Mark Irvin Ranked in SIOR’s Top 100 Office Transactions of 2015

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Mark Irvin, SIOR, CCIM

Mark Irvin Honored for MDA Building Deal in Tucson

Mark Irvin, SIOR, CCIM, with Mark Irvin Commercial Real Estate Services in Tucson was ranked on the Society of Industrial and Office Realtors’ (SIOR) Top 100 Office Transactions List of 2015 for his 82,942-square-foot deal, securing the 77th spot out of 100.

The lease of former MDA building located at 3300 E Sunrise Drive in Tucson, closed November 2015.

In one of the largest 2015 Tucson office leases, the former MDA building was leased to  Sunquest Information Systems to relocate their headquarters from Williams Center, having leased fully the 82,942-square-feet combined in both buildings. The Company anticipates a move-in date of fall 2016.

Sunquest Information Systems Inc. provides diagnostic and laboratory information systems to more than 1,700 laboratories. For the past 30 years, Sunquest has delivered solutions that optimize financial results, enhance efficiency and improve the quality of patient care. The company’s pathology-focused mission, outreach awareness and point of care solutions establish Sunquest as a leader in the healthcare technology industry. Headquartered in Tucson, AZ, Sunquest also has offices in the United Kingdom and India.

The 3300 E. Sunrise office building is considered by many to be an architectural treasure. It was selected by Sunquest for its iconic design, open floor plan, and dramatic views of Tucson’s high desert landscape through floor-to-ceiling windows. The building’s aesthetics foster employee collaboration and innovation, as well as become an inviting environment to host Sunquest’s international clientele.

Mark Irvin, SIOR, CCIM, along with Eric Ramer with Icon Commercial Interests represented the tenant. Andy Seleznov and Melissa Lal with Larsen Baker represented itself as the landlord.

The Top 100 transaction honoree list was announced during SIOR’s 2016 Spring World Conference in San Diego, which took place on April 13-16 and was ranked among nearly 580 SIOR members who reported more than 930 transactions, totaling more than $5.1 billion in leases and sales.

3300 East Sunrise Dr Sells MDA for $9.1 Million to Local Group

3300 E Sunrise, Tucson Mountain Views reflected in windows
3300 E Sunrise, Tucson Mountain Views reflected in windows

MDA to Remain As Tenant – Property Renamed to ‘The Offices at La Paloma’

Tucson, AZ, March 14, 2014 – The sale of the 82,942 sq. ft. Muscular Dystrophy Association (MDA) offices at 3300 E. Sunrise Drive took place today, closing at 1:10 p.m., to an affiliate of Tucson-based, Larsen Baker, LLC.  The final purchase price was $9.1 million ($110 PSF) that includes a sale-leaseback by the MDA for a portion of the facility who announced last September that they would be relocating headquarters to Chicago. For prior story click here:

The Tucson facility has 7.14 acres that deliver some of the most scenic views to be found anyplace. With Sonoran Desert and City views from the base of the Catalinas, there are breathtaking panoramic mountain vistas from the site. The land was gifted by Pima County in 1990 to MDA when it first moved its national headquarter to Tucson from New York.

MDA will remain as the major tenant in the offices and said it looks forward to working with Larsen Baker as the MDA building transitions into a multi-tenant corporate office complex to be called The Offices at La Paloma.  Last September, MDA announced it was putting the facility up for sale, but would be keeping the majority of its employees in Tucson.

New LEED Silver Building, 3300 E Sunrise Dr. Tucson
New LEED Silver Building, 3300 E Sunrise Dr. Tucson

The main 67,020-square-foot, 2–story, curvilinear design building was completed in 1992, and a 15,922-square-foot LEED Silver building was added in 2010, creating a truly unique corporate office environment. The property boasts striking executive and private offices around a central cubical office area, conference rooms, auditorium, atrium entrance and gathering areas, complete with media studio, mail and print rooms, kitchen and break rooms, exercise and locker rooms, loading dock and other utility functions.

Don Baker, co-owner of Larsen Baker, released an architectural rendering of how the former single tenant building will be repurposed to serve as corporate offices for multiple executive users.  Larsen Baker plans to make improvements to the entry drive, landscaping and signage and then work with TREO to implement a nationwide search for corporate headquarters that could relocate to Tucson.

Richard Kleiner, MBA, Principal of Cushman & Wakefield|PICOR, and Eric Sorensen, Senior Director of Cushman & Wakefield, represented the Seller.  Andy Seleznov, CCIM and Melissa Lal, CCIM of Larsen Baker and James Marian, CCIM and Juan Teran, CCIM with Chapman Lindsey Commercial Real Estate Services in Tucson represented the Buyer. Larsen Baker will handle the office leasing of the property.

Kleiner can be reached at (520) 546-2745 and Sorenson in Chicago is at (708) 752-2268.  Seleznov and Lal should be contacted at (520) 296-0200; and Marian and Teran are at (520) 747-4000, for more information.

New Redesign For 3300 E Sunrise Dr. as Multi-tenant office
New Redesign For 3300 E Sunrise Dr. as Multi-tenant office