Continental Ranch Development (Greg Wexler) sold two lots in two separate transactions recently at Continental Ranch in Marana.
Lot 13 at Continental Ranch Retail will be used for construction of a new Dunkin Donuts store. The 25,819-square-foot pad sold for $400,000 ($15.49 PSF). Dunkin Donuts broke ground this week.
Rick Borane of Volk Company in Tucson represented the buyer, CPG Cortaro Retail, LLC of Chandler, AZ (Aaron Klusman, Manager).
The second transaction was for approximately 18-acres at The Links at Continental Ranch. Continental Ranch Development sold this piece to HSL Construction of Tucson (Omar Mireles, VP) for $3.7 million. The property features golf course and freeway frontage. HSL intends to construct a 300-unit Encantada Apartment complex on this site.
We reported last April on two new Encantadas HSL was construction in Oro Valley and at Dove Mountain click here to see complete story https://realestatedaily-news.com/?p=130
Mireles told us that the Dove Mountain Encantada with 272-units was completed in January and is ready for full lease up. The Oro Valley 288-unit Encantada will have clubhouse and first building completed by April and is anticipated to be ready to start leasing in July this year.
Michael Sandahl and Wyatt Campbell of CBRE in Tucson represented the buyer and Greg Wexler also a broker with Wexler & Associates represented the seller.
Sandahl can be reached at (520) 323-5115; Campbell is at (520) 323-5173. To reach Wexler, call (520) 744-8500. Borane can be contacted at (520) 326-3200.
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[mepr-show rules="58038"] Lot 13 sold 2/7/2014. All cash deal. APN: 221-05-283 and common area. Block 3 sold 3/6/2014. All cash deal. APN: 221-05-212.[/mepr-show]