Monday, February 18, 2019

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...

Colonia Verde Shopping Center Sells for $24.5M in Tucson

TUCSON, Arizona– Holliday Fenoglio Fowler, L.P. (HFF) announces the $24.5 million ($248 PSF) sale of and the $17.8 million acquisition financing for Colonia Verde, a 98,937-square-foot, grocery- and pharmacy-anchored neighborhood shopping center in Tucson. The HFF team marketed the property on behalf of the seller, Westwood Financial Corporation of Los...

Demand Grows for Better Infill Sites in Tucson

KB Homes has New Infill Subdivision in Northwest TUCSON, Arizona -- KB Home closed on a 17+ acres for a new infill project at the southwest corner of La Cholla and Corral Ridge Loop in Northwest Tucson near OMNI Tucson National Golf Resort. The property commanded a sale price...

California Investor Buys 3 Mobile Home Communities in Tucson for 7.35...

A California investor, Wayne Comfort, has invested in three mobile home communities in Central Tucson for an aggregate total of $7.35 million. The Lamplighter Mobile Home Park at 3431 N Flowing Wells Road in Tucson sold for $2.4 million ($35,820 per space). The 67-site park is a three-star, all age...

240-unit Palomino Crossing Apartments in Tucson sold and financed by NorthMarq

TUCSON, ARIZONA – The Palomino Crossing Apartments, located at 750 East Irvington Road, Tucson, Arizona, sold this month for $13.75 million ($57,292 per unit). The NorthMarq Multifamily team of Bill Hahn, Trevor Koskovich, and Jesse Hudson represented both the seller and the buyer in this transaction. AndMark Investment Fund IV, LLC,...

El Corredor Oro Valley Retail Pad Sold for $2.4 Million

ORO VALLEY, Arizona – Loredo, Texas-based, Avery Commercial Small C, LLC an affiliate of Laredo Horizons Development Corp. (Brian Moreno, COO) purchased a 7,725-square-foot multi-tenant retail building at 9630 N. Oracle Road in Oro Valley for $2.4 million ($311 PSF). The property is a newly constructed multi-tenant retail building in...

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...

Northwest Fire District Expanding in High Growth Northwest Tucson

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...

Multifamily Portfolio with 5 Properties in Tucson Sells for $3.724 Million

TUCSON, Arizona – Gould Family Properties VIII, LLC of Tucson (Wayne & Amy Gould managers) purchased 69-units in five separate properties for a combined total of $3.724 Million ($54,000 per unit). The sellers were various limited liability companies managed by James and Joan Johnston of Tucson. The properties included 1620-1650...

Cali Investor Buys Desert Palms Apts in Tucson for $3.1 Million

TUCSON, Arizona – Marcus & Millichap handled the purchase by a private investor from Glendale, Calif of  Desert Palms Apartments at 3125 N Alvernon Way in Tucson for $3.1 million ($45,588 per unit). Built in 1983, Desert Palms is a 2-story, 68-unit Apartment Community located on Alvernon Way near Ft....

Former MIKID Corporate Headquarters in Phoenix Closes Escrow

PHOENIX, AZ – ORION Investment Real Estate is proud to announce the sale of the former MIKID Corporate HQ for $535,000 ($101/SF). This single user office is located along Thomas Road near 24th Street. Surrounding the property is Phoenix Children's Hospital, Phoenix Country Club, Camelback Esplanade, Biltmore Fashion Park...

Harsh Investment Acquires Another Tucson Industrial Property for $10.5 Million

TUCSON ARIZONA – Harsch Investment Properties, a Portland-based real estate investment, development and management company, continued its aggressive growth in Tucson, Arizona with the purchase of 2201 East Medina Road in Tucson for $10.5 million ($72.50 PSF) from Intercontinental Real Estate Corporation of Boston, MA. The property is 144,900-square-feet and...
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