This article has been archived, please login for access or subscribe now for a free trial.
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.
[/mepr-show]