TUCSON, AZ — WCCP Williams Tech LLC of Scottsdale (William Metzler, manager) purchased two office buildings at 5431 and 5451 East Williams Blvd in Tucson for $13.6 million ($141 PSF) from BP WCTC Investors of Tucson, an affiliate of Bourn Partners (Don Bourn, manager).

5431 and 5451 East Williams Boulevard are located in the prestigious Williams Centre Technology Campus in Tucson, Arizona, near the southwest corner of Broadway Blvd. & Craycroft Road. The buildings offer a total of 96,421 square feet of Class “A” office space. Both two-story office buildings are state-of-the-art facilities, with 6-inch raised flooring and back-up generator.

5431 East Williams Boulevard sold 100% leased to three industry leading tenants, Texas Instruments (NASDAQ: TXN), Sorenson Communications and Centene Corporation. The 46,878-square-feet of Class “A” office space was built in 2000.

5451 East Williams Boulevard sold 100% leased to ADP (NASDAQ: ADP). The 49,543-square-feet of Class “A” office environment was built in 2001.

Bill Palmer of Palmer Capital Inc. in Roseville, California negotiated the sale for the seller and Phil Skillings with NAI Horizon of Tucson, also a principal in the transaction, represented the investor.

For additional information, Palmer should be reached at 916.462.6201. Skillings can be contacted at 520.977.6369.

To learn more, see RED Comp #4189.

Chicago-based, Boyd Watterson Asset Management (Jack Walsh, Sr. Vice-President), an SEC-registered investment advisory firm, purchased the Rio Nuevo Professional Plaza at 201 N Bonita Avenue in Tucson for $12.4 million ($168 PSF).

The 73,826-square-foot, two-story office building sits on 5-acres and was constructed in 2002. It sold 100% occupied by two GSA tenants, the US Census and Social Security, KB Homes, Carrington College, an affiliate of Devry Schools and Markham Contracting.

The seller was RNPP LLC, an affiliate of Diamond Ventures (Bill Kelley, CFO) that represented itself. The buyer was represented by David Montijo, Michael Sandahl, Martin Encinas and Damien Wilkinson of CBRE’s Tucson office.

For more information, the CBRE team can be reached at 520.323.5100. To learn more, see RED Comp #3521.

*     *     *     *     *

WCCP Rosemont LLC, an affiliate of West Coast Capital Partners (William Metzler, manager) and PVP Investments, LLC bought the former AOL Building at 155 N Rosemont Blvd in Tucson for $7.13 million ($143 PSF).

The 50,000-square-foot office building was constructed in 1998 and sits on a 5.28-acre lot. It sold 100% occupied by two tenants: Open Text, a training facility on the first floor, and Centene Corporation (Centene), a national leader in the healthcare services field, on the second floor.

WCCP, that recently sold 333 E Wetmore Road in Tucson (click here for full story), reported that they intend to update the common areas of the property, such as redoing the lobby, refresh landscaping, and other general cosmetic updates to the property over the next three months.

The seller, BP 155 Investors LLC, an affiliate of Bourn Partners of Tucson (Don Bourn, manager) was represented by Bill Palmer of Palmer Capital in Roseville, CA. The investor was represented by Phil Skillings of NAI Horizon in Tucson.

For more information, Palmer can be reached at 916.462.6300 and Skillings should be contacted at 520.977.6369. To learn more, see RED Comp #3544.

  *     *     *     *     *

Five Daughters LLC, an affiliate of TCI Wealth Advisors of Tucson (John Stephens, member) bought the office building at 4021 E Sunrise Drive in Tucson at La Paloma Office Center for $1.4 million ($222 PSF). The buyer exercise a lease purchase agreement entered into one year prior.

The 6,328-square-foot building, constructed in 2008 on a 10,233-square-foot lot. It was 50% occupied by the buyer, TCI, and 50% occupied by the tenant, Catalina Eye Care.

The seller, Sunrise HDS LLC, an affiliate of Scotia Group Ltd.of Tucson (Peter Aronoff, manager) was self-represented. Alan Moore with Chapman Lindsey Commercial Real Estate Services represented the buyer in the lease agreement and purchase.

For more information, Moore can be reached at 520.747.4000. To learn more, see RED Comp #3498.

This article has been archived, please login for access or sign up now for a free trial.

WCCP Tucson West, LLC (Scott Douglas, manager) an affiliate of West Coast Capital Partners, with offices in Torrance, CA and Scottsdale, in partnership with Philip Skillings, principal of West Commercial, LLC in Tucson, bought the Tucson West office building at 333 East Wetmore Rd for[mepr-show rules=”58038″]$16.4 million, ($113 PSF) from Aslan III 333 East Wetmore, LLC an affiliate of Transwestern Commercial Real Estate Services that managed the building. Built in 1986, the six-story office building tenants include engineering and mining firms such as Jacobs Engineering, PSOMAS Engineering, and Century Link.

The 145,353 sq. ft. building has been ENERGY STAR certified since 2010 with an energy performance score of 93. Following new adjustments through ENERGY STAR in 2011, the property has a performance score of 84, saving the building’s owners an estimated $20,000 in annual energy costs.

According to Scott Douglas, the buyer was attracted to the building “because of its excellent tenant mix and minimal vacancy.” Douglas says he is, “very excited about the building and Tucson,” being originally from Tucson himself, he now lives in Los Angeles and will be coming to Tucson often. The building is in great condition, the only thing Douglas said it could use was, “some minor exterior upgrades.”

Phil Skillings of West Commercial Real Estate Advisors in Tucson will handle leasing of the property.

The Bank of Arizona, Jennifer Pescatore, Senior Vice-President Commercial Real Estate Regional Manager handled financing.

Bill Palmer of Palmer Capital in Sacramento brokered both sides of the deal.

West Coast Capital is a private investment firm and also owns Plaza Palomino at Swan and Fort Lowell in Tucson that is currently undergoing a major renovation that is scheduled for completion next month. West Coast is actively looking for other investment opportunities in Tucson.

Contact Douglas at (310) 698-5320. To reach Skillings, call (520) 326-4500. Pescatore can be contacted at (602) 989-2370, and Palmer is at (916) 446-8272.

[/mepr-show]