TUCON, Arizona — Main Gate Square is one of the oldest shopping districts in Tucson dating back to 1922, part of a 4-square block redevelopment district which includes 138,000-square-feet of retail space and 200,000-square-feet of office space.  Tucson’s modern street car connects downtown activity centers, including Main Gate Square, along a 3.9-mile route.

The Marshall Foundation owns and manages most of the real estate in Main Gate Square. When the opportunity arose to purchase a ground lease in Southwest Plaza, a portion of Main Gate Square, at the southwest corner of Park and University, the Marshall Foundation took it with seven years remaining on the ground lease.

The two-story, 14,498-square-foot building (built 1975) was redeveloped and leased to nine retail and office tenants by the Marshall Foundation, with only 371-square-feet available at time of sale. Tenants of the property include Pelio Grill, Jimmy John’s, US Marine Corps, Cost Cutters, Oriental Express, Campus Apartments, Fox-in-a-Box, and Sanctity Tattoo.

U of A’s culturally diverse campus holds over 38,000 undergraduate and graduate students, 15,000 employees as well as 19 intercollegiate athletic programs and a wide variety of academic programs. Central to the entire Tucson metropolitan area Main Gate Square and the University of Arizona are an important focal point of Tucson.

Over 292,000 people live within a 5-mile radius of Main Gate Square.

The Marshall Foundation through the management of its real estate assets and redevelopment of Main Gate Square, under the direction of Jane McCollum, General Director & President of Real Estate, has donated over $16 million to the University of Arizona primarily in the form of scholarships or special projects and to over 250 not-for-profit organizations in Pima County that serve youth and promote education, arts, culture and health and wellness.

Scott Soelter of NAI Horizon in Tucson represented the seller, Kettenbach LLC of Tewsbury, MA (Michael Kettenbach, manager). Tamra Williamson of Bourn Advisory Services represented the buyer. Williamson also handles Main Gate Square leasing.

For more information, Soelter can be contacted at 520.326.220 and Williamson should be reached at 520.290.2335.

For more information visit www.marshallfoundation.com.

To learn more, see RED Comp #4618.

 

Tucson CREW is the industry’s premier business networking organization dedicated to advancing the success of women in commercial real estate. Founded in 2002, Tucson’s 80 members connect to over 9,000 members nationally, representing nearly every discipline within the industry. CREW Network focuses on fulfilling four key initiatives for its members: business development, leadership development, industry research and career outreach.

Tucson CREW Board Officers & Board of Directors for 2014:

President: Jeannie Nguyen, National Bank of Arizona;  President-Elect: Sally Bach, G2 Contracting;  Past President: Barbi Reuter, C&W | PICOR Commercial Real Estate; Treasurer: Loretta Peto, Peto & Company;  Secretary: Cindy Dhuey, The Temp Connection;  Board Members: Beverly Weissenborn, Burke Weissenborn LLC; Nannon Roosa, Eller School of Management, University of Arizona; Debbie Heslop, Volk Company; Chris Young, Kuhn Young Law Firm; Sandra Barton, Alliance Bank of Arizona; Vivian Boggie, Title Security;  Gabriel Gomez, Business Development Finance Corporation; Jane McCollum, Marshall Foundation; and Linda McNulty, Lewis & Roca.

Tucson CREW 2013 Awards included:

Amber Smith, Metropolitan Pima Alliance: Economic Improvement Award; Nannon Roosa, Eller College of Management: Career Advancement for Women Award;  Tricia Hooper, First American Title: Member-to-Member Business Award;  Jan Cervelli, University of Arizona: Entrepreneurial Spirit Award; and Jeannie Nguyen, National Bank of Arizona: President’s Award.

For more information on Tucson CREW, visit https://tucsoncrew.org

 

Tucson CREW, the local chapter of the Commercial Real Estate Womens’ (CREW) Network, is pleased to announce two of its members were named ‘Women of Influence’. Jan Cervelli and M Roxanne Veliz were honoured by Inside Tucson Business at this year’s annual ceremony.

Jan Cervelli, Dean of the University of Arizona’s College of Architecture, Planning and Landscape Architecture, received the award for her work and “vision” in downtown Tucson. Since becoming dean five years ago, Cervelli has helped the community take huge steps forward downtown, with the design of the Modern Streetcar Corridor and creation of the Main Gate Overlay District, Tucson’s first transit-oriented overlay zoning district. Cervelli enjoys the challenge of bringing Tucson and Pima County administrators together for a common good. Cervelli, in addition to being dean, also teaches, and her students are currently working with the City of Tucson on options for the Ronstadt Transit Center.

M. Roxanne Veliz was named Best Lawyer in America for Banking and Finance Law and Real Estate Law, and in 2011, was selected as one of Arizona’s Finest Lawyers. Veliz is the sole female partner at Snell & Wilmer in Tucson. She’s been a member of Chicanos Por La Causa since 1996 and is dedicated to supporting law students through the University of Arizona Law School.

Cervelli and Veliz join past CREW honorees, Lesli Pintor (2011), Jane McCollum, Linda McNulty, and Barbi Reuter (2012). Reuter is the current President of CREW Tucson and McNulty, Past President.

CREW is focused on promoting business, providing educational opportunities and sharing information among members who represent all professions within commercial real estate. Founded in 1989, the CREW Network has 57 chapters with membership exceeding 6,000 members. CREW membership offers outstanding opportunities connecting you with clients and colleagues to enhance business development.

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Contact Stewart Title & Trust of Tucson at (520) 327-7373 for your next closing.