TUCSON, Arizona — Nestled along the base of the Pusch Ridge Mountains, the Oracle Road Corridor from the Town of Oro Valley to Catalina has many new developments reporting ‘business exceeds expectations’.

The Canyons at Linda Vista Trail Apartments at 9750 N Oracle Road in Oro Valley, owned and developed by Ross Rulney and Malcom Berman opened this past October.  This upscale lifestyle apartment community with 228 luxury apartment units is reporting a 60 percent occupancy already.

“The community is leasing at a quicker pace than we had expected, and we are very pleased with its success,” said Rulney. The tenancy is also diverse, with single professionals, families, as well as retirees looking to downsize.

Kneaders Bakery & Café that also opened this past October is reporting the second highest sales volume of Kneaders’ 41 locations. Located at 9660 N Oracle Road in Oro Valley, the restaurant appears to be have been well received by the locals.

Building on success such as this, Rulney has a new multitenant retail building under construction at the Canyons.  Debbie Heslop, CCIM, with Volk Company told us Growlers USA, a microbrewery and a Nail Salon have preleased portions of the 8,000-square-foot building, leaving 4,500-square-feet for a possible restaurant concept tenant in this 40,600-square-feet planned retail center on 7 acres at full build out.Site Plan for The Canyons Retail and The Canyons at Linda Vista Trail Apartments

Nearby, at Oracle and First Ave., Steam Pump Village is 100% leased.

Brenna Lacey and Rick Volk with Volk Company handle Steam Pump Village and told us Native Grill & Wings and Freddy’s Custard and Steakburgers are both well under construction for Spring openings.  This will be Freddy’s 4th location in the metro Tucson region and Native’s 5^th.

Lacey who has handled the 42 acres of retail at Steam Pump Village from inception says, “There are only two retail pads remaining and one of those is in escrow. The last remaining 60,000-square-foot pad is next to Basis School.”

“The Oracle Corridor is maturing as a trade area and filling in with more diversity,” Lacey said. Oro Valley is an upscale community with per capita income among the highest of any in Arizona, with a median household income of $71,628.

Continuing north along Oracle, the small community of Catalina is also benefiting from this growth.

Circle K Stores recently purchased a 2.25 acre parcel in Catalina for $795,000 ($8.11 PSF) to add a new store next to McDonald’s, Family Dollar and Canyon Bank, across the street from the new Tractor Supply, all newly built.

To learn more, see RED Comp #4584.

For more information, Heslop, Volk and Lacey can be reached at 520.326.3200.

TUCSON, Arizona — Brenna Lacey of Volk Company represented La Jolla Verde Land Holdings, LLC in the sale of 17.7 acres of land at the southeast corner of Old Nogales Highway and Abrego Drive in Sahuarita, Arizona to FAE Holdings 461354R, LLC. The purchase price was $3.5 million ($4.54 PSF).

The new grocery anchored shopping center called The Crossing at Sahuarita is planned at the site, for a 2018 opening, to be developed by Wadsworth Development Group and Accelerated Development Services.

Sahuarita is located south of the Tohono O’odham Nation and abuts the north end of Green Valley, 15 miles south of Tucson. The population was 25,259 at the 2010 census. This growing retail hub across from Walmart Supercenter, Ross, Big Lots, Jo-Ann Fabrics, Petco, Wells Fargo, Walgreens, Bank of America, 99 Cent Only and other national retailers. All conveniently located near a full diamond interchange at I-19 and Duval Mine Road.

The groundbreaking and anchor announcement is expected in the next 60-days.

Darren Pitts of Velocity Retail Group in Phoenix represented the buyer in the sale transaction.

Brenna Lacey and Kevin Volk of Volk Company in Tucson and Velocity Retail Group’s Brian Gast, Dave Cheatham and Darren Pitts will handle leasing of the inline shops at the new center.

For additional information and for leasing, Lacey and Volk should be reached at 520.326.3200. Gast can be contacted at 602.682.8155, Cheatham at 602.682.6060 and Pitts is at 602.682.6050.

To learn more login or see RED Comp #4488.

[mepr-show rules=”58038″]Sale date: 1/23/2017. Rumor has it the anchor grocery store will be a Sprout’s Market[/mepr-show]

Two pads sold at the Fry’s center under construction at Valencia and Valley Indian Agency Road in Tucson for an aggregate sum of $987,363 ($5.63 PSF).

The hard corner pad located at the southwest corner of Valencia and Valley Indian Agency Road is 71,025-square-feet and was purchased by Steamroller Pad LLC (Rick Volk, Manager) for $544,104 ($7.66 PSF) to be a national restaurant built-to-suit.

The other, a 104,479-square-foot pad adjacent to the Fry’s store under construction sold for $443,259 ($4.24 PSF) and will be used for 7,800-square-feet of inline shop space. The inline space is over 50% pre-leased to Nationwide Vision, Great Clips and Lee Spa Nails, with 900 – 3,600-square-feet available for lease.

The end cap is to include a 600-square-foot patio ideal for a restaurant tenant.

The shop space has broken ground and is scheduled to open in early November.

The seller of both properties was Smith’s Food & Drug Centers, Inc. of Tolleson, Arizona that was self-represented in the transactions. Brenna Lacey of Volk Company in Tucson represented the buyer, Steamroller LLC.

Brenna Lacey and Kevin Volk are the leasing contacts for the buyer.

For more information, Lacey and Volk should be reached at 520.326.3200.

To learn more, see RED Comp #3973 and #3974.