Mixed Use Project including Multifamily and Retail Space Planned for Site

Phoenix,  Arizona  – Sunbelt Land Holdings, L.P. of San Diego has purchased 36 acres at the northeast corner of Interstate 10 and Bullard Road for $6 million ($166,666 per acre).  The developer plans to build a mixed-use project on the site that will include multifamily and retail space.

“Goodyear and other West Valley cities are experiencing remarkable population and business growth,” says Brian Woods of Colliers International in Arizona.  “This site is ideally situated adjacent to a full diamond interchange of Interstate 10 and surrounded by noteworthy retail, hospitality and corporate establishments. The developer is actively seeking retailers and restaurants interested in establishing a presence at this location.”

Brian Woods and Tom Woods of Colliers International in Arizona represented the seller, RP Palm Valley LLC, a corporation led by Sunbelt Holdings of Scottsdale.  The Woods duo also represented Sunbelt Land Holdings, which is led by local real estate veteran, Todd Holzer.  Brian and Tom Woods will serve as exclusive leasing agents for the new project.

The 36-acre site is situated immediately next to another vacant parcel that will be the future site of a Drury Hotel.  A Lifetime Fitness facility is situated immediately to the north of the property.  The site is less than a mile south of one of the Valley’s leading charter schools, a Great Hearts Academy.  Palm Valley Pavillions West and Goodyear Centerpointe are situated to the east and west of the property.

Public-Private Partnership hoped to bring lodging, dining, retail to tournament sports site

PIMA COUNTY – As construction of 20 pickleball courts and 12 professional quality multiuse fields progresses at the 170-acre Kino South Sports & Entertainment Complex, at Benson Highway and Kino Parkway, the County Feb. 1 asked for statements of interest from the nation’s development community to build lodging, dining, retail and sports entertainment facilities on more than 20 acres of the complex.

The existing Kino Sports Complex currently attracts an estimated 275,000 people a year to sporting events, concerts, and community fairs and carnivals. It also hosts every February one of the largest gems shows as part of the massive, citywide, multi-show Tucson Gem and Mineral Show. As many as 10,000 people a day attend the Kino gem show over the course of the two-week show.

Interest in the expansion south of the freeway has spread around the country with youth sports and college sports leagues already lining up to book the new fields once completed early next year.

Because of the current success of Kino and overwhelming interest in the expansion, county officials believe commercial development at the complex that includes lodging, dining and retail will not only be successful, but symbiotic, with each supporting the success of the other.

“Easy access to both Interstate 10 and Interstate 19, and proximity to Tucson International Airport make the location highly attractive for drawing regional and national sports tournaments. The Kino South Project also ties in well with other development projects in the area, creating a synergy of economic development activity. The University of Arizona Tech Park at the Bridges, and Tucson Marketplace at the Bridges developments northwest of the Kino site are complimentary economic drivers in the area,” the statement of interest states.

By expanding Kino Sports Complex, the county is developing what will be one of the largest and best sports tournament and entertainment facilities in the country. The existing 155-acre complex straddles Ajo Way between Kino Parkway and Country Club Road and features an 11,000-seat baseball stadium, a 3,000-seat bleacher stadium, an indoor events center that includes basketball courts and a pool, seven baseball fields, and 10 multiuse long fields. Originally built as Major League Baseball Spring Training complex, all of the existing fields were built to MLB’s exacting professional standards and have been maintained that way by the county as the facility was transformed into a sports tournament and entertainment complex.

The new fields will be equal to the quality of the existing fields, and the pickleball courts will be tournament quality and one of the largest such facilities in the West.

The commercial properties would be on the west side of the project with access to Kino Parkway. The Arizona Department of Transportation is expected in the next five years to expand and redevelop Interstate 10 between Interstate 19 and Kolb Road, which would include rebuilding the Kino Parkway and Country Club Road interchanges and potentially create direct access to the complex from the parkway interchange. The county, as part of that construction, would also work with ADOT to build a tunnel under the interstate to directly connect the South Complex with the existing facilities north of the interstate.

Future plans for developing the South complex include a 10,000-seat stadium to host soccer, football and rugby matches, a 5,000-seat outdoor amphitheater, and public entertainment facilities such as a water park or an ice rink. Once completed, no other facility in the Western United States will compare to the number and diversity of facilities, supporting amenities such as thousands of parking spaces, and field quality.

Interested companies can submit their statements by March 22 to:
Neil J. Konigsberg
Real Property Services Manager
201 N. Stone Ave., 6^th Floor
Tucson, AZ 85701-1215
520-724-6582
[email protected]

Cushman & Wakefield of Phoenix sells 20,937 SF retail building

PHOENIX, Arizona – Cushman & Wakefield completed the sale of Hobby Action at Chandler Pavilions II, located at 865 N. 54th Street in Chandler, Ariz. Chandler Pavilions, LLC of Chandler purchased the property from MDI 54, LLC of Encino, Calif. for $1.9 million.

Chris Hollenbeck and Ryan Schubert of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller.

Hobby Action is a 20,937-square-foot single-tenant retail building located within the Chandler Pavilions II retail center. At the time of sale the property was 100 percent leased and is situated right off the I-10 freeway surrounded by national and local retailers including Potato Barn, Bounce A Rama, Pei Wei, Zoe’s Kitchen, Nekter, Ulta Beauty and Sur La Table.

“We are excited to help MDI with their breakup strategy for Chandler Pavilions II, and are ready to take to market the outer parcel in front of Hobby Action which includes Starbucks, Subway, and Rumbi as tenants,” said Chris Hollenbeck.