TUCSON, AZ (October 9, 2025) — A vacant former Walgreens building at 9495 E. Speedway Blvd. has been acquired by Ace Hardware Stores, Inc. for $2,700,000 ($174.85 PSF), paving the way for a new Ace Hardware location in Tucson’s East submarket.

The seller was Speedway Crossing LLC, a California-based entity located in West Hollywood. The buyer, Ace Hardware Stores, Inc., lists its Tucson address at 7056 E. 21st Street. The transaction closed on September 23, 2025.

Built in 1995, the 15,442-square-foot freestanding retail building sits on 2.07 acres at the corner of East Speedway Boulevard and Harrison Road. The property was formerly operating as a Walgreens with a drive-thru.

The site, zoned C-1 Local Commercial, will be repurposed for Ace Hardware’s local retail expansion within the next few weeks.  The sale underscores the continued trend of national hardware and home improvement retailers backfilling former pharmacy and big-box sites in established neighborhood centers across Tucson.

Source: RED Comp #12107

SCOTTSDALE, Ariz. (Oct. 9, 2025) – Harvard Investments is proud to announce the successful sale of the final residential parcel within the Verde Trails master- planned community in Avondale, Arizona. The transaction marks a significant milestone in the development of this vibrant West Valley community.

The parcel consists of 110 single-family residential lots designed as a 6-pack cluster product on 45-foot by 55-foot lots, located at 107th Avenue and Broadway Road. The property was sold to Clayton Properties Group, Inc., doing business as Oakwood Homes, a respected builder known for quality and innovation.

Verde Trails now spans approximately 350 acres and includes 880± homes across a variety of lot sizes. A 6.5-acre commercial corner enhances the neighborhood’s retail offerings.

“The completion of this final sale in Verde Trails is a proud moment for Harvard Investments,” said Amy Weidman, Vice President of Development with Harvard Investments. “Oakwood Homes’ innovative cluster product will bring fresh energy and diversity to the community. Verde Trails has always been about thoughtful design, connectivity, and quality living. This final neighborhood continues that legacy.”

The community is distinguished by its interconnected parks and trail system, which serves as the backbone of Verde Trails. A multi-use trail connects the community to the broader City of Avondale trail network, providing residents with opportunities for walking, biking, and running. The central park corridor spans 9.5 acres, beginning with a 4.7-acre neighborhood park and extending to Broadway Road, creating seamless connections between neighborhoods.

Verde Trails features homes by nationally recognized builders, including Ashton Woods, Lennar, Shea Homes, Meritage Homes, and Pulte Homes, offering a wide range of designs and lifestyles for residents.

Ryan Semro and Bret Rinehart, with Scottsdale-based Land Advisors Organization, helped facilitate the sale.

“Harvard Investments celebrates the culmination of a thoughtfully designed and executed master-planned community that continues to thrive in the heart of Avondale,” Weidman said.

TUCSON, AZ (October 9, 2025) – Advosy Tucson Holdings (Brett Ray, manager) has purchased a 5,100-square-foot industrial building with fenced outdoor storage located at 1638 E. 18th Street in Tucson for $583,000 ($114.51 PSF) to owner-occupy for its home restoration business.

The seller was FAIC LLC (Darryl Dobras, manager), represented by Max Fisher of BRD Realty. The buyer, represented by Steve Beck of COBE Real Estate, plans to owner-occupy the property for a restoration business.

The freestanding office/warehouse is situated on a fully fenced 0.27-acre lot, offering secure yard storage, grade-level loading, and convenient access to South Kino Parkway and Interstate 10. Built in 1974 and recently updated, the facility includes two offices, a break room, restrooms, and warehouse space with a 12-foot clear height.

The sale reflects ongoing demand from small business owners seeking flexible industrial space with secure yard areas in Tucson’s central submarket, where vacancy remains tight for owner-user properties under 10,000 square feet.

For more information, contact Max Fisher at 520.465.9989.

Source: RED Comp #12130