MARANA, ARIZONA — Tucson-based, HSL Properties, doing business as HSL Marana Center Apartments, LLC, has purchased a 13.59-acre Multifamily Development Site, adjacent to the Tucson Premium Outlets, for the future construction of a 285-unit apartment complex.

Located southeast of Twin Peaks and Linda Vista, the site, known as Marana Center Parcel 3, was purchased for $3,700,000 ($6.25 PSF).

Formed in 1975, HSL Properties currently owns and operates more than 10,000 apartment units in 36 apartment communities, 8 hotels, and a number of other real estate holdings ranging from office buildings, call centers, and industrial parks. HSL is the largest apartment owner in Southern Arizona and one of the largest in the state.

Of the 36 communities, HSL Properties owns and operates 29 in Tucson, 5 in Phoenix, 1 in Casa Grande, and 1 in Yuma with over 7-million-square-feet.

Go here for other sales reported at Marana Center this month.

Mike Chapman and Justin Lanne of NAI Horizon-Tucson Branch represented the seller Vintage Partners, of Phoenix, doing business as VP Marana Investments, LLC.

For more information, Chapman can be reached at 520.591.5188 and Lanne should be contacted at 520.907.3470.

To learn more, see RED Comp #5807.

Vintage Partners, a leading Arizona real estate development and investment company, sold 6 acres at Marana Center to a Tucson-based hotel developer for approximately $3.5 million.

The buyer, Dupont Station Partners II, LLC (Michael Rabstoff, manager) plans to use half of the 6 acres for development of a hotel and the other half for restaurant and other retail use. Rubstoff has been dong hotel development mostly in Washington State  for Marriott Hotels and others prior to this.

“We’re excited about the Marana project,” Rabstoff told us. The whole center, with Tucson Premium Outlets now open, we believe will become a significant destination shopping spot, and a hotel fits well into the Town’s plan there.

“We may be ready to announce more specifics on the hotel brand in as little as 90-days,” Rabstoff said.

Marana Center, a 170 acre mixed-use commercial center located in Marana, is on the south side of Twin Peaks Road between I-10 and Linda Vista Boulevard anchored by the new 366,000-square-foot, open-air outlet mall, Tucson Premium Outlet Center that opened on October 1^st is owned by Simon Property Group.

Vintage Partners has been working closely with the Town of Marana to respond to market demand while creating a development that reflects the lifestyle choices of the Town it represents. The Town approved Vintage’s development plan for Marana Center in July 2014, that is zoned for a wide variety of commercial uses, including retail, restaurants, hotels, auto dealerships, office and medical.

David Scholl of Vintage Partners said, “Marana Center is poised to become Southern Arizona’s favorite regional shopping destination. As the only super regional shopping destination in the Metro-Tucson area with easy Interstate 10 access, Marana Center will be a convenient drive from most Tucson neighborhoods and will offer shopping and entertainment to fit anyone’s needs.”

There were no brokers involved in the sale. To learn more see RED Comp #3311.

MARANA, AZ — The public caught a first glimpse of the Tucson Premium Outlets Thursday at the official ground breaking ceremony in Marana. This 366,000-square-feet project began moving dirt in August, so was well underway for the official ceremony hosted by developer, Simon, Vintage Partners and dignitaries from the Town of Marana.

Vintage Partners (Michael Treadwell) sold the 46-acres of its 161-acre mixed-use commercial center in Marana, on the south side of Twin Peaks Road between I-10 and Linda Vista Boulevard to Simon Property Group for $12.26 million ($266,505 per acre) for construction of the much anticipated 366,000-square-foot open-air outlet mall, called Tucson Premium Outlets. Simon, a global leader in retail real estate is an S&P 100 company (Simon Property Group, NYSE: SPG).

The Grand Opening is planned for one year from now,  in the fall of 2015, and Tucson Premium Outlets is destined to become Southern Arizona’s premier outlet shopping destination, featuring designer and name brands at savings of 25 to 65 percent. This value shopping destination will anchor Marana Center, a 161-acre mixed-use commercial center being developed by Vintage Partners.

Tucson Premium Outlets will offer a mix of product categories including apparel and shoes, fashion accessories, leather goods, home furnishings, and specialty. There will also be a Food Pavilion with multiple dining options. In all, there will be 366,000-square-feet of leasable space. The approximate $39 million project by Simon, has Chasse Building Team of Mesa as General Contractor and Architects Orange of Orange County, CA for the design.

“We are excited to officially begin development on Tucson Premium Outlets and would like to thank The Town of Marana and its residents for their tremendous support of this project,” said Mark Silvestri, Chief Operating Officer for Simon Premium Outlets. “We expect Tucson Premium Outlets to make a significant economic impact with the creation of 300 to 500 construction jobs and more than 800 full-time and part-time retail jobs upon opening.”

“The Town of Marana is excited to see the commencement of the Premium Outlets project,” said Marana Town Manager Gilbert Davidson. “The demand for destination shopping in Southern Arizona is strong, so our staff pledges to do everything possible to assist in ensuring the center’s anticipated fall 2015 opening.”

Marana’s Mayor, Ed Honea said, “The Town of Marana couldn’t be more excited or committed to the success of this project at this significant site, the first interchange to be built in Southern Arizona in 20-years, at I-10 and Twin Peaks. It will bring a tax base of a couple million dollars per year to Marana in addition to bringing approximately 800 new jobs to the region.”

The global Simon Premium Outlets portfolio offers exceptional brands at extraordinary savings through a diverse mix of luxury, designer and popular retailers representing the best in fashion, family and home. With 84 Simon Premium Outlets in the United States, Puerto Rico, Canada, Japan, Malaysia, Mexico and South Korea are some of the most iconic and productive shopping destinations for residents and travelers including Phoenix Premium Outlets (Chandler, AZ), Woodbury Common (New York City), Orlando, Desert Hills (Palm Springs), Las Vegas and Wrentham Village Premium Outlets (Boston).

Missing from the ceremony was any tenant announcements, however the Simon Group is expecting tenant confirmations to be announced after attending the December ICSC conference in New York.

To learn more, visit www.simon.com or visit Premium Outlets at www.premiumoutlets.com or follow them on Facebook, Twitter, Instagram and Pinterest.