TUCSON, Arizona — Brenna Lacey of Volk Company represented La Jolla Verde Land Holdings, LLC in the sale of 17.7 acres of land at the southeast corner of Old Nogales Highway and Abrego Drive in Sahuarita, Arizona to FAE Holdings 461354R, LLC. The purchase price was $3.5 million ($4.54 PSF).

The new grocery anchored shopping center called The Crossing at Sahuarita is planned at the site, for a 2018 opening, to be developed by Wadsworth Development Group and Accelerated Development Services.

Sahuarita is located south of the Tohono O’odham Nation and abuts the north end of Green Valley, 15 miles south of Tucson. The population was 25,259 at the 2010 census. This growing retail hub across from Walmart Supercenter, Ross, Big Lots, Jo-Ann Fabrics, Petco, Wells Fargo, Walgreens, Bank of America, 99 Cent Only and other national retailers. All conveniently located near a full diamond interchange at I-19 and Duval Mine Road.

The groundbreaking and anchor announcement is expected in the next 60-days.

Darren Pitts of Velocity Retail Group in Phoenix represented the buyer in the sale transaction.

Brenna Lacey and Kevin Volk of Volk Company in Tucson and Velocity Retail Group’s Brian Gast, Dave Cheatham and Darren Pitts will handle leasing of the inline shops at the new center.

For additional information and for leasing, Lacey and Volk should be reached at 520.326.3200. Gast can be contacted at 602.682.8155, Cheatham at 602.682.6060 and Pitts is at 602.682.6050.

To learn more login or see RED Comp #4488.

[mepr-show rules=”58038″]Sale date: 1/23/2017. Rumor has it the anchor grocery store will be a Sprout’s Market[/mepr-show]

Sahuarita is a newly developed culturally diverse residential and business community and is one of Arizona’ s fastest-growing communities. Positioned along Interstate 19 with convenient access to Interstate 10, Sahuarita has an estimated retail trading area of 70,000 people and is forecasted to grow to 140,000 by 2020.

A private Californian-investor from San Francisco purchased the Pet Club at 2585 N Abrego Drive in Sahuarita, AZ for $3.12 million ($299 PSF). The 10,450-square-foot Pet Club Feed and Tack Store opened in Sahuarita in December 2015 just before the closing.

The seller, SimonCRE bought the 43,412-square-foot improved lot at the northwest corner of Abrego Drive & Duval Mine Road in Sahuarita for construction of the 10,450 -square-foot Pet Club Feed and Tack Store. Located off I-19 on Nogales Highway, Pet Club is on a long-term fifteen (15) year net lease with a corporate guarantee. The lease includes 10% rent increases every five years and three, five-year renewal options.

Pet Club has been serving loyal customers for over 30 years, with over 60 locations in Arizona, Colorado and Texas. This location serves pet lovers in Green Valley, Tucson and Sahuarita.

The site provides excellent retail synergy being located across the street from Madera Marketplace including retailers such as Walmart, Big Lots, Big 5, Ross, AutoZone and Walgreens and many more.

Greg Saltz with GPS Retail and Chad Tiedeman with Phoenix Commercial Advisors represented the seller, SimonCRE and David McDonald, CCIM, with Idaho Commercial Brokerage in Boise, Idaho represented the buyer.

For more information, Saltz can be reached at 602.672.4559, McDonald can be called at 208.343.9300 and Tiedeman should be contacted at 602.288.3472.

To learn more, see RED Comp #3516 and prior land sale at RED Comp #2988.

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SPD 18726 Nogales Hwy, LLC of California (Deyan Petakovich, manager) bought an outlot in Sahuarita at the Walmart Super Center, a two-unit strip center in Sahuarita Plaza, for $2.075 million ($371 PSF). Located in a 136,000-square-foot retail center, the outlot was 100% leased to Radio Shack and Pacific Dental, both with corporate guarantees at time of sale.

Newly built in 2011, a recent lease assumption was made by a Sprint Entity for the former Radio Shack (2,100 SF) that was assumed by General Wireless.

The center and its tenants benefit from the excellent demographics, strong traffic counts and tremendous visibility along South Nogales Highway. This dominant retail corridor includes many national retailers such as Walmart, Ross, Big Lots, Petco, Jo-Ann, Denny’ s, Pizza Hut, Carl’ s Jr, T-Mobile, Bank of America, Walgreeens and many more.

Brandon Duff and Brad Feller with Stan Johnson Company in Scottsdale, AZ handled the transaction for both buyer and seller, 18000 Nogales, LLC (Art Shepherd, manager).

For more information, Duff and Feller should be reached at 312.240.0127

To learn more, see RED Comp #3533.

Circle K Stores of Tempe, AZ purchased a 57,935-square-foot retail pad at La Jolla Verde Commercial Center in Sahuarita for $1 million ($17.30 PSF). This will be the first pad construction at this new retail center located southeast of I-19 on Old Nogales Hwy near the full diamond interchange.

This core retail intersection for Sahuarita with a Super Walmart-anchored center directly across from it. This Walmart center also has Ross Dress for Less, Big Lots, Wells Fargo, Walgreens, Bank of America, 99 Cent Only, and other national retailers.

Brenna Lacey with the Volk Company in Tucson represented the seller, La Jolla Verde Land Holdings, LLC of Los Gatos, CA.

Kurt Maes with Scarbrough & Associates in Phoenix represented Circle K in the acquisition.

To learn more Lacey should be reached at 520.326.3200 and Maes can be contacted at 602.774.4243,

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In a second unrelated transaction, a 42,047-square-foot retail pad (lot 3 block 45) in Rancho Sahuarita, Sahuarita, AZ sold to Gen2Properties, LLC dba Taco Bell for $895,000 ($21.29 PSF).

Located at the southeast corner of I-19 and Sahuarita Road, Taco Bell with join McDonalds, Shell, United States Post Office, and Pima County Public Library.

A growing bedroom community, Sahuarita is only 15 minutes to Tucson Airport and 45 minutes to Nogales and Mexico.

Rob Tomlinson, Retail Specialist with Cushman & Wakefield | Picor of Tucson represented the seller, RSMC VI, LLC and Aaron LaPrise, Retail Specialist with Cushman & Wakefield | Picor represented the buyer.

To learn more Tomlinson should be contacted at 520.546.2757 and LaPrise can be reached at 520.546.2770.

For additional information see RED Comp #2849 and #2850.