TUCSON, AZ (January 9, 2026) — Foundation Building Materials, LLC has purchased 3.27 acres of I-1 light industrial land at 1551–1601 S. Freeway in Tucson. The transaction closed on December 31, 2025, for $975,000. Randy Emerson of GRE Partners, LLC represented both the buyer and the seller, Lowell P. Carhart and Miev Y. Carhart, in the transaction.
The property totals approximately 142,276 square feet and is located in Tucson’s South submarket.
The buyer will use it for parking and storage for now and hold it for development.
In a broader corporate backdrop, Lowe’s completed its acquisition of Foundation Building Materials (FBM) in October 2025 in an all-cash transaction valued at approximately $8.8 billion. Lowe’s said the deal strengthens its Pro-focused growth strategy by adding FBM’s distribution footprint and jobsite fulfillment capabilities for interior building products, expanding Lowe’s reach among professional contractors and large-scale project customers.
For more information, contact Randy Emerson at GRE Partners, LLC at (520) 777-4949.