Amazon’s “Last Mile” Building in Tucson Sells as Net Lease Investment to New York Investors

TUCSON, Arizona – The Amazon Distribution building at 775 W Silverlake Road in Tucson in a net investment sale for $17.718 million ($358 PSF). The newly constructed 49,500-square-foot distribution center is located near I-10 and I-19 close to downtown Tucson for delivery vans.

Scanell Properties of Indianapolis, Indiana assembled the 17.3-acre parcel for Amazon in 2018 and then built the facility in 2019. The property is leased triple net to Amazon.

The investor, Silverlake NNN, LLC is an affiliate of Spitzer Engineering of New York (Michael Brunelli, manager).

Sun Corridor and the City of Tucson worked to bring the Amazon distribution building to the downtown area, in addition to the larger sister property of Amazon at the Port of Tucson and say this building was designed for what is called “the last mile” deliveries. Independent drivers come, pick up packages and take these from the distribution center to the door.

The City of Tucson building permits peg the cost of the Silverlake building to be over $4.3 million.

The listing broker was Douglas Longyear of Cushman & Wakefield in San Francisco. Edward “Teddy” Seber also with Cushman & Wakefield out of New York, represented the investor.

Tina Olson with Cushman & Wakefield | Picor has been retained locally to manage the investment for the buyer.

For more information, Longyear can be contacted at 415.677.0458.

To learn more, see RED Comp #7446.

PVB Fabrications to Build New Headquarters in Marana

Rendering – 8037 & 8041 West Tangerine Rd, Marana

Land Purchase and New Facility to Accommodate Growth of Nearly 170 Jobs

Marana, Arizona — PVB Fabrications, Inc. (PVB), primarily a multi-disciplined general contractor and provider of quality welding and fabrication services for the commercial, utility, government, heavy industrial and mining sectors, plans to expand its headquarters in Marana, Arizona, Sun Corridor has announced.

PVB has purchased 9.74 acres at 8037 and 8041 West Tangerine Road in Marana for $1.3 million ($3.06 PSF) and is planning the construction of a new corporate headquarters to consolidate operations into one location. The new facility will include a 15,000-square-foot administrative office building plus three separate 30,000-square-foot fabrication/production facilities.

PVB is currently located at 911 West Grant Road in Tucson and employs 375 people. The full expansion over 5 years will add an additional 169 jobs primarily in operations, project management, quality control, engineering, business development and finance. See REDaily News January 8, 2020 for full story.

Phase one of the new headquarters is scheduled to be complete by December 2020. The total capital investment over the next 5 years will be approximately $17 million, resulting in a total economic impact of $48 million.

Partners in the project include the Arizona Commerce Authority, the Town of Marana, the Pima Community College and the Small Business Development Center, PICOR, Randel Jacob Design Group, PLLC, Stewart Title, Eric Nadler, Esq. and Arizona First Properties.

“PVB’s new headquarters is a logical and necessary step in our business growth strategy. It provides the opportunity to further expand our operations and will increase our ability to serve current and future clients,” said Peter Van Bogaert, president, PVB.

“In addition to business attraction, economic development is about helping local companies like PVB expand,” said Joe Snell, president & CEO of Sun Corridor Inc. “Headquarter expansions such as this have a tremendous ripple effect across the entire economy. Their success is the entire region’s success.”

“We are thrilled to welcome PVB to north Marana,” said Mayor Ed Honea, Town of Marana. “Their employees’ diverse skills enable them to cross multiple disciplines and sectors that include quality welding and metal fabrications to electrical and instrumentation services. PVB’s projects span the entire southwest, we’re excited to have another quality business in the town and look forward to seeing them grow.”

“The economy in southern Arizona is thriving and we’re thrilled to see local companies like PVB growing and creating new jobs in the region,” said Sandra Watson, president & CEO of the Arizona Commerce Authority. “We congratulate PVB on its success and thank the company for continuing to invest in Arizona.”

“Retaining expanding businesses is a key economic growth strategy for our region, as is fostering and supporting high-wage manufacturing jobs. Congratulations to PVB on its planned move to a new facility. We wish them continued success and stand ready to provide them any assistance they may require to fill these new positions,” said Pima County Administrator Chuck Huckelberry.

“PVB’s success demonstrates how community colleges, SBDCs and economic development organizations like Sun Corridor Inc. can partner to grow business and create well-paying jobs,” said Dr. Ian Roark, vice president of workforce development & strategic partnerships, Pima Community College. “It takes a creative and passionate industry partner to make it work, and PVB is a model partner.”

“PVB has excelled as a company because of its core values with employees, vendors and customers. The company’s work reflects the high quality standard and leadership that Pete demands of both himself and his staff,” said Ellen Kirton, director, Pima Community College SBDC.

Tom DeSollar, EMS, with Arizona First Properties represented the seller, Marana Technology Campus, LLC (Doug Gratzer, managing member) and Rob Glaser, SIOR, CCIM, with Cushman & Wakefield | Picor represented PVB.

For more information, DeSollar should be contacted at 520.400.2732 and Glaser can be reached at 520.546.2707.

To learn more, see RED Comp #7411.

Building adjacent to Future Hotel & Casino site Bought by Pascua Yaqui Tribe

TUCSON, ARIZONA – The Pascua Yaqui Tribe of Arizona purchased a net leased office building at 911 West Grant Road in Tucson for $740,000 ($108 PSF).

The 6,840-square-foot building is leased to PVB Metal Fabrications (PVB) that recently purchased 9.74 acres of land at 8037- 8041 W Tangerine Road in Marana for $1.3 million ($3.06 PSF) to construct a new facility for consolidation of their manufacturing and offices. Watch for more to follow on this transaction tomorrow; Sun Corridor assisted with the site selection.

PVB will continue to lease the building at 911 West Grant while construction is underway in Marana.

The Grant Road property was purchased by the Tribe due to its location adjacent to a 14.38-acres designated into a trust with the Bureau of Indian Affairs. It is here that the city and tribe have a preliminary agreement for a proposed hotel and casino that would be located atop the old movie theater near I-10 and Grant.

In July 2019, the tribe and city entered into an Intergovernmental Agreement (IGA), which includes a set of stipulations for both parties, including for which city services the property would be eligible, and how the property would receive groundwater, should the development not be in compliance with city statues.

The process may take years or even a decade before being finalized. The IGA includes a 90-day alert to the adoption of a Tribal Resolution that green-lights any regulations or requirements needed to conduct gaming on the site. In addition to, Tribal leadership being required to notify the city one calendar year prior to opening a casino.

Tom DeSollar, EMS, with Arizona First Properties represented the seller, Archon Properties of Marana (Doug Gratzer, managing member) and Max Fisher with Cushman and Wakefield | Picor represented the buyer.

For more information, DeSollar should be reached at 520.400.2732 and Fisher can be contacted at 520.546.2709.

To learn more, see RED Comp #7419.