Monday, June 25, 2018

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...

Charlie’s Comic Books Grand Reopening Feb. 1st with Thousands of 25¢...

TUCSON, Arizona -- There will be thousands of comics available for only TWENTY-FIVE CENTS EACH for TEN DAYS starting February 1st, to commemorate the GRAND REOPENING of Charlie’s Comic Books in its new location at 1421 S. Kolb Road, Tucson, AZ 85710. Charlie’s Comic Books will relocate from 5460 East...

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...

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...

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...

Vista Palmilla Sells / Joins Second Chance Rental Tucson Network of...

TUCSON, ARIZONA - Riderjak Properties, LP (Les Boynton, manager) purchased Vista Palmilla Apartments located at 3828 E. Fort Lowell Rd. in Tucson, from Dunn Family Trust for $1.7 million ($29,825 per unit). Community amenities include gated pool, self-service laundry, high speed internet, air conditioning and barbecue area. Built in 1985...

CPM LABFAB Buys 5-acres in Marana to Relocate Headquarters

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...

Winning Tucson land bid: $330 PSF to Sterling University Housing at...

TUCSON, Arizona -- The Dinerstein Companies (TDC) purchased a 30,950-square-foot lot for the latest student housing project at the University of Arizona. The property commanded a sale price of $10.2 million ($329.56 PSF) with 26 bidders competing for the site. Sterling University Housing is a wholly owned subsidiary of TDC,...

Volk Company Handles Sale of Alvernon Way Property in Tucson

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...

Homebuilders’ Optimism Bodes Well for Tucson Q4

If the number of lots being bought by homebuilders is any indication, homebuilders’ optimism bodes well for Tucson in Q4. During the last quarter 2016 over 720-lots have sold to-date. That’s an increase of over 200% from Q3 and a 28% increase over Q4 2015. The National builder sentiment index...

E-Konomy Pool Services in Tucson Exercises Lease Purchase for $2.1 Million

TUCSON, AZ -- DeCook Properties (William De Cook, manager) dba E-Konomy Pool Service & Supplies purchased the building at 6020 East Speedway Blvd. in Tucson for $2.1 million ($146 PSF). The buyer has been a tenant at the 14,369-square-foot building on 4.2 acres since February 2015, and exercised a...

Investment Group Trades Tucson Office Complexes

TUCSON, Arizona -- EJC Properties LLC and 18 Central LLC of Tucson, investment groups formed by Eddy Chernecki, recently sold Pima Professional Plaza at 5700 E Pima Street in Tucson for $2.165 million ($108 PSF). The medical offices in a campus-style setting were built in 1978, and have nine office...
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