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Starburst Properties, LLC an affiliate of Halbert Bros, Inc. (Cliff Halbert, President) bought 21,840 sq. ft. of vacant land for[mepr-show rules=”58038″]$140,000 ($6.41 PSF) at 4904 N Shamrock Place, lot 9, in the Shamrock Center, for construction of a 6,500 sq. ft. industrial spec building.

This is the second spec building for Halbert in the Shamrock Center at the northeast corner of Ruthrauff and La Cholla Blvd. The 6,493 sq. ft. building at 4897 N Jersey Court (lot 10) next door was sold for $600,000 ($92 PSF) in November to Sonoran Process Equipment, a mining supply company, for expansion to its main location at 1821 W Dairy Place. There were no other available spaces in Shamrock Center to lease or to buy.

Some might say Halbert is bucking the trend to even bring up speculative buildings in a market with over 206,000 sq. ft. of vacant industrial space at the end of the year. However, his was the sole industrial spec building constructed and sold in 2012 within Northwest Tucson.

There were no brokers involved in these sales.

Halbert can be reached at (520) 444-9170.

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DCM Development Company (Chris Lechner, manager) an affiliate of Lechner Construction of Tucson purchased a 56,581 sq. ft. lot for[mepr-show rules=”58038″]$325,000 ($5.74 PSF) at 1742 W Ruthrauff Road from Craig Lee Gross, et. al. and a 46,866 sq. ft. lot for $405,000 ($8.64 PSF) at 3751 S Pantano Road from Rose VL, FLP (Rose Gee, manager). Both properties are under construction with the standard 9,100 sq. ft. Dollar General buildings.

According to Lechner, the stores sell before construction is completed. DCM in November 2012 completed construction and the sale of the Dollar General at 1765 W Prince Rd. for $1.48 million ($163 PSF) to Colina DG Prince Rd, LLC et. al. of Salt Lake City, UT.

The Dollar General store at 15440 W Ajo Hwy in Three Points was constructed in 2012 and sold by SW Three Points DG, LLC, an affiliate of Southwest General Development of Phoenix (Beau Woodring, manager) on March 13, 2013 for $1.47 million ($161.50 PSF) to the Sadlier Living Trust of La Quinta, CA.

Dave Hammack of the Volk Company in Tucson represents Dollar General through DCM and Southwest General on the sale of completed stores and represented Southwest in Three Point and DCM in the Prince Road transactions. Bank of Tucson financed the construction.

DCM hopes to add seven more store sites this year and has five currently under contract, according to Lechner. To date, DCM has constructed five Dollar Generals in Tucson with two more under construction. The stores sell as triple net investments, fully leased and operated by Dollar General corporate. Lechner said DCM won’t sell all the stores it builds this year and would like to keep some for its own investment portfolio. Each Dollar General store provides work for 14-16 employees.

Other DCM built Dollar General locations in Tucson include: 945 E 22nd Street (built 2011), 5697 S Alvernon Way (built 2010), 5663 S 12th Avenue (built 2011), and 155 W Valencia Road (built 2007).

Dollar General Corporation of Goodlettsville, TN (NYSE:DG) published its intention to continue a consistent record of positive job growth in 2013 with the creation of 6,000 new jobs, and the planned addition of 635 new stores and 550 relocations nationally. With the addition of these jobs, Dollar General will have created approximately 30,000 new jobs in the last six years.

“Dollar General’s continued growth reflects our customers’ increasing satisfaction with our everyday low prices and convenience,” said Rick Dreiling, Dollar General’s chairman and CEO. “Further, 2013 will mark another growth milestone as we plan to open the organization’s 11,000th store before the year’s end when we will begin our 75th anniversary in 2014.”

In order to generate a high caliber candidate pool, Dollar General also participates in proactive hiring initiatives such as Paychecks for Patriots that demonstrate the company’s commitment to an employee base including veterans. The Paychecks for Patriots program helps resolve the challenges of unemployment facing veterans by equipping the military community with the resources to better access available job opportunities at committed companies.

“Dollar General is a thriving organization looking to attract new employees that embody our mission of ‘Serving Others,’ which complements the company’s efforts to promote from within. We are excited to welcome new talent with a passion for the retail business,” said Bob Ravener, executive vice president and chief people officer.

Dollar General’s commitment to employee development will also continue in 2013 by using training as an instrumental tool in the company’s overall success. Recently, Training magazine recognized the company among its Training Top 125 for the second consecutive year.

For additional information on Dollar General contact the Media Relations Department at (615) 855-5210. Lechner can be reached at (520) 888-1212. Hammack is at (520) 326-3200.

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Aire, LLC (Romeo Esquivel, MD and Ayaaz Ismail, MD) purchased a 2,032 sq. ft. office condominium at 2275 W Magee Rd., Suite #111, for[mepr-show rules=”58038″]$257,805 ($126.87 PSF) at the Magee Corporate Center from the developer, Magee Corporate Center, LLC (Wayne Rutschman, manager). Magee Corporate, built in 2007, is at the southwest corner of La Cholla Blvd. and Magee Road, next to the Walmart Supercenter, with recently completed road widening along Mcgee Road. Heater Realty is next door in Suite #112 on the west half of the shared 5,812 sq. ft. building.

The buyers are both gastroenterologists who are going into practice together and will owner occupy the space as a medical office. A gastroenterologist is a specialist in diagnosis and treatment of conditions involving the digestive/gastrointestinal (GI) tract. These doctors are experts on how food moves through the digestive system and is chemically broken down, with nutrients being absorbed and waste excreted.

In the Tucson area, with a population of approximately 982,000 people there are 63 gastroenterologists, which gives it a ratio of 1 gastroenterologist per 15,587 residents or a ratio of 1 gastroenterologist per 6,305 households. There are 397,197 households.

Tom Nieman of Cushman & Wakefield / Picor Commercial Real Estate Services represented the seller, Magee Corporate Center, LLC. Andrew Sternberg of Oxford Real Estate Advisors represented the buyers.

Nieman can be reached at (520) 546-2728 and Sternberg can be contacted at (520) 232-0200.

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