Redyns Development (Harold Snyder, manager) of Tucson purchased the 11,036-square-foot medical building at 1620 W St. Mary’s Road in Tucson. The building sold with a leased fee interest in the land owned by Carondelet for $2.9 million ($262.78 PSF). The seller was St. Mary’s Silverbell Building, LLC (Mike Wattis, manager) also of Tucson.

The building sold with Arizona Oncology as tenant. Arizona Oncology, a practice in The US Oncology Network, recently announced that its clinic in northwest Tucson has been recognized by the Quality Oncology Practice Initiative (QOPI®) Certification Program, an affiliate of the American Society of Clinical Oncology (ASCO). The QOPI® Certification Program provides a three-year certification for outpatient hematology-oncology practices that meet the highest standards for quality cancer care. In addition to the clinic located on Rudasill Road in Tucson, other Arizona Oncology clinics currently pursuing QOPI certification include the Biltmore Cancer Center in Phoenix and the Saguaro Cancer Center in Glendale.

“This is a great honor to be among the elite few in Arizona to receive this prestigious certification from ASCO and QOPI. The certification underscores our commitment to provide the best care possible to our patients,” said Rachel Swart, MD, hematologist and medical oncologist at the northwest clinic in Tucson.

“Cancer patients and their families should expect nothing less than accountability and the highest standards from their cancer care providers,” said Allen S. Lichter, MD, CEO of ASCO and President of the QOPI Certification Program. “QOPI participation reflects a commitment to quality of care that leads to fundamental changes in the clinical practice of oncology. Oncology practices that commit to quality and safety are those that provide the most optimal cancer care. The Certification Program helps practices determine whether they are providing the best treatment and care possible to their patients, and demonstrates a commitment to excellence and ongoing quality improvement in the hematology-oncology outpatient practice.”

The QOPI Certification Program (QCP) was launched in January 2010. Oncologists can achieve certification by demonstrating practice consistent with the highest standards of care.

To learn more about Arizona Oncology and the QOPI Certification, visit www.ArizonaOncology.com or call 1.855.784.HOPE (4673).

Stephen Cohen and Russ Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | Picor of Tucson represented the buyer and Mike Sandahl, Wyatt Campbell and Buzz Isaacson of CBRE of Tucson represented the seller.

To learn more Cohen can be reached at 520.546.2750 and Hall should be called at 520.546.2747. Sandahl should be reached at 520.323.5115, Isaacson can be contacted at 520.323.5151 and Campbell is at 520.323.5173.

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The Continental Shopping Plaza at 180-260 West Continental Road in Green Valley sold to Continental Green Valley Associates, LLC an affiliate of Glen Una Management Company of Los Gatos, CA (Kenneth Levy, President) for approximately[mepr-show rules=”58038″]$18.2 million ($120 PSF) for the 151,585 sq. ft. regional shopping center.

The Plaza opened in 1980 with eleven shops and businesses, and within the next five years, increased in size to approximately 152,000 sq. ft. with forty-eight businesses. It is anchored by Safeway, CVS Pharmacy and True Value Hardware, with a diverse tenant mix, including apparel and gift shops, restaurants, financial advisors and institutions, hair salons, home improvement stores and others.

It is located at the northwest corner of Continental Road and I-19 on 14.56 acres. The Green Valley / Sahuarita market area is a diverse community of young families and established retirees. Rob Tomlinson, a retail specialist with Cushman & Wakefield / Picor Commercial Real Estate Services as well as a local Green Valley resident, commenting on the property said, “it has always been a good strong regional center with low vacancy, and should continue to remain stable and a good investment for the new buyer.”

The seller was Holualoa GV Shopping Plaza, LLC an affiliate of Holualoa Companies of Tucson (Michael Kasser, CEO). Holualoa Companies was founded in 1985 in Kona, Hawaii and expanded in 1992 to its Tucson office, which became the company headquarters. Over the years, the company’s expanding network of investment opportunities has established offices in Phoenix, Los Angeles and Paris. Holualoa currently controls assets in excess of $600 million according to its website.

The retail / investment team of Mike Sandahl and Nancy McClure of CBRE in Tucson and Bob Young of CBRE in Phoenix represented the seller in the transaction. The same team that represented Holualoa in the sale of Campbell Plaza Power Center in Tucson for $31.5 million.

According to the CBRE 1Q 2013 Retail Market Report, Grocery-anchored retail development is driving activity, especially in energy-based suburban markets like Texas, Oklahoma, Pittsburgh and Denver. The housing recovery and new housing in markets like Phoenix and Southern California hold promise for the hardest-hit markets returning to health. Multifamily development is driving retail opportunity in infill and urban redevelopment projects.

Kasser can be reached at (520) 615-1094. Levy is in San Francisco at (415) 503-4048. Sandahl should be contacted at (520) 323-5115 and McClure is at (520) 323-5117. Young can be reached in Phoenix at (602) 735-5576.

A new on-site property manager was brought on for Glen Una Arizona Mgmt. Co. after the sale: Kelly J Gardner w) 520-625-5005, cell: 510-863-1554 [/mepr-show]