Tucson, AZ. (January 15, 2025)  – Larsen Baker, through its affiliate Campbell Hedrick Associate Developers, LLC, has acquired the former Fabrics That Go building located on Campbell, south of Fort Lowell, at 3105 N Campbell Ave., Tucson, Arizona, for $1,600,000 ($44 PSF) for the 36,258 square feet of C-1 land.

Larsen Baker plans to redevelop the site with a new retail building for a restaurant and other high-end retail users. More information will follow.

Esther Empens, with Tierra Antigua, represented the buyer, and Jim Buchanan, with EXP Realty, represented the seller.

For more info about the transaction and the development plans, Isaac Figueroa can be reached at 520-296-0200.

To learn more, subscribers should reference RED Comp #11657.

TUCSON, AZ (January 14, 2025) — 140 Alameda, LLC (Ezekiel Gebrekidane, manager)  has purchased .39 Acres at 140 E. Alameda Street, land with parking lot stall rentals, from De La Warr Investment Corporation ( Geoffrey Shepard, President).  Located northwest of Alameda Street and 6th Avenue, between Toole Ave and Alameda, in Downtown Tucson, the parking lot sold for $1.5 million ($88.30 PSF). 

The asset closed December 23, 2024 and the buyer will continue use as a parking lot.

Lori Casey and Nancy Gansline of Oxford Realty Advisors represented the buyer, and Ben Becker, Adam Becker, and John Ash of CBRE represented the Seller in this transaction.

For more information, Casey and Gansline can be reached at 520.232.0200, Ben Becker is at 520.323.5149, Adam Becker at 520.323.5188, and John Ash at 520.323.5177.

To learn more, subscribers should reference RED Comp #11679.

GREEN VALLEY, AZ (January 10, 2025) — A 2.55-acre parcel of CB-2 land at 3140 S. Prosperous Place in Green Valley sold for $465,000 ($4.18 PSF)

 The Florida buyers bought the 40-bed assisted living facility across the street in 2023. They will use the land for extra parking now and plan to expand it into a 40-bed behavioral health residential facility, in the future.

Gordon Wagner of NAI Horizon represented the seller, The Retreat at Santa Rita Springs (Mike Naifeh, manager).

The buyer, KLM Holdings (Kembra Marshall, manager) was represented by Mark Biery, CCIM, a specialist in Senior Housing with ‎Berkshire Hathaway Commercial Real Estate.

For more information, Wagner can be reached at 520 398 5130, and Biery is at 520.235.2531.