TUCSON, Arizona — A Twin Peaks Plaza building at 7555 West Twin Peaks Road in Marana sold for $2 million ($234 PSF). Situated at the new Twin Peaks and I-10 interchange in the Northwest submarket, the buyer traded up in a 1031 exchange.

The 8,540-square-foot building is a portion of Twin Peaks Plaza, built in 2008 on .95-acres and includes two tenants, The Springs Church and Twin Peak Veterinary. The property was 100% leased at time of sale.

The property is near the new Simon Property’s Premium Outlet Mall, a portion of Marana Center Power Center that will include an Auto Mall and Hotels when complete.

The seller, CJR at Twin Peaks LLC, principal, Gary Heinfeld, CCIM, was self-represented in the transaction.

Wocky Redsar and Tari Auletta, CCIM, with Keller Williams of Southern Arizona represented the buyer, John Kai Jr. LLC of Tucson.

For more information, Heinfeld is at Advisors in Real Estate, Inc. and can be reached at 520.299.0700. Auletta and Redsar should be contacted at 520.615.8400.

This property was listed on RED Listing Registry. To learn more, see RED Comp #4561.

The office condo market in Tucson continues to be “hot” and San Jose Plaza Office / Retail Condominiums is no exception.

Two office/retail condominiums at San Jose Plaza recently sold for $472,902 ($224 PSF). The buyer, a research library, initially leased the property for several months prior to purchasing.  San Jose Plaza Office/ Retail Condominiums are located at 10130-10134 N Oracle Road in Oro Valley.

New Leases, Lease expansions and Lease renewals include BASIS.ed Charter School administrative office taking an additional 2,000-square-feet within a year of its original lease (3,200 SF), a construction consulting firm taking 800 SF, a physical therapist moving into 1,000-square-feet, an insurance company renewing 800-square-feet and a sleep apnea clinic taking 1,200-square-feet. Several of the leases include options to purchase. Only a few suites remain available at San Jose Plaza Office/ Retail Condominiums.

Gary Heinfeld, Advisors in Real Estate, Inc. represented the seller/ landlord. The sleep apnea client was represented by John Scott Hall of JSH Properties.

For more information, Gary Heinfeld can be reached at 520.299.0700.

Gary Heinfeld, CCIM, CPA and Designated Broker with Advisors in Real Estate of Tucson will be riding for the first time this year in El Tour de Tucson.  Now in its 32^nd year, El Tour expects more than 9,000 riders and 35,000 spectators for this year’s event scheduled for November 22, 2014.

Special Olympics, the world’s largest sports organization for children and adults with intellectual disabilities, is ushering in a new era to El Tour as a title sponsor and primary beneficiary for the first time this year and has committed to three years as sponsor.

Gary said in a written statement, “I’m excited because El Tour’s charitable partner this year is Special Olympics and for over 45 years it has fostered the acceptance and inclusion of people with intellectual disabilities through the power of sports. I know personally the transformative power that sports instill confidence, improve health and inspire a sense of competition which is at the core of what Special Olympics is all about.”

Gary knows the joy and accomplishment of Special Olympics through his cousin, who has Down Syndrome, as well as a friend in School with intellectual challenges.

With motivation like this, Gary got a bike this year and started riding just on weekends. In April, he was going approximately 14-miles on Saturday and 21-miles on Sunday. In June, he started riding three days a week for a total of approximately 65-miles per week. In September, he increased his total miles to 100 – 115 miles per week and included one long ride.

“My long ride started at 30-miles and I increased it each week by 5 miles, for example yesterday my long ride was 45-miles. Over the next five weeks, I plan to increase my long run by 5 to 10 miles per week until I reach 80-miles, which will be two weeks prior to El Tour. I will still be maintaining between 100 to 125 miles per week,” Gary explained his ambitious training program.

Since the event’s inception in 1983, 11 title sponsors have been part of Perimeter’s El Tour history. In 2013, El Tour did not have a sponsor after 11 consecutive years of sponsorship.

In 2013, nearly $4 million was raised for more than 35 charitable organizations despite persistent rain occurring throughout the day in Southern Arizona for the first time in the event’s 31-year history. Leading up to the ride, El Tour was headed toward record participation.

A conservative estimate of El Tour’s annual economic impact to Tucson is $18 million.

By donating today, you can help Special Olympics fund the more than 50,000 competitions held each year for more than 4 million participants. Special Olympics has helped bring about policy to improve education, health care, and employment opportunities for people with intellectual disabilities.

Any support that you can give for this worthwhile cause is appreciated. All donations are tax deductible. Donating online is safe and easy!  You can send your support by visiting Gary’s personal page at  https://eltourdetucson.donordrive.com/participant/2704 and click either ‘Donate’ or ‘Support Me’.