TUCSON, AZ (December 18, 2025) — Larsen Baker, through its affiliate Gateway Center Associates, LLC, has acquired Gateway Center, a three-building office complex located at 930–950 North Finance Center Drive in East Tucson, near the intersection of Speedway Boulevard and Kolb Road.

The campus comprises approximately 129,000 square feet of office space situated on nine acres, offering a rare large-scale office configuration in the East submarket. The property previously housed GEICO Insurance’s Tucson operations from 2002 through 2020 and was reportedly well-maintained by its prior ownership.

Larsen Baker purchased the property for $2.7 million, equating to approximately $20.91 per square foot. The transaction reflects a value-oriented acquisition amid continued repositioning opportunities within Tucson’s office market.

Isaac Figueroa, CCIM, SIOR, of Larsen Baker represented the buyer in the transaction.

According to the firm, the partnership is evaluating multiple strategies to reposition the property, including use as a corporate headquarters, a multi-tenant office campus, a multi-owner office complex, or an adaptive reuse project. The site’s campus layout, building quality, and land area provide flexibility for a range of redevelopment or leasing scenarios.

“Larsen Baker is ready for the challenge to reposition Gateway Center into its next successful iteration,” Figueroa said. “The property is well built and was well maintained by its last owner. We like the property’s versatility and are excited to get to work.”

Figueroa and Lal can be reached at (520) 296-0200.

TUCSON, AZ (December 18, 2025) — Richard and Mary Werschky Family Trust, together with Graham Sutton, have acquired an approximately 25,200-square-foot warehouse property located at 625 W. Rillito Street for $1.8 million. Postcraft Co. was the seller of the property.

The sale reflects a price of roughly $71.43 per square foot and underscores continued investor demand for functional industrial assets in central Tucson, particularly those near downtown, Interstate 10, and established infill industrial corridors.

The warehouse is situated just west of downtown Tucson, an area that has seen renewed interest from owner-users and private investors seeking well-located industrial buildings with flexible use potential. Properties in this submarket benefit from access to major transportation routes, a growing labor pool, and limited availability of comparable industrial inventory.

Gary Emerson and Randy Emerson of GRE Partners, LLC represented the seller, Postcraft Co., in the transaction. Buyer representation was not disclosed.

Industrial sales activity across Tucson has remained strong in 2025, driven by sustained demand for small- to mid-size warehouse facilities, particularly those suited for distribution, service, or light manufacturing. The Rillito Street sale aligns with broader market trends favoring infill industrial assets with long-term value and adaptability.

GRE Partners, Gary and Randy Emerson, can be reached at 520.777.4949 for more information.

Source: RED Comp #12224

TUCSON, AZ (December 17, 2025) — A newly constructed, single-tenant Mister Car Wash located at 7471 South Houghton Road has sold for $5.075 million, reflecting continued investor demand for net-leased, single-tenant,  service-oriented retail assets in Tucson’s growing Southeast submarket.

The 5,363-square-foot drive-thru car wash, completed in 2024, sits on 1.32 acres at the intersection of Houghton Road and Valencia Road. The transaction closed on November 26, 2025, at approximately $946 per square foot, underscoring the premium investors place on newly delivered properties leased to strong, nationally recognized operators.

The seller, CWPS Corp – Tucson, an affiliate of Mister Car Wash, continues the company’s strategy of monetizing select real estate holdings while maintaining long-term operational control of its facilities. Mister Car Wash is headquartered in Tucson and is one of the largest car wash operators in the United States, with a broad national footprint.

The buyer, Skyline Principal Investors LLC, is based in San Francisco and focuses on newer, mission-critical retail assets in high-growth Sun Belt markets. The acquisition aligns with the firm’s emphasis on durable cash-flow investments supported by established brands.

The property was in excellent condition and features a modern, full-service drive-thru car wash. The site benefits from strong traffic counts, nearby residential growth, and proximity to expanding retail and employment nodes in Southeast Tucson.

John Lai, CEO of Mister Car Wash, represented the seller internally in the transaction.

Source: RED Comp #12211