TUCSON, ARIZONA (December 23, 2022) — HSL Gladden Farms Crossroads Block 3, LLC an affiliate of HSL Properties, Inc. of Tucson (Omar Mireles, President) closed on +/- 22 acres known as Block 3 of The Crossroads at Gladden specific plan in Marana. The purchase price was $6,349,058 ($288,594 per acre).
The parcel is located just north of the highly visible corner of Tangerine Road and Clark Farms Boulevard in north Marana. The parcel was sold by the developer Tangerine 2021, LLC an affiliate of Crown West Land Group of Tucson (Dean Wingert, Vice President).
The Crossroads at Gladden masterplan has been the hub of new industrial and commercial activity in addition to the large ongoing residential development at the Gladden Farms master-planned community next door. HSL previously purchased a 17-acre parcel and a 58-acre parcel within Gladden Farms in 2021 and 2022 respectively and both in close proximity to this new acquisition.
Block 3 of Crossroads will be planned and held for future multi-family development. Gladden Farms is a 1,350-acre master planned community in northern Marana, just west of Interstate 10 between Tangerine and Moore Roads. The masterplan has been documented as one of the top performing communities in the Tucson area for years and is home to 6 home builders - Meritage Homes, Richmond American, Lennar, Pulte Homes, KB Home, and Mattamy Homes.
Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction that closed on December 15, 2022.
“This is another strategic acquisition by HSL Properties. HSL continues to be extremely proactive in their approach to future development in this north Marana area. It is an excellent parcel. The Gladden Farms/Crossroads area has become a very busy address for new industrial, employment, retail, and residential development and will be for some time.”
For more information, White and Carroll should be reached at 520. 514.7454.
To learn more, see RED Comp #10370.
