TUCSON, Arizona – Feast Properties, LLC of Murrieta, California, the construction arm for Denny’s Restaurants, purchased a pad at Houghton Town Center for $575,000 ($20 PSF). Ready for construction, Vail should have its first Denny’s sometime next year right along with the McDonalds that has started construction at Houghton Town Center.

The Vail community is a census-designated place (CDP), twenty-four miles southeast of Tucson.

Denny’s is a table service American diner-style restaurant chain where guests have come for over 60 years to sit back, relax and enjoy delicious, hearty meals, every day of the year including holidays. From breakfast anytime to lunches and dinners, Denny’s is always open.

Denny’s is one of America’s largest full-service family restaurant chains, currently operating over 1,700 franchised, licensed and company-owned restaurants across the United States, Canada, Puerto Rico, New Zealand, Mexico, Costa Rica, Dominican Republic, Honduras, Guam, the United Arab Emirates, Chile, Curaçao, El Salvador, and Trinidad and Tobago, and the Philippines.

Brenna Lacey and Jeremy Price with Volk Company represented the seller / developer, Houghton Developers LLC, an affiliate of Diamond Ventures (Bill Kelley, CFO). Shannon Murphy with DVI Realty assisted in the transaction, while buyer was represented by Northwest Commercial Advisors.

“Other restaurants, such as Popeye’s, Panda Express, Jersey Mikes and Dunkin Donuts have been doing very well at this location,” said Lacey. “And the 4,041-square-foot new Denny’s should be a welcomed addition to the community.”

Currently, Vail residents drive about 14-miles to the nearest Denny’s at 4040 East 22^nd Street in Tucson.

For more information, Lacey can be reached at 520.495.2233, Price is at 520.441.4771 and Murphy can be contacted at 520.577.0200.

For further information on Denny’s, visit the Denny’s website at www.dennys.com

To learn more, see RED Comp #6260.

Houghton Town Center’s first store, a 99,000-square-foot Walmart,  opened in 2013 and the center hasn’t stopped growing since with a mix of convenient services and popular restaurants that cater to the residents of Rita Ranch, Vail and Corona de Tucson as well as the +/- 6,500 professionals working at the nearby UA Tech Park.

Hughes Federal Credit Union recently purchased a 44,339-square-foot pad at Houghton Town Center for $1 million ($22.55 PSF) from Houghton Developers, LLC, the developer, an affiliate of Diamond Ventures of Tucson.

Hughes will be joining the 60+ acre Walmart Supercenter anchored community shopping center located in southeast Tucson at the intersection of Houghton and Old Vail Roads. Construction is not expected before next year for the new credit union branch

Other pads open for business include Panda Express, Discount Tire, and Dunkin Donuts with McDonalds and BrakeMAX coming soon. The first shops are also open and fully leased to such tenants as Dental Village, Champion Pool and Spa Supply, Nationwide Vision and SuperCuts. A second 9,200-square-feet of shop space will soon break ground to the west of the existing shops’ pad, with more pads in negotiation.

The 11,500-square-foot Northwest Emergency Center is currently under construction and on schedule to open by year end. Click here for full story

Shannon Murphy with DVI Realty of Tucson and Ben Craney with NAI Horizon of Tucson represents the seller / developer, Diamond Venture. Brian Harpel with The Harpel Company of Tucson represented Hughes Federal in the transaction.

To learn more Murphy can be reached at 520.577.0200 and Craney is at 520.326.2200. Harpel can be contacted at 520.721.7999.

For additional information see RED Comp #3061.

The Carioca Company (Marvin Rose, president) through its affiliate RG3 LLC bought 5.77 acres at Rita Tech Park at the northeast corner of I-10 and Rita Road in Tucson for $1.5 million ($6 PSF). Carioca is a Shell gas distributor / Convenience store and Subway franchisee, founded in 1972, that now owns 42 Shell stations across Arizona. The Phoenix-based company employs approximately 800 people.

Jim Edwards with Rein & Grossoehme Commercial Real Estate in Scottsdale represented the buyer and had this to say, “The buyer likes growing areas on the outskirts of town and Rita Tech Park in southeast Tucson met all the criteria. The property has visibility and signage from I-10 and is adjacent to the University of Arizona Science and Tech Park and Target Distribution Center in an expanding part of town.”

Jerry Hawkins with CBRE in Tucson and John Rehling with CBRE in Phoenix represented the seller, Diamond Ventures of Tucson (Bill Kelley, CFO) in the transaction.

To learn more Hawkins can be reached at 520.323.5100, Rehling is at 602.735.5555, and Edwards should be contacted at 480.214.9400. For additional information see RED Comp #2801.

In a separate transaction, a Walmart Neighborhood Market will be the first to go vertical at a new retail center at the southwest corner of Tucson Blvd and Drexel Road in Tucson, a portion of Tucson Airport Commerce Center. Walmart paid $1.34 million ($6 PSF) for the 5.1 acres for construction of a 4,100-square-foot Neighborhood Store.

Alex Clark with B.D. Baker Company of Scottsdale represented Walmart in the transaction and the seller, Diamond Ventures of Tucson was represented by Bill Kelley, CFO.

Shannon Murphy with DVI Realty and Diamond Venture will be marketing three additional pads and shop space at this new center.

To learn more Clark can be reached at 480.951.4377 and Murphy should be reached at 520.577.0200. For additional information see RED Comp #2862.

The Tucson Gem and Mineral Show will be back at the Clarion Hotel at 4550 S Palo Verde Road in Tucson after Daniel Duke purchased 4.79 acres for $875,000 ($4.19 PSF) specifically for this purpose. Duke is president of Gem Marketing International and an organizer of the Tucson Gem and Mineral Show, with several sites in town.

Norm Hoegger with Norman Hoegger Realty of Tucson represented the buyer. Hoegger said, “Last year the Gem and Mineral Show was not at this location for the first time in a long while and it was sorely missed. That will now be corrected going forward. Located adjacent to the Clarion, the Gem Show site benefits from use of the Holidome and Clarion Hotel.”

Jerry Hawkins with CBRE in Tucson represented the seller, Raka Hospitality Tucson LLC of Vancouver, British Columbia Canada in this transaction.

To learn more Hoegger should be reached at 520.745.6598 and Hawkins at 520.323.5100. For additional information see RED Comp #2839.