TUCSON, ARIZONA — Affiliates of The Clover Group traded into two office properties this month for an aggregate value of $10.75 million, both were buyer’s uplegs in 1031 exchanges.

Maizlich CP Houghton, an affiliate of The Clover Group of Tucson (Paul Kraft, manager), purchased the medical office at 10120 E Old Vail Road in Tucson for $4.035 million ($419 PSF). Constructed in 2016, the building is fully leased long-term to Northwest Hospital for medical offices.

Located within the Houghton Town Center commercial development, adjacent to the Northwest Emergency Center, the 9,631-square-foot building sits on 1.35 acres.

“The neighborhood has positive income demographics, good schools, growing permit activity, and continues to receive significant transportation infrastructure investment,” stated Paul Kraft.

The seller is an affiliate of Diamond Ventures of Tucson, was represented by Marcus & Millichap of Phoenix.

A second office complex at 10445 N Oracle Road in Oro Valley, Rooney Ranch Professional Offices, was also purchased by Maizlich CP Oro Valley, an affiliate of The Clover Group (Paul Kraft, manager) for $6.715 million ($196 PSF).

This attractive 34,237-square-foot multi-tenant office complex in three buildings is located on 3.95 acres in a retail location, with frontage along Oracle Road at the signalized intersection of Oracle Road and Pusch View Lane. The property has a diverse tenant mix of both general office and medical related tenants, across the street from a 565,000-square-foot power center with retailers such as Target, Fry’s, Home Depot and a host of restaurants. Oro Valley is a growing community with positive long term economic/demographic trends.

The seller was Berkeley Land Company of Danville, CA (Michael Mikulich, manager). Greg Guglielmino, Steven Gonzalez and Marcus Muirhead with Lee & Associates of Phoenix handled the transaction for the seller.

The buyer was represented by Swain Chapman of Chapman Management Group.

For more information Guglielmino is at 602.474.9590, Gonzalez can be reached at 602.474.9588 and Muirhead can be contacted at 602.474.9589. Chapman should be reached at 520.622.5544.

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PHOENIX, AZ –  Lee & Associates in Phoenix is pleased to announce the addition of Steven Gonzalez, Marcus Muirhead and Greg Guglielmino as Investment Principals joining Lee’s existing Investment Group.

Prior to joining Lee, the veteran group most recently worked as investment brokers at Colliers International and at Marcus & Millichap, both in Phoenix. The team specializes in the acquisition and disposition of single and multi-tenant healthcare and office investment properties.

“We are excited to have this seasoned team join our already strong Capital Markets and Investment Brokerage Division by focusing on office and healthcare opportunities,” said Fred Darche, Managing Principal. “We have every confidence that this team will add value to our eff orts and reflects on our commitment to attaining the best talent for our fi rm.”

Steven Gonzalez brings his decades-long expertise in investment services, capital markets, healthcare services, investment properties and office. He is a graduate of Arizona State University and is a member of NAIOP.

Marcus Muirhead brings his vast knowledge and success of investment services, capital markets, healthcare and office. He is a graduate of the University of Arizona.

Greg Guglielmino’s expertise is focused on healthcare, office and investment services/capital markets. He is a graduate Magna Cum Laude from Arizona State University and Marquette University in Milwaukee.

Additionally, five new Associates were added to Lee’s brokerage efforts on January 1 of this year. Michael Marsh and Spencer Nast in the office division, Nick Nudo in the industrial division, Andrew Lundahl in the investment division and Bryson Fricke in the Multifamily division.

Lee & Associates Arizona celebrated its 25th anniversary in the Valley in 2016 and is committed to even greater success moving forward as the firm expands it’s footprint in the Valley. By adding seasoned experts and young brokers to the team, the firm is committed to building a strong foundation for the future success of the company.

For more information, Gonzalez should be reached at 602.474.9588, Muirhead is at 602.474.9589, and Gugielmino can be contacted at 602.474.9590.