Orange Grove I-10 Plaza One Lot from being “Sold Out” with these Recent Sales

MARANA, Arizona – Arizona Restoration Pros of Tucson (Paul Redman) purchased lot 9, a 24,059-square-foot lot, at Orange Grove I-10 Plaza for $140,745 ($5.85 PSF).

The buyer plans to use the site for future construct of a building to be owner occupied by Arizona Restoration Pros, a company specialized in commercial and residential property fire and water damage restoration.

The seller, Orange Grove & I-10 Industrial Partners, LLC of Tucson (Dennis Winans, member) was represented by Gordon Wagner of NAI Horizon Tucson and the buyer was self-represented.

To learn more, see RED Comp #6799

October Winds, LLC of Tucson (Jeff O’Neill, manager) bought lot 8 at Orange Grove I-10 Plaza. The 24,168-square-foot lot sold for $141,500 ($5.85 PSF).

The buyer owns the adjacent property at 6126 N Travel Center Drive doing business as Affordable Fence and Gates and purchased property for business expansion.

Ron Zimmerman with Cushman & Wakefield | Picor represented the buyer and Gordon Wagner represented the seller Orange Grove & I-10 Industrial Partners, LLC the developers of the industrial park.

Located at the southeast corner of I-10 and Orange Grove, these twenty half-acre industrial lots deliver highway visibility that makes them ideal for industrial and retail users. First platted in 2003, the project was brought to market just in time for the slow-down of the great recession and now have sold all but one remaining lot being marketed by Gordon Wagner at NAI Horizon.

For more information, Gordon Wagner can be reached at 520.326.2200 and Ron Zimmerman is at 520.546.2755.

To learn more, see RED Comp #6875.

 




Weingarten Realty Investors Sells Laveen Shopping Center

Laveen Village Marketplace

PHOENIX, Arizona – On behalf of Weingarten Realty Investors, the capital markets team of Ryan Schubert and Michael Hackett of Cushman & Wakefield successfully closed the sale of Laveen Village Marketplace. A confidential buyer acquired the Fry’s Food & Drug anchored shopping center from Houston-based Weingarten Realty Investors.

Laveen Village Marketplace is a 39,763-square-foot (sf) retail center, located at the northeast corner of 51st Avenue and Baseline Avenue in Laveen, Ariz. Anchored by a Fry’s Food & Drug, the leading grocer in the Phoenix market, the center is currently 100% leased to Chipotle, Wing Stop, Jersey Mikes Subs, Med Post Urgent Care, Starbucks, and includes a McDonald’s and Wells Fargo on outparcels.

Hackett commented, “Laveen Village Marketplace offers a daily needs shopping center with top tier tenants and a premier grocery anchor in Arizona.”




Water Back in the Santa Cruz River is a Big Deal in Tucson

TUCSON, Ariz. — After two years of work, Tucson Water kicked off the Santa Cruz Heritage Project yesterday.   The river has been dry since the 1940s when excessive groundwater pumping lowered the water table and depleted the river’s source, but that’s all about to change.

Tucson Water held the official Santa Cruz River Heritage Project Release Party Monday afternoon in conjunction with the 22nd Annual El Día de San Juan Fiesta, an annual celebration of the coming monsoon rains and the feast day of St. John the Baptist, the patron saint of water and the biblical figure who baptized people in another desert river on the other side of the world.

“We are taking it from where we have been discharging it up near Marana and the Santa Cruz River, and we’re moving some of it to discharge it further down stream closer to downtown,” Public Information Officer with Tucson Water James McAdam said.

The Santa Cruz River Heritage Project will introduce a ribbon of flowing water to the Santa Cruz River south of downtown; offering bike riders, joggers, walkers, and equestrians along the downtown section of The Loop trail improved river conditions and flowing water to admire.

The project adds up to 2.8 million gallons of recycled water daily (3,150 acre feet a year) to the Santa Cruz River at a point south of downtown near the heart of the city. This added water will bring perennial flow to this portion of the river, fostering abundant native vegetation and wildlife along with new recreational and economic opportunities.

Re-use of treated wastewater is one of Tucson’s most significant water conservation tools. This treated wastewater is referred to as reclaimed water, and represents about 10 percent of our water resources. Currently about half of Tucson’s reclaimed water is not used by customers and is discharged into the Santa Cruz River further downstream, near the city’s northwestern edge. The location of this discharge causes Tucson Water to lose physical and legal control of this valuable resource.

The Heritage project uses existing infrastructure to bring recycled water to this location for in-channel aquifer recharge and riparian habitat expansion in the Santa Cruz River. A 980-foot pipeline, called an outfall, will bring water from the reclaimed system down into the river channel where it will create a perennial flow; a narrow stream of water within the larger river channel. This purified reclaimed water re-enters our water system as groundwater recharge and percolates through the ground to enter the aquifer. Once in the aquifer this water is stored for later use, preserving the future resiliency of our local water system and supply.

For additional information, contact the Public Information and Conservation Office at 520.791.4331 or [email protected].