby’s Sells in Sale-Leaseback at Old Vail Plaza

VAIL, Arizona – The newly constructed Arby’s Restaurant at 10115 East Old Vail Road in Tucson in Old Vail Plaza recently sold for $1.59 million ($749 PSF). The brand new 20-year triple-net (NNN) sale-leaseback with zero landlord responsibilities was purchased by Lee & Lee Properties, LC (45% share) and (55%...

A 3-Property Apartment Portfolio Sells in Southwest Tucson Submarket for $8.6...

TUCSON, Arizona – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of three apartment properties in Tucson, AZ:  River View Villas (80-units), Santa Cruz Vista (56-units), and Westlake Village (100-units), according to...

Carl’s Jr. in Southwest Tucson Sells for $2.065 Million

Tucson, Arizona – CBRE arranged the $2.065 million ($506 PSF) sale of a single-tenant retail property leased to Carl’s Jr., a 4,084-square-foot building located at 1070 E. Ajo Way in Tucson. Nancy McClure with CBRE’s Tucson office and Andrew Fosberg with CBRE’s Phoenix office represented the seller, Cumming D. Carl’s,...

Pima County Moves Ahead to Acquire 3,283-acre Tesoro Nueve Ranch

PIMA COUNTY -- The Pima County Board of Supervisors at its June 19 meeting voted 3-2 to acquire more than 3,283 acres of riparian habitat on the eastern slopes of the Catalina Mountains for future conservation. The Tesoro Nueve Ranch includes 1,476 acres of land and 1,807 acres of state...

Thrasher Law Offices Finalize $18.17 Million in Multifamily Transactions in Tucson

TUCSON, ARIZONA – Thrasher Law Offices, PLLC handled the sale of two apartment complexes with an aggregate value of $18.17 million. Hamilton Zanze & Company of San Francisco, Calif. sold the Arches at Oracle Apartments at 5921 N Oracle Road in Tucson for $12.4 million ($86,111 per unit). The 144-unit...

Getty Realty Acquires Properties in Sale Leaseback Agreement

TUCSON, ARIZONA —  Five Valero gas-stations and c-stores in Tucson were acquired by Getty Realty of Jericho, NY for $10.55 million from CST Arizona Stations, Inc. formerly known as Diamond Shamrock Arizona, as part of a $123 million portfolio. To facilitate Empire Petroleum Partners LLC’s purchase of a portfolio of...

Popeyes going in at the NEC Speedway & Stone in Central...

TUCSON, ARIZONA – HZ Props RE, Ltd. of Sugar Land, Texas bought .61 acres at the northeast corner of Speedway and Stone in central Tucson for $800,000 ($30 PSF) for a built-to-suit Popeyes Louisiana Kitchen restaurant. The buyer plans to construct an approximately 3,000-square-foot Popeyes on the site. This will...

New Apartment Complex Planned for River and Craycroft in Tucson

TUCSON, Arizona – MC Companies of Scottsdale purchased 12.65 acres at River and Craycroft in Tucson for $3 million ($5.42 PSF). The site is at the southeast corner and will be used for construction of a 210-unit upscale apartment complex. The first new apartment complex for quite some to be...

Auto Zone and Burger King Coming to Sorrento Square in Tucson

TUCSON, ARIZONA – Sorrento Square, a new retail center development by Larsen Baker of Tucson, located southwest of the corner of Houghton and Golf Links Roads in Tucson will soon have a Burger King and an Auto Zone. Laird Real Estate (Michael Laird, trustee) purchased a 16,190-square-foot pad at Sorrento...

Tucson’s St. Mary’s Village Retail Center Sells for $2.2 Million

TUCSON, Arizona - St. Mary’s Village Center at 1301-1325 W St. Mary’s Road in Tucson sold for $2.2 million ($141 PSF). The 15,600-square-foot multi-tenant retail strip center has solid mix of national and local tenants with a variety of office, medical, service and food uses. Tenants include H&R Block, Supercuts,...
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