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Galerias Magelos Buys First U.S. Location In Tucson

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  • 2013 Q2 Sales Archive
  • Galerias Magelos Buys First U.S. Location In Tucson
2013 Q2 Sales Archive
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May 2, 2013
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Karen Schutte
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3640 s campbellThis article has been archived, please login for access or sign up now for a free trial.

Manuel German dba Galerias Magelos of Hermossillo, Mexico purchased a property across the road from The Bridges at 3640 S Campbell Avenue in Tucson for its first US location. The 10,000 sq. ft. building was purchased for[mepr-show rules="58038"]$520,000 ($52 PSF) from Duffy Warehouses, LLC of Tucson (Gary Duffy, manager).

Galerias Magelos, a Mexican furniture store, will expand operations at the property as a showroom / warehouse. Following in the steps of its sister business, Galerias Magelos that has been in business for about 15 years in Hermosillo, the Tucson store will be its second store for furniture imports / sales and interior decorating services for clients. German has been an interior decorator for about 15 years.

The property sold leased to Olde Inke, a media and data storage depot, that will remain in place until June when its lease is up and the new owner can begin tenant improvements. The new store opening is anticipated for sometime this Fall.

Ed Henne of Long Realty in Tucson represented the seller in the transaction and Gary Best of KW Commercial and Luz Moreno of Keller Williams Southern Arizona represented the buyer.

Contact Henne at (520) 918-5989. Best and Moreno can be reached at (520) 615-8400.[/mepr-show]

 

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