Oro Valley, Arizona — Vast Commercial Real Estate Solutions (Vast CRE) brokered the sale of a Class A corporate building at 8950 N Oracle Road, Oro Valley, AZ 85704. Located along the high-traffic Oracle Road corridor in the Palisades Corporate Plaza, the 41,134-square-foot space sold for $4.5 million ($109.40 PSF) on December 21, 2017.

Constructed in 2007, the two-story building was originally a build-to-suit local corporate office for Pulte Homes, a brand of PulteGroup, Inc., one of the largest home construction companies in the US.

Jon O’Shea, Rob Fischrup, and Eric Lamb of Vast CRE represented the Buyer, 220Properties, LLC of Tucson, AZ.  The Seller, NU-Vista 8950, LLC was represented by Buzz Isaacson of the Tucson branch of CBRE Group, Inc., a global commercial real estate and investment brokerage firm based out of Los Angeles, CA. Financing was provided by Eric Weiss of Vantage West Credit Union in Tucson, AZ.

Vast Commercial Real Estate Solutions (Vast CRE) is a full-service commercial real estate firm that specializes in investment and advisory services. Since its inception in 2008, the company has brokered over $80 million in purchase and sale transactions and has leased over 500,000 sq. ft. in Pima and Cochise Counties. Vast CRE has managed over $12 million of tenant improvement and capital improvement construction.

O’Shea, Fischrup and Lamb should be reached at 520.528.5380.

To learn more, see RED Comp #5432.

PIMA COUNTY — The Pima County Board of Supervisors at its Nov. 21 meeting unanimously approved a $25,000 appropriation to help fund a Veterans and First Responders Living Memorial in Oro Valley.

The memorial, which will be located on 2.58 acres of land at Naranja Park, 810 W. Naranja Drive in Oro Valley, is meant to serve as a “place of solemn honor, reflection and education dedicated to those who have served or continue to serve their communities, state and nation,” said Kay Williams, Executive Committee, which is leading the fund raising for the memorial.

Presently, Southern Arizona does not have a central place to honor veterans and first responders. Organizers hope to break ground on the project in the third quarter of 2018 and host a formal dedication in early 2019.

The “Stars at Home and Abroad” memorial will have a 90-foot star as the base with a 24-foot high tower in the middle, which has the words of commitment of the services and the First Responders engraved. It will be permanently lit with solar lighting.

At each point in the star there will be a 15-foot-wide wall with the bronze medallion of each Department of Defense military service embedded and walls with medallions of the First Responders and National Guard. Surrounding the entire memorial will be a Pathway of Heroes with low seat walls that allow sweeping views of the Santa Catalina Mountains. There is also a covered pavilion with seating for about 140 people for ceremonies, services and education.

A shaded space will offer opportunities for engraved pavers as a tribute to family and friends  who are recognized by the Memorial.

“This Memorial honors all of the men and women who have served our country and communities with bravery and honor,” Supervisor Sharon Bronson, chair of the Pima Coutny Board of Supervisors, said. “It’s long-overdue recognition of all they do to keep us safe.”

Funds that were earmarked for the Oro Valley Cooperative Public Art Project in the current Fiscal Year 2017-18 budget will be transferred to the Living Memorial fund. The memorial is being funded by private donations from individuals and businesses.

Learn more about the effort by visiting the Veterans and First Responders Living Memorial website.

Scottsdale Company Purchases 1.6 Acres in Growing Tucson Suburb

ORO VALLEY, ARIZONA – Scottsdale-based 1784 Capital Holdings, LLC, has purchased 1.61 acres of land at 11061 N. Oracle Rd. at Steam Pump Village in Oro Valley, Arizona. The company plans to build a $10 million, Class A self-storage facility to fulfill the growing demand for storage in the Tucson suburb.

“According to Fortune Small Business Magazine, Oro Valley is one of the best places in America to live and expand a small business,” says Shane Albers, chairman and CEO of 1784 Capital Holdings. “This rapidly growing Tucson suburb is home to several bioscience and high-tech companies, and, as a result, households there have some of the area’s highest per capita incomes. These conditions have created pent-up demand for premium self-storage.”

1784 Capital Holdings plans to build a 108,533-square-foot self-storage facility that will contain approximately 807 storage units. The property will be visible and easily accessible from Oracle Road. It will also feature state-of-the-art, 24/7 security.

The same buyer, 1784 Capital Holdings acquired 2.81 acres at 121 W. Orange Grove in Tucson last year and recently opened Phase I of a two-level, freestanding self-storage facility on the property with 532-units doing business as Life Storage. 1784 Capital Holdings is a leader in the development and ownership of institutional quality self-storage facilities and plans another 716-units in Phase II on this site.

“The self-storage industry is experiencing an impressive evolution that includes customer-focused features not previously included in storage facilities,” says Kelly McKone, executive vice president of real estate for 1784 Capital Holdings. “We pride ourselves on creating climate controlled, amenity-rich developments that offer the ultimate in convenience for customers.”

The company purchased the property from Evergreen-Steam Pump, LLC, for a price of $525,000 ($7.50 PSF). Brenna Lacey and Dave Hammack at Volk Company in Tucson represented the seller and Denise Nunez of NAI Horizon in Phoenix represented 1784 Capital Holdings.

“I’ve represented 1784 Capital Holdings numerous times, and have always found them to be very responsive and deliver on their commitments,” says Nunez.

TLW Construction of Gilbert, Arizona, will be the contractor, and groundbreaking is scheduled for November of 2017.

For more information, Nunez should be contacted at 602.393.6784 and Lacey and Hammack are at 520.326.3200, for more on 1784 Capital Holdings, visit www.1784Capital.com.

To learn more, login and see RED Comp #5102 and go to RED Listing Registry for more properties like this.

Sale date: 8/14/2017. Sale Price $525,000. Document #2017-2260276. APN: 220-08-454A.