ORO VALLEY, Ariz. – Miles Labeling Company (Paul J. Miles, president) purchased the building at 2300 E Vistoso Commerce Loop in Oro Valley recently for $1.125 million ($95 PSF) from Anthem Equity Group.

Miles Labeling Company is a 107-year-old printing business that lost its building on North Business Park Drive, near Cortaro Road and Interstate 10, when it suffered significant fire damage on April 17th. The building had been the company’s home office since 1985, leaving the company to deal with insurance companies to see what their next steps would be.

From its humble beginnings in an Iowa garage to today’s modern industrial plant in Tucson, Miles Label Co., Inc. remains a family business. When Russell Hubert Miles began running a printing operation out of his Des Moines garage in 1912, he started a family legacy that lives on a century later. By 1930, he and his son Paul Wilson Miles, were printing labels and creating such specialty items as policy labels and business forms for insurance companies. Paul Wilson Miles, Russell’s son, began doing gum labels for the insurance industry in the 1930s and now they are doing almost any kind of label and packaging products for a variety of industries. Paul Wilson and his son Robert H. Miles moved the business to Tucson, Arizona in 1962 and in 1967 the first Mark Andy label press was brought online and its current manufacturing started.

The new 11,800-square-foot building, built in 1980, sits on 1.84 acres with an 8,400-square-foot warehouse and 3,400-square-feet of office space.

Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | Picor, represented the seller in the transactions. John Slattery and Jesse Blum, both Senior Associates with CBRE in Tucson, represented the buyer.

For more information, Blum and Slattery should be reached at 520.323.5100. Glaser and Fisher can be contacted at 520.748.7100.

To learn more, see RED Comp #6807.

image_print