Chapman Management Group Facilitates Sale of Grease Monkey Building

TUCSON, AZ (October 17, 2025) — A fully leased triple net investment property at 3355 E Speedway Blvd in Tucson has sold for $1,550,000 ($968 PSF) to Chino Valley-based, 3311 Union, LLC. The property includes a 1,601-square-foot building featuring two drive-thru bays and an adjacent parking lot parcel.

The tenant, the nation’s largest Grease Monkey® franchisee, recently executed a new 15-year absolute NNN lease and operates more than 30 locations across Arizona, Colorado, and Texas.

The Absolute NNN-leased investment property sold to 3311 Union, LLC, of Studio City, CA. The property featured two drive-thru bays and an adjacent parking lot parcel. Tenant recently signed a new 15-year lease and is the largest Grease Monkey® franchisee in the United States, currently operating over 30 locations in Arizona, Colorado, and Texas.

Erik Chapman, CCIM, CPM, and Nick Travassos, MRED, CCIM of Chapman Management Group, LLC represented the seller, Niceland Investments, LLC. The buyer is an affiliate of Sands Investments Arizona, LLC, and was self-represented.

For more information, Erik Chapman can be reached at 520.867.8899, and Nick Travassos at 520.867.8438.

Source: RED Comp #12145

Phoenix-area seniors housing community, Inspira Arrowhead, trades hands

JLL’s Senior Housing Capital Markets team led the sales and financing efforts for Inspira Arrowhead, a 165-unit community in Glendale, Arizona

PHOENIX, (Oct. 17, 2025) –  JLL Capital Markets announced today that it has closed the sale of Inspira Arrowhead, a 165-unit seniors housing community in Glendale, Arizona.

JLL’s Senior Housing Capital Markets team represented the seller, a fund managed by affiliates of Fortress Investment Group (“Fortress”), and procured the confidential buyer. The firm also arranged non-recourse acquisition financing for the buyer through a regional bank. The buyer has retained Cogir Senior Living to continue operations at the property.

Inspira Arrowhead is located on a 14.2-acre site at 20240 N 78^th Ave. in the prestigious Aspera master-planned development. The surrounding area, which boasts a population of more than 24,000 residents aged 65 and older and a median home value of $564,000, is highly amenitized. It features major retail, dining, and entertainment options, including The Village at Arrowhead, Arrowhead Town Center, and the Bell Road Retail Corridor, all nearby. Additionally, the property is about 30 minutes north of downtown Phoenix and is easily accessible via Highway 101.

Completed in 2019, Inspira Arrowhead features independent living, assisted living, and memory care services within a three-story, Class A building. The property is 90.9% occupied and offers on-site amenities, including various dining options, a theater, fitness center, pool, salon and barbershop, dog park, social outings, bocce ball, and more.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge deliver best-in-class solutions for clients — whether in investment sales and advisory, debt advisory, equity advisory, or recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

University of Arizona Center for Innovation Executive Director Casey Carrillo Appointed as Board Member for Oro Valley Chamber

Tucson, Ariz (October 17, 2025) — The University of Arizona Center for Innovation (UACI) is proud to announce that Executive Director, Casey Carrillo, has been appointed to the Greater Oro Valley Chamber of Commerce board of directors.

Carrillo has long been committed to driving innovation across Southern Arizona. Her dedication is evident through her previous roles at the University of Arizona’s McGuire Center for Entrepreneurship within the Eller College of Management and the Office of Digital Learning. In her current leadership role at UACI, Carrillo continues to build strong regional partnerships and foster the growth of scalable science and tech startups that fuel Arizona’s economy.

The Oro Valley Chamber has been an impactful partner for UACI’s mission. Multiple Sponsored Launch programs with the chamber have provided support and sponsorships for science and tech startups based in the region. Additionally, since its opening in 2020, the UACI at Oro Valley outpost has proved to be a vital innovation hub for the community with offices, collaboration spaces, and a shared biotech laboratory.

“I look forward to serving on the Oro Valley Chamber board”, shares Carrillo, “Innovation thrives where collaboration exists, and I’m excited to help strengthen the ties between startups, established businesses, and community partners throughout the region.”

Carrillo’s appointment aligns seamlessly with the chamber’s mission to cultivate a vibrant economic region by empowering and uniting the Greater Oro Valley business community—an effort she has long supported through her work with UACI and regional innovation initiatives.

“Casey’s passion for innovation and regional collaboration makes her a valuable addition to our board,” said Kristen Sharp, President and CEO of the Greater Oro Valley Chamber of Commerce. “Her experience and leadership will be instrumental as we continue working to strengthen and support the local business ecosystem.”