Brentwood Development Company of Rocklin, California purchased approximately 40,000-square-feet of land from Smith’s Food Drug Centers, dba Fry’s Food & Drug Stores. The purchase price was $425,000 ($10.63 PSF).
Brentwood Development plans to develop new retail, the Shoppes at 1st & Roger, a 10,200-square-feet of shop space adjacent to the existing 74,176-square-foot Fry’s Food & Drug Store built in 1987 at the northeast corner of 1st Avenue and Roger Road in Tucson.
Craig Finfrock of Commercial Retail Advisors, LLC represented the developer, Brentwood Development Company and the seller, Smith’s Food Drug Centers, Inc, represented itself in this transaction.
Commercial Retail Advisors is handling the leasing assignment for Brentwood Development. Construction is scheduled to begin in March 2016, with an estimated completion date of October 1, 2016.
Commercial Retail Advisors, founded in 2001, specializes in the leasing and sales of shopping centers and retailer tenant representation throughout southern Arizona. For more information, please contact Craig Finfrock of Commercial Retail Advisors at (520) 290-3200 or visit their website at www.cradvisorsllc.com.
To learn more, see RED Comp #3672.