TUCSON, AZ (December 18, 2025) — Larsen Baker, through its affiliate Gateway Center Associates, LLC, has acquired Gateway Center, a three-building office complex located at 930–950 North Finance Center Drive in East Tucson, near the intersection of Speedway Boulevard and Kolb Road.
The campus comprises approximately 129,000 square feet of office space situated on nine acres, offering a rare large-scale office configuration in the East submarket. The property previously housed GEICO Insurance’s Tucson operations from 2002 through 2020 and was reportedly well-maintained by its prior ownership.
Larsen Baker purchased the property for $2.7 million, equating to approximately $20.91 per square foot. The transaction reflects a value-oriented acquisition amid continued repositioning opportunities within Tucson’s office market.
Isaac Figueroa, CCIM, SIOR, of Larsen Baker represented the buyer in the transaction.
According to the firm, the partnership is evaluating multiple strategies to reposition the property, including use as a corporate headquarters, a multi-tenant office campus, a multi-owner office complex, or an adaptive reuse project. The site’s campus layout, building quality, and land area provide flexibility for a range of redevelopment or leasing scenarios.
“Larsen Baker is ready for the challenge to reposition Gateway Center into its next successful iteration,” Figueroa said. “The property is well built and was well maintained by its last owner. We like the property’s versatility and are excited to get to work.”
Figueroa and Lal can be reached at (520) 296-0200.
