Tucson, Arizona – Larsen Baker, through its affiliate Broadway Investment Group, LLC et. al recently acquired the 86,500-square-foot shopping center located at 5355-5455 E Broadway Blvd. in Tucson, Arizona for $14,900,000 ($170 PSF). The purchase includes two future drive thru building locations: a Starbucks Coffee currently under construction, and a future to be named restaurant with construction starting later in the year.
The shopping center will undergo an exterior renovation and rebranding to Broadway Crossing. A new line up of retail tenants will open for business in 2022. Davis Kitchens and Sherwood Cabinets will have their retail showroom grand opening in the former Toys R Us building in January. Cycle Gear, the largest privately held motorcycle accessories retailer in the country, will open their 9,000-square-foot store in 2nd quarter 2022.
“We are excited to re-introduce this great retail corner to Tucson.” says Melissa Lal, Larsen Baker’s co-owner and President. “With new high energy restaurants, a new slate of retail stores, and a new look, Broadway Crossing will become another great shopping destination at the intersection.”.
The buyer was represented by Larsen Baker/Isaac Figueroa. The seller, SDR Associates, LLP was represented Jon Jump of JVI.
Figueroa should be reached at 520.296.0200 for more information.
To learn more, see RED Comp #9433.
