TUCSON, AZ (December 18, 2025) — Larsen Baker, through its affiliate Gateway Center Associates, LLC, has acquired Gateway Center, a three-building office complex located at 930–950 North Finance Center Drive in East Tucson, near the intersection of Speedway Boulevard and Kolb Road.

The campus comprises approximately 129,000 square feet of office space situated on nine acres, offering a rare large-scale office configuration in the East submarket. The property previously housed GEICO Insurance’s Tucson operations from 2002 through 2020 and was reportedly well-maintained by its prior ownership.

Larsen Baker purchased the property for $2.7 million, equating to approximately $20.91 per square foot. The transaction reflects a value-oriented acquisition amid continued repositioning opportunities within Tucson’s office market.

Isaac Figueroa, CCIM, SIOR, of Larsen Baker represented the buyer in the transaction.

According to the firm, the partnership is evaluating multiple strategies to reposition the property, including use as a corporate headquarters, a multi-tenant office campus, a multi-owner office complex, or an adaptive reuse project. The site’s campus layout, building quality, and land area provide flexibility for a range of redevelopment or leasing scenarios.

“Larsen Baker is ready for the challenge to reposition Gateway Center into its next successful iteration,” Figueroa said. “The property is well built and was well maintained by its last owner. We like the property’s versatility and are excited to get to work.”

Figueroa and Lal can be reached at (520) 296-0200.

Jamie Godwin (left) Thomas Fyffe (right) courtesy: SLC

Brings Innovative Project Partners and industry veterans Thomas and Benjamin Fyffe to SLC team

PHOENIX, Arizona, (December 18, 2025) – Leading Phoenix-based general contractor Stevens-Leinweber Construction (SLC) today announced it will acquire local construction firm Innovative Building Partners (Innovative).

The acquisition further expands SLC’s industry network, in-house talent bench and award-winning platform, which spans more than four decades and includes more than 17 million square feet of completed or in production tenant improvement and ground-up space located in the market’s most sought-after corridors and submarkets.

As part of the acquisition, Innovative President Thomas Fyffe II will join SLC as Senior Project Manager and Vice President of Field Operations Benjamin Fyffe will join SLC as Senior Superintendent.

Across their careers, the Fyffe brothers have participated in the delivery of over 20 million square feet of ground-up and tenant improvement space, including – at the time – the largest speculative development in Phoenix history. Other notable projects include the award-winning Axis Raintree office and parking garage, renovations throughout the Biltmore and Esplanade retail centers, and buildings aiding the Fighter Country Partnership, a non-profit organization supporting the men and women of Luke Air Force Base.

“We are incredibly excited to welcome Tom and Ben to SLC,” said Stevens-Leinweber Construction President and CEO Jamie Godwin. “They are both highly respected members of our industry, with a talent set, team spirit and proactive mindsets that align with our own corporate culture. We’re looking forward to the opportunities that this acquisition brings for us to expand and evolve in a market that we all so highly value.”

Founded in Phoenix in 2023, Innovative over the past several years has grown into an esteemed member of the metro Phoenix commercial real estate industry, offering a full range of construction services across numerous product types. Most recently, the company completed a ground-up build-to-suit expansion office and warehouse for Consolidated Electrical Distributors to assist in Phoenix’s growing demand for electrical materials and supplies.

“As an Arizona native, starting and growing Innovative Building Partners was a truly priceless experience, allowing us to leave the Valley better than we found it,” said Thomas Fyffe. “With the support of SLC, we will continue to hold what and how we build close to our hearts, merging our relationships and skills with SLC’s commitment to Promises Made. Promises Kept. We’re thrilled to join the SLC family and we’re looking forward to working together to best serve our trade partners, clients and community.”

Prior to establishing Innovative Building Partners, Thomas and Benjamin served as Project Executive and Superintendent, respectively, at Willmeng. Thomas Fyffe is a military veteran, serving almost 10 years in the U.S. Marine Corps, and an alumnus of Arizona State University’s Del E. Webb School of Construction, where he earned a bachelor’s degree in Construction Management, graduating Summa Cum Laude as a Del E. Webb Memorial recipient.

TUCSON, AZ (December 18, 2025) — Richard and Mary Werschky Family Trust, together with Graham Sutton, have acquired an approximately 25,200-square-foot warehouse property located at 625 W. Rillito Street for $1.8 million. Postcraft Co. was the seller of the property.

The sale reflects a price of roughly $71.43 per square foot and underscores continued investor demand for functional industrial assets in central Tucson, particularly those near downtown, Interstate 10, and established infill industrial corridors.

The warehouse is situated just west of downtown Tucson, an area that has seen renewed interest from owner-users and private investors seeking well-located industrial buildings with flexible use potential. Properties in this submarket benefit from access to major transportation routes, a growing labor pool, and limited availability of comparable industrial inventory.

Gary Emerson and Randy Emerson of GRE Partners, LLC represented the seller, Postcraft Co., in the transaction. Buyer representation was not disclosed.

Industrial sales activity across Tucson has remained strong in 2025, driven by sustained demand for small- to mid-size warehouse facilities, particularly those suited for distribution, service, or light manufacturing. The Rillito Street sale aligns with broader market trends favoring infill industrial assets with long-term value and adaptability.

GRE Partners, Gary and Randy Emerson, can be reached at 520.777.4949 for more information.

Source: RED Comp #12224