Monday, October 22, 2018

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...

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...

Berkadia Arranged Sale of Mirabella Apartments for $16.2M

Tucson, Ariz.—Berkadia recently arranged the sale of Mirabella Apartments, a multifamily property in Tucson, Ariz., for $16.2 million ($40,399 per unit). Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of the Tucson office led the team that completed the transaction. The property was sold by Salt Lake...

Avilla Marana I & II Sell for $45.44 Million

TUCSON, Ariz. –  Two multifamily properties, Avilla Marana I and Avilla Marana II, totaling 284-units sold for $45.44 million ($160,000 per unit). The multifamily properties are located at 4050 and 4115 West Aerie Drive in Marana, AZ. Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of Berkadia Real...

Could Monsanto Be Going after the Pot Industry in Arizona?

TUCSON, AZ -- Seed giant, Monsanto Corp. bought 155.65-acres of agricultural land in Avra Valley northwest of Tucson last week for $3,741,510 ($24,038 per acre) from Avra Plantation, Inc. (Herb Kai, president). The property is located at the southwest corner of Sanders Road Extension and Twin Peaks Road in...
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