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Ethan Christopher, LLC of Encina, CA, a syndicator of the purchase of medical office buildings and shopping centers in Southern California and Arizona purchased through its affiliate, EC Irvington Foundation, LLC the shopping center at 1758-1850 E Irvington Road and 4980 S Campbell Ave in Tucson for[mepr-show rules=”58038″]$5.95 million ($108 PSF). Leon, LLC (Gabriel Gutierrez Gomez) was the seller.

The 54,480 sq. ft. shopping center at Irvington Road and Campbell Avenue was fully leased to sixteen tenants when it sold. Tenants include Goodwill of Southern Arizona, O’Reilly Auto Parts, KinderCare, Sunny Daze Cafe, Ace Cash Express, Advance Cuts, Liberty Tax, Egee’s, New Nails, Major League Barber Ship, Wash Mill, Oasis Insurance, T-Mobile and Sue’s Fashion and two kiosks leased to Wells Fargo ATM and Rjen Aqua – Water.

Ethan Christopher was founded in 1999, and owns and operates approximately 1.6 million sq. ft. of medical office buildings and shopping centers. The Company is a hands-on operator for approximately 700,000 sq. ft. of medical office properties and another 900,000 square feet of shopping centers. The Arizona subsidiary of the firm, Ethan Christopher Arizona LLC, manages shopping centers in the Phoenix area and claims to be the largest landlord for Goodwill stores in Arizona. Ethan Christopher AZ, LLC coordinates the management activities of the firm’s Arizona assets from its Peoria office.

“O’Reilly’s is a beautiful store and the Walgreen’s on the corner was recently upgraded; the only work needed at the center is parking lot repair, that will be expensive and will probably be done this Fall,” said Browne.

Ethan Christopher has holdings in California, Nevada, Oklahoma, Texas and Arizona and is actively looking to acquire additional medical offices and shopping centers in Tucson. The Company’s preferred products are valued at $3 million and up, with preference for value-added transactions (70-85% leased), but the Company will consider stabilized properties with an upside and at least five tenants, with staggered lease expirations.

Mark Ruble, Senior VP of Investment at Marcus & Millichap, in Phoenix represented the investor. David Lee of the David Lee Real Estate Company in Tucson represented the seller.

For more information on Ethan Christopher contact Aric Browne or Mark Hamermesh at (818) 986-9174. Ruble can be reached at (602) 687-6766 and Lee is at (520) 795-3199.

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Rosemont Copper Company, a subsidiary of Canadian-based Augusta Resource Corporation (TSX/NYSE:AZC), acquired 7.8 acres for $600,000 at 18500-18590 Old Nogales Hwy in Tucson from John J Thomas and Sutah J Harris, for utilitarian use. Located between a gravel pit and the Green Valley water recharge station, the property included four older buildings (built 1957-1972) totaling 5,065 sq. ft., but was purchased for its land value and for use to support access to power switching and water pipeline stations to the copper mine, about 30 miles south of Tucson in the Santa Rita Mountains, partly on US Forest Service land and therein lies the delays.

Over seven years have passed since Rosemont started the approval process for the project, and it has now received seven of the eight major permits needed, all but one to begin construction. Earning a license to mine in Arizona is a complex process, with years of study, analysis, paperwork and permitting before proceeding to construction. Get the federal government involved and the process becomes even more complex and even longer. Rosemont’s commitment and perseverance has paid off however, and the Company is optimistic this last major permit, the Clean Water Act Section 404 Permit from the US Army Corp of Engineers, will be received by the Fall if not by midsummer.

Although Rosemont Copper promises new environmental standards that employ water conservation and recycling techniques that are the first-of-their-kind in Arizona for mining, permits have come slowly. The Company has tried to meet the public challenges head-on by open disclosure and transparency in its dealings with the public. Rosemont continues to grow supporters from former opponents, for its much needed job creation that would jump-start the economy in the region. It continues to offer tours of the site twice a week and host numerous public information meetings.

During the mines’ first 20 years, 450 annual direct and an estimated 1,700 indirect jobs would be created locally, 2,900 created at the state level and 4,200 national jobs. It is predicted that the mine will have an annual economic impact of $701-million to Pima, Cochise and Santa Cruz counties, a $900-million impact to Arizona and $1.3-billion impact to the United States.

When finally in production, the mine will account for about 10% of the US copper production. With proven and probable reserves of 2.67 Mt (5.9 billion pounds), the mine is expected to produce 110 kt/a (243 million lbs/year) of copper, 2.4 kt/a (5.4 million lbs/year) of molybdenum and 90.2 t/a (2.9 million oz per year) of silver.

Construction will take about 22 months from final approval, with production expected in 2015, without further unforeseen delays.

Bill McReynolds of Genesis Real Estate & Management in Tucson handled the transaction for seller and buyer.

McReynolds can be reached at (520) 247-8077. Rosemont is at (520) 495-3500.

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J.T. Vaughan Enterprises, LLC (Jeff Vaughan) dba Cratemaster, Inc. of Tucson purchased the building at 7232 S Comstock Road for $670,000 ($59.55 PSF) from Amazon Industries, LLC of Tucson (Carl Anderson). Cratemaster was a tenant in the property for 15-years prior to exercising a purchase option.

The 11,250 sq. ft. steel industrial building was constructed in 2002 on one acre in Los Reales Industrial Park, northeast of Swan and Los Reales Roads.

J.T. Vaughan Enterprises is a private company established in 1997. The Company specializes in the manufacturing of custom wood shipping containers, packaging boxes, carded packaging, conductive boxes, rigid set up boxes, egg trays, packaging trays, packaging bags, pouches, and packaging materials for every shipping application.

There were no brokers involved in the transaction.

Vaughancan be reached at (520) 620-0600. Anderson is at (520) 885-9424.

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