Wednesday, August 15, 2018

Maracay Homes Purchases 93 Lots in Goodyear for $3.8 Million

Neighborhood with all-new floor plans scheduled to open in late 2017 GOODYEAR, Ariz. –  Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), closed on a $3.8 million purchase of 93 homesites for courtyard cluster single-family detached homes in the Rio Paseo Cottages community on West...

Marana Safeway Sells in $720M Bulk Sale-Leaseback Agreement to CF Albert...

MARANA, Arizona – Safeway Store #1749 at 9100 N Silverbell Road in Marana sold as part of an agreement that included 71 stores to a Delaware limited liability company for an aggregate purchase price, exclusive of closing costs, of approximately $720 million, in a sale leaseback agreement. According to...

New Subdivision and HomeBuilders – Tucson NW & SE

TUCSON, Arizona -- An affiliate of Tucson Land and Cattle Co. (Jim Campbell, manager) bought 59-acres at La Canada & Overton in Northwest submarket Tucson in Pima County for this new subdivision, Overton Reserve. The developer plans to develop 106 lots: the Northern 39-acres with 83 lots and a 2.1...

VEREIT Buys Retail Pad at Houghton Town Center for $10.9 Million

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...

CopperRidge Healthcare Campus Planned at Shannon & Cortaro Farms in Tucson

TUCSON, Arizona -- CopperSands Inc. of Phoenix (Ron Leach, Sr. Vice-President) purchased 9.25 acres at the northwest corner of Cortaro Farms and Shannon Road in Tucson for $1.675 million ($4.16 PSF). The property was purchased for construction of CopperRidge Healthcare Campus, a Skilled Nursing Care Campus for seniors. The 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...

Tucson’s Bourn Companies Plan Second Renaissance for Foothills Mall

TUCSON, Arizona – Tucson-based, Bourn Companies (Don Bourn, manager) and its affiliate, FHM Partners, LLC have announced the acquisition of Foothills Mall from Columbus-based Schottenstein Property Group, Inc. (SPG). Bourn has had past experience with the 514,379-square-foot mall, owning it back in 1994 when it was at 12% occupancy and...

Goodwill purchases their Sorrento Square store from Larsen Baker for $3.7...

TUCSON, Arizona -- Larsen Baker is pleased to announce the sale of a ±15,629-square-foot building on ±1.4 acres of land located at Sorrento Square on the southwest corner of Golf Links Rd. & Houghton Rd in Tucson to Goodwill Industries of Southern Arizona. The purchase price was $3.676 million...

California Investors Buy Two Kneaders Bakeries in Tucson for $5.8 Million

Two Kneaders Bakeries at 3550 N Craycroft Road in Tucson and 9660 N Oracle Road in Oro Valley recently sold to California investors shortly after completion. Both were built in 2016 and just recently opened, leased to Kneaders Bakery they sold in triple net investment sales. The Kneaders at 3550...

Escalante Adds The Gallery Golf Club at Dove Mountain to Portfolio

TUCSON, Arizona – The Texas-based company Escalante Golf recently acquired its second Arizona property, The Gallery Golf Club for $7.1 million. The 36-hole Gallery has hosted a number of high profile events including the Tucson Open, the Accenture World Match Play Championship, and numerous amateur and college events. Located...

Leman Academy Chooses Sorrento Square in East Tucson for Third Site

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 Manufacturer, Spartan Armor Systems Buys Manufacturing Facility

TUCSON, ARIZONA - Copper Street Armor Factory, LLC of Tucson (Todd Meeks, manager) doing business as Spartan Armor Systems, purchased a 12,800-square-foot industrial building and excess land at 1830 & 1840 W Copper Street in Tucson for $702,000 ($55 PSF). The building was built in 1993 and includes a...
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