4th Quarter Sales

TUCSON. ARIZONA – D.R. Horton (Brent Davis, Division President) purchased 39 acres at 5975 S Tucson Blvd. in Tucson for $2.184 million ($21,204 per lot).  The property is platted for 103 homesites known as Tres Pueblos Este and is ready for development. Located at the northwest corner of Tucson Blvd....

TUCSON, Arizona – An affiliate of Bourn Companies (Don Bourn) of Tucson, BP Grant Pad Investors, sold the retail shops at 6572 E Grant Road in Tucson sold in as an investment asset for $3,894,400 ($518 PSF). Located at the Target Shopping center at Grant and Tanque Verde, the...

TUCSON, Arizona – Brand Properties, LLC (Scott Brand) of Salt Lake City, UT bought 12.48 acres at Sorrento Square for $2.1 million ($3.86 PSF) for a new Leman Academy of Excellence Charter School. The tuition-free charter school began as a K-6 school in 2014 and has grown to become a...

TUCSON, Arizona -- VEREIT, Inc. (NYSE:VER) (Glenn Rufrano, Chief Executive Officer), a real estate investment trust (REIT), purchased a 56,000-square-foot retail pad at Houghton Town Center in Tucson, Arizona for $10.9 million ($195 PSF). The building, located to the east of Super Walmart, was built for and fully occupied by...

TUCSON, ARIZONA -- Rick Borane of Volk Company in Tucson represented Panthera Pavilion, LLC (Stephen Grimm, manager) in its purchase of the 8,055-square-foot building and 14,425-square-feet of land at 1030 North Alvernon Way in Tucson for $700,000 ($87 PSF). The property was fully leased to the UA Department of Family...

TUCSON, ARIZONA – Local investor, RJK PI, LLC (Robert Kivel, manager) purchased the Sprint Building at 1840 West Valencia Road in Tucson for $1.455 million ($485 PSF). The property was occupied by Sprint in a triple net long term lease and sold in an investment sale. Build in 2001, the...

Marana, Arizona – Northwest Fire District (NWFD) knowing time is of the essence in an emergency has purchased two new sites for stations: a 2.76-acre parcel in Dove Mountain for $735,781 ($6.12 PSF) and a 1.48-acre lot at Gladden Farms for $400,00 ($6.20 PSF) both in Marana, Arizona. “Northwest Fire...

Oro Valley, Arizona -- Vast Commercial Real Estate Solutions (Vast CRE) brokered the sale of a Class A corporate building at 8950 N Oracle Road, Oro Valley, AZ 85704. Located along the high-traffic Oracle Road corridor in the Palisades Corporate Plaza, the 41,134-square-foot space sold for $4.5 million ($109.40...

TUCSON (VAIL), ARIZONA -- Lennar Homes bought 160 lots at Rincon Knolls in Vail, Arizona before the end of year for $3,024,125 ($18,900 per lot) The platted and fully engineered lots were sold by TTLC Rincon Knolls, LLC an affiliate of The True Life Companies-(Aidan Barry, Senior VP) in this...

TUCSON, ARIZONA – Vice President David Blanchette, CCIM, of the NAI Horizon Tucson office, negotiated the $1.115 million ($247.50 PSF) acquisition of a restaurant, vacant building, and leased parking space at 2902-2952 E. Speedway Blvd., in Tucson. The freestanding retail building at 2902 E. Speedway is centrally located west of...

SAHUARITA, ARIZONA – Richmond American Homes recently bought 71 finished lots at Entrada La Villita, the newest community in Rancho Sahuarita Master-Planned Community, for $3.266 million ($46,000 per lot) from Rancho Sahuarita VIII, an affiliate of Sharpe & Associates (Robert Sharpe, president). Ted Herman with Sharpe & Associates, who represented...

MARANA, ARIZONA – CPM LABFAB, Inc. (Kim & Kerry Bergman, principals) purchased 5-acres of HI zoned land at 7979 W Tangerine Road in Marana for construction of a new manufacturing facility. LABFAB fabricates standard and custom modular laboratories for general chemistry, vivarium or BSL use. Virtually any size requirement...