TUCSON, ARIZONA – Houghton Town Center is a highly successful 60-acre community center located on Houghton Road north of I-10 and serving Rita Ranch, Vail and southeast Tucson.  Anchors include Walmart, Discount Tire, TJ Maxx, AutoZone, Petco, Brake Masters, Nationwide Vision, SuperCuts and Ross Dress For Less joined by numerous restaurants, retailers and service tenants including Northwest Emergency Center and Hughes Federal Credit Union.

Jaime Medress of Marcus & Millichap in Phoenix represented Houghton Developers’ affiliate, HTC Shops III LLC (Bill Kelley, manager) in the sale of a 9,075-square-foot retail pad at Houghton Town Center for $3.51 million ($387 PSF) at 9172 S Houghton Road, Tucson.

The buyer is an investor from San Diego, NWCD, LLC an affiliate of DePrima Ventures (Dave Karlman, director). The property was fully leased at time of sale with four tenants: Jersey Mike’s Subs, Realty Executives, Sunstreet Mortgage and Inverse Jiu Jitsu.

The buyer was represented by Bryce Karlman of CBRE San Diego / Northern Baja office.

In a separate transaction, Brenna Lacey and Jeramy Price of Volk Company represented Houghton Developers, LLC in the $925,000 ($15.42 PSF) sale of approximately 60,000-square-feet of land at 10206 & 10212 E Old Vail Road in the Houghton Town Center to Surf Thru, Inc. of Bakersfield, CA.

Surf Thru purchased the site for its fourth Car Wash in the metro Tucson region.

Craig Finfrock of Commercial Retail Advisors represented Surf Thru.

For additional information, Medress can be reached at 602.687.6700 and Karlman is at 858.546.2605. Lacey and Price should be contacted at 520.326.3200 and Finfrock is at 520.290.3200.

To learn more, see RED Comp #6431 and #6449.

TUCSON, Arizona – Feast Properties, LLC of Murrieta, California, the construction arm for Denny’s Restaurants, purchased a pad at Houghton Town Center for $575,000 ($20 PSF). Ready for construction, Vail should have its first Denny’s sometime next year right along with the McDonalds that has started construction at Houghton Town Center.

The Vail community is a census-designated place (CDP), twenty-four miles southeast of Tucson.

Denny’s is a table service American diner-style restaurant chain where guests have come for over 60 years to sit back, relax and enjoy delicious, hearty meals, every day of the year including holidays. From breakfast anytime to lunches and dinners, Denny’s is always open.

Denny’s is one of America’s largest full-service family restaurant chains, currently operating over 1,700 franchised, licensed and company-owned restaurants across the United States, Canada, Puerto Rico, New Zealand, Mexico, Costa Rica, Dominican Republic, Honduras, Guam, the United Arab Emirates, Chile, Curaçao, El Salvador, and Trinidad and Tobago, and the Philippines.

Brenna Lacey and Jeremy Price with Volk Company represented the seller / developer, Houghton Developers LLC, an affiliate of Diamond Ventures (Bill Kelley, CFO). Shannon Murphy with DVI Realty assisted in the transaction, while buyer was represented by Northwest Commercial Advisors.

“Other restaurants, such as Popeye’s, Panda Express, Jersey Mikes and Dunkin Donuts have been doing very well at this location,” said Lacey. “And the 4,041-square-foot new Denny’s should be a welcomed addition to the community.”

Currently, Vail residents drive about 14-miles to the nearest Denny’s at 4040 East 22^nd Street in Tucson.

For more information, Lacey can be reached at 520.495.2233, Price is at 520.441.4771 and Murphy can be contacted at 520.577.0200.

For further information on Denny’s, visit the Denny’s website at www.dennys.com

To learn more, see RED Comp #6260.

TUCSON, Arizona — VEREIT, Inc. (NYSE:VER) (Glenn Rufrano, Chief Executive Officer), a real estate investment trust (REIT), purchased a 56,000-square-foot retail pad at Houghton Town Center in Tucson, Arizona for $10.9 million ($195 PSF).

The building, located to the east of Super Walmart, was built for and fully occupied by Ross Dress for Less®, T.J. Maxx® and Petco® that opened in 2017 at 9236 – 9250 S Houghton Road in Tucson’s Vail area.

The Ryan Companies US, Inc. (John Strittmatter, Chairman/Southwest) was the seller, developer and general contractor of this retail project at Houghton Town Center and purchased the 6.13 acres for $1.98 million ($7.39PSF) a year ago. See Real Estate Daily News Houghton Town Center Expands Footprint

Ryan Companies US, Inc. is a 3rd generation, family-owned national developer, designer, capital investment consultant, builder and real estate manager specializing in fully integrated solutions for over 75 years.

To learn more, see RED Comp #5457.