Tucson, Arizona – Tucson based Larsen Baker, through its affiliate Skyline Encantada Investors, LLC, has acquired the office buildings at 6041 N Campbell Avenue, located at the northwest corner of Skyline Drive and Campbell Avenue, formerly occupied by Bank of America. Larsen Baker will redevelop the 1980’s era buildings into new high-end office space. The project will be renamed skyCAM.
The sale price was $3.55 million ($300 PSF) for the 11,840-square-foot building, built in 1978, as a bank branch.
“We see the intersection of Skyline and Campbell as one of the top three intersections in all of Tucson.” said Melissa Lal, President of Larsen Baker. “With our recent redevelopment of adjacent Gallery Row so well accepted, we saw a similar opportunity to create beautiful and modern office space worthy of its prestigious address. We believe our renovation and repositioning program will attract companies that have been looking to relocate, but previously lacked viable luxury office options in the Foothills.”
The property redesign, renaming and rebranding will be completed in conjunction with the architectural design firm Repp + Mclain based in Tucson, Arizona. For information about leasing opportunities contact Melissa Lal at 520-296-0200 x 213.
To learn more, see RED Comp #8283.