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 Apartments at 5770 E. 10^th St. Tucson, AZ.  A 32-unit community, built in 1962 in the Park Mall retail corridor.  The property consists of 20 one-bedroom, 4 two-bedroom and 8 studio units, with pool and laundry facilities amenities.

This was one of only a few remaining distressed multifamily properties in the Tucson marketplace.

“Count this sale as another victim and hopefully the last of the recent real estate valuation collapse.  I applaud the buyers and the buyers’ representative for being knowledgeable on the multifamily sale process.  It is not for the light-hearted,” said Robertson. “The buyer saw that the property had good bones, but needed cosmetic and mechanical upgrades.  An opportunity was there at the right price.”

After a three-month escrow and countless negotiations with the lenders, escrow closed with a sales price of $860,000 ($26,875 per unit).

The buyer, Catalina by Bakerson, LLC, was represented by Rich Rose with Praedium Advisors from Phoenix, AZ.

In a separate transaction, Robertson assisted both the sell and buy the former Tucson Automotive Center to Central Collision Center at 2420 & 2430 N Palo Verde Blvd. in Tucson for $295,000 ($46 PSF) in the Central Tucson submarket.

“The location at 2420 & 2430 N. Palo Verde Blvd was an ideal location for Central Collision Center to expand their exotic car renovation division,” said Kevin Styer, President of Central Collision Center. “Central Collision Center’s new location consists of 6,373-square-feet in two buildings.  One of the buildings is retrofitted with mechanical lifts ideal for mechanical repairs and the second building is perfect for the fine details needs to put the final polished touch to our client’s collectable automobiles.”

“After a short tenant improvement build out period, Central Collision Center is ready for their clients,” said Robertson.

Robertson, as a CCIM specialized in multifamily, has earned the internationally recognized professional designation that signifies expertise in commercial investment real estate.

For more information, Robertson should be reached at 520. 284.9572.

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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 Bank.

Carroll told us, the seller, Canyon Community Bank, occupied an anchor space in the center for its mortgage office. Canyon recently vacated this space and leased it to Enterprise Car Rental. Additional tenants in the Plaza include First Impression Security Doors, Sports Buzz, 5 Star Electronics and coming soon Celebrity Tanning to bring it to 100% occupancy.

The 8,327-square-foot retail plaza is of masonry construction, built in 2004, and located between Ina Road and Orange Grove on Thornydale in front of Costco, Home Depot, Savers, and Sportsman’s Warehouse and many other big box tenants nearby, within a retail hub for Marana, Arizona.

This is the first Tucson area investment for the buyer who was introduced to the property by Carroll without it being on the market for sale.

In a separate transaction, the investor, Thornydale Plaza, also acquired 47,810-square-feet of adjoining land for parking expansion and a car wash to be leased by Enterprise Car Rental. Debbie Heslop of Volk Company in Tucson represented the seller, BOKF, N.A. in this transaction and Carroll represented the buyer.

For more information, Carroll should be reached at 520.577.1000 and Heslop can be contacted at 520.326.3200.

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[mepr-show rules=”58038″]Sale date: 12/14/2016. Property sold at a 7% cap rate. Lease rate ranged from $18-$20 / SF / NNN and $5.34 triple nets. Traffic count: 31,000 VPD on Thornydale. The vacant lot sold for $170,000 ($3.56 PSF). Sale date: 1/17/2017. It was an REO sale. [/mepr-show]

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 Arizona.

ADP has leased 49,543-square-feet on two floors of the company’s signature facility at 5451 East Williams Blvd. in Tucson. That sold at the end of the year along with 5431 E Williams Blvd for $13.85 million ($144 PSF) to an affiliate of the Decurion Corporation based in Los Angeles, California, parent company to Pacific Service Company.

The seller was WCCP Williams Tech, LLC of Torrance, California (Phil Skillings, member) that acquired the two properties in September 2016.

At a news conference during a ribbon-cutting ceremony, ADP CEO Carlos Rodriguez praised the company’s partnership with state and city officials to create the kind of environment conducive to ADP’s ongoing growth.

“I’m quite pleased with the collaboration between the State of Arizona, the City of Tucson and ADP that has helped us create these new jobs in Tucson and 1,500 additional new jobs in Tempe,” said Rodriguez. “ADP is all about helping our clients succeed, and I’m delighted that the people of Arizona will be playing key roles in helping us do that.”

Tucson Mayor Jonathan Rothschild and Sandra Watson, president and CEO of the Arizona Commerce Authority, joined company executives and associates during a ribbon-cutting celebration in Tucson this past week

“I’m delighted that ADP has chosen to increase its presence in Tucson, a city with a talented workforce that is focused on helping companies like ADP succeed in meeting the needs of their clients,” said Mayor Rothschild.

Watson echoed those remarks.

“ADP’s impressive growth in our state emphasizes Arizona’s competitiveness in meeting the needs of business and providing jobs for our citizens,” said Watson. “Under Governor Ducey’s leadership, the Arizona Commerce Authority and our partners are proud to support ADP’s continued success in both Tucson and Tempe.”

The Tucson facility is a sales location, where associates help clients and prospects find the right payroll, HR and human capital management solutions for their business needs.

Among the talent ADP is seeking to attract to its Tucson facility: Associates who reflect the diversity inherent in the clients ADP serves; graduates of the University of Arizona, especially those from the Eller School of Business, and veterans and military spouses given the presence of Davis-Monthan Air Force Base in Tucson, among others.

“We need to match the diversity in the marketplace with diverse sales talent and expertise, and Tucson is rich in highly educated, diverse talent,” Rodriguez said. The company also said it has been impressed with graduates it has met from the Eller School of Business and the University of Arizona.

ADP also has a valued team of more than 1,000 veterans who work at the company.

“We’ve learned through experience that veterans have demonstrated strong leadership skills, strong resiliency, and a wonderful ability to work as team players to get things done,” Rodriguez said. “Those are exactly the kinds of skills we need.”

Veterans at ADP have come from all branches of the military and served in every major conflict since Vietnam. The company currently employs 56,700 associates globally.

ADP is a comprehensive global provider of cloud-based human capital management solutions that helps companies build better workforces by uniting HR, payroll, talent, time, tax and benefits administration. The company is a leader in business outsourcing services, analytics, and compliance expertise. ADP serves more than 640,000 clients of all types and sizes in 111 countries around the world, and pays one in six workers in the United States (26 million people) and 13 million wage-earners elsewhere.

People interested in applying to work at ADP in Tucson can visit jobs.ADP.com.

ADP has long been recognized as a valued employer. Recent accolades have included:

• One of the “100 Best Companies for Working Mothers” as recognized by Working Mother® magazine.
• One of the “50 Best Companies for Diversity” as recognized by Black Enterprise® magazine in partnership with the Executive Leadership Council.
• One of the “50 Best Companies to Sell For” as recognized by Selling Power® magazine.
• One of the “Best Places to Work in IT” as recognized by Computerworld® magazine.