McMahon Sells for $5M to be Rebranded Synergy Plaza

Former McMahon's Steakhouse — Former McMahon’s Steakhouse

A local investment group formed by Kristian Gose, Synergy Plaza LLC, purchased the former McMahon Plaza in Tucson. Located at 2941-2959 N Swan Road and 4626-4646 E Fort Lowell Road, the property sold in an REO sale from Western Alliance Bank for $5 million ($106.53 PSF).

The 46,933-square-foot mixed-use property includes office, retail and restaurant space. The project will be rebranded as “Synergy Place”.

The former McMahon’s Prime Steakhouse restaurant will be converted into office use, and the other on-site office buildings are to remain as such.

Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | Picor, represented the investors and Mike Sandahl and Buzz Isaacson with CBRE in Tucson represented the seller in the transaction.

Cushman & Wakefield | Picor will manage the property for the new owners.

For more information Rodgers can be contacted at 520.546.2714 and Sandahl and Isaacson should be reached at 520.323.5100.

To learn more see RED Comp #3312.