Thursday, November 23, 2017

Recent Residential Development Sales in Metro Tucson Total $6.27 Million

Meritage Homes of Arizona purchased 26.72 acres block platted land at Silverhawke North subdivision in Oro Valley, in the northwest submarket of Tucson, for $3,489,575. Zoning for the block is R1-7 but the number of lots was undetermined. The seller, Capri Company of Tucson (Herb Kai, manager) was represented...

Pioneer Title Agency Buys Tucson Building for $1+ million

TUCSON, ARIZONA -- Keith Newlon of Pioneer Title Agency purchased a 5,940-square-foot office property at 1889 N. Kolb Road in Tucson for $1,069,200 ($180 PSF) for its newest Tucson location. Built in 2003, the building is located in La Playa Caliente Office Park. Pioneer Title Agency is a full-service company...

ABI Brokers $1.85M Apartment Sale Near Downtown Tucson/UA

TUCSON, Arizona -- ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $1.85 million / $57,813 per unit sale of the 32-Unit Villa Delano Apartments at 123 West Delano Street in Tucson, AZ. The property is a garden style apartment community originally...

Bourn Buys Tucson Land for Future Office Development at 29th &...

TUCSON, Arizona – BP Swan Investors, LLC (Don Bourn, manager) and Maizlish College Partners GLS, LLC (Toufic Abi-Aad, member), affiliates of Bourn Companies, purchased property at 4710 E 29th Street and 2021 S Swan Road in Tucson for $1.6 million ($1.31 PSF). The 27.7763 acres sold with 115,245-square-feet of buildings...

Lennar Joins Meritage and Richmond at La Estancia in Tucson

TUCSON, Arizona – SBH La Estancia, an affiliate of Sunbelt Holdings, the developer of La Estancia has sold 350 lots in 2017 with Meritage, Richmond and now Lennar Homes there. La Estancia has sold more lots than any master planned community in metro Tucson, making it the best performing...

Sunflower Apartments in Tucson Sell for $6.67 Million

TUCSON, Arizona – The Marcus & Millichap Real Estate Investment Services Team of Hamid Panahi, Steve Gebing and Cliff David closed on the Sunflower Apartments at 6502 E Golf Links Road in Tucson for $6.67 million ($46,300 per unit). The seller of the 144-unit complex was GR Partners Sunflower, an...

Tractor Supply Center to be joined by Goodwill Store at Midvale...

TUCSON, ARIZONA –  Earlier this year, Tucson South Development Group LLC, an affiliate of Long Development Corporation (David Long, president) purchased 5.34-acres south of the southeast corner of Indian Agency Rd and Valencia Rd in the Midvale Park Shopping Center in Tucson, Arizona to split into two lots. The construction...

Tucson’s Tractor Supply on Valencia Sells for $5.075 Million

TUCSON, ARIZONA – Tucson South Development Group, LLC, an affiliate of Long Development Corporation (David Long, president) sold the Tractor Supply store at 1715 W Valencia to IS Corporation of Boca Raton, Fla. for $5.075 million ($234 PSF) in a net lease sale. The 21,702-square-foot Tractor Supply store on 2.3...

Popeye’s Restaurant Joining Tucson Marketplace at the Bridges

TUCSON, Arizona -- Tucson Marketplace at the Bridges is at Kino and I-10 in the southern submarket of Tucson. This 114-acre project anchored by Costco and Walmart will have approximately 1 million-square-feet of shops, pads, entertainment and anchors when fully completed. It has experienced some exceptional growth this past...

Realty Executives’ Tucson Associate Negotiates $1.15+ Million in Two Transactions

TUCSON, Arizona -- James P. Robertson Jr., CCIM, Senior Commercial Associate Broker with Realty Executives Tucson Elite, announced the closing of two commercial transactions in Tucson, one a multifamily and the other for an automotive center. Robertson assisted the seller, Frank and Florence Cotta in the sale of Coventry Manor...

Thornydale Plaza in Marana sells for $1.97 Million

TUCSON, Arizona -- The former Canyon Community Bank Plaza, now Thornydale Plaza, at 6811 N Thornydale Road in Marana sold for $1.97 million ($237 PSF) to a Tempe-based, private investor, Thornydale Plaza, LLC. Dave Carroll of Romano Real Estate in Tucson handled the transaction for buyer and seller, Canyon Community...

ADP Workforce Adding 250 Jobs to Williams Centre in Tucson, AZ

State and City Officials Join Company Executives at Ribbon-Cutting Celebration at ADP's Sales Facility TUCSON, Arizona -- ADP® is adding 250 positions to its Tucson workforce, bringing to 400 the number of ADP associates in Tucson and to nearly 2,000 the number of ADP associates who will be working in...
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