TUCSON, Arizona — Brenna Lacey of Volk Company represented La Jolla Verde Land Holdings, LLC in the sale of 17.7 acres of land at the southeast corner of Old Nogales Highway and Abrego Drive in Sahuarita, Arizona to FAE Holdings 461354R, LLC. The purchase price was $3.5 million ($4.54 PSF).
The new grocery anchored shopping center called The Crossing at Sahuarita is planned at the site, for a 2018 opening, to be developed by Wadsworth Development Group and Accelerated Development Services.
Sahuarita is located south of the Tohono O’odham Nation and abuts the north end of Green Valley, 15 miles south of Tucson. The population was 25,259 at the 2010 census. This growing retail hub across from Walmart Supercenter, Ross, Big Lots, Jo-Ann Fabrics, Petco, Wells Fargo, Walgreens, Bank of America, 99 Cent Only and other national retailers. All conveniently located near a full diamond interchange at I-19 and Duval Mine Road.
The groundbreaking and anchor announcement is expected in the next 60-days.
Darren Pitts of Velocity Retail Group in Phoenix represented the buyer in the sale transaction.
Brenna Lacey and Kevin Volk of Volk Company in Tucson and Velocity Retail Group’s Brian Gast, Dave Cheatham and Darren Pitts will handle leasing of the inline shops at the new center.
For additional information and for leasing, Lacey and Volk should be reached at 520.326.3200. Gast can be contacted at 602.682.8155, Cheatham at 602.682.6060 and Pitts is at 602.682.6050.
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