4th Quarter Sales

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Fiesta Plaza Retail Strip Center in South Tucson Sells for $3.7 Million

TUCSON (January 23, 2024) – Fiesta Plaza Strip Center at 5550, 5650 & 5680 S 12th Avenue in Tucson sold for $3.7 million ($114 PSF). With 22 retail spaces, the center was 95% occupied when it sold. Built in 1998, the 32,400-square-foot center in three buildings is on 3.67 acres. Tenants included La Bella China […]

Fiesta Plaza Retail Strip Center in South Tucson Sells for $3.7 Million Read More »

Joint Venture between Altera and Virtus Acquires Tucson Medical Outpatient Portfolio for $43.23M

TUCSON, AZ (January 17, 2024) – Newmark announced the joint venture equity placement to acquire a four-property medical outpatient portfolio in Tucson from Healthcare Trust of America for $43.23 million ($201 PSF). Newmark was engaged by Dallas-based Altera Fund Advisors, which acquired the portfolio through a newly formed joint venture with Austin-based Virtus Real Estate

Joint Venture between Altera and Virtus Acquires Tucson Medical Outpatient Portfolio for $43.23M Read More »

Ventana Medical Systems / Roche Buys Expansion R&D Facility for $25 Million

ORO VALLEY, AZ (January 12, 2024) — Ventana Medical Systems, Inc., owned by Roche Tissue Diagnostics, purchased the Pharmaceutical R&D Facility at 2090 E Innovation Park Dr. for $25 million ($222 PSF). The 112,500-square-foot facility on 11.54 acres was previously Icagen’s ultra-high-throughput biology, screening, and chemistry research facility after Icagen bought Sanofi in 2016. Roche

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