Rocking & Rolling Options at D.R. Horton

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In Caddis Haley Estates, D.R. Horton (NYSE: DHI) acquired 16 finished lots for[mepr-show rules=”58038″]$304,000, or $19,000 per finished lot as part of a rolling option for 161 lots, from Caddis Bridge, LLC (Greg Anderson, manager). Caddis Haley is located west of Tucson near Star Valley, close to Casino del Sol. D.R. Horton offers five models there ranging in price from $127,900 to $160,000. Average lot size is 5,128 sq. ft. Dan Feig and Aaron Mendenhall of Chapman Lindsey represented the seller.

In Sahuarita Highlands, D.R. Horton took down an additional 15 lots for $645,000, or $43,000 per finished lot from Red Point Development, Inc. (Daniel Leung, President) as part of a rolling option agreement for 153 total lots. Sahuarita Highlands offers five floor models that range in price from $187,900 to $206,900. Dan Feig of Chapman Lindsey represented the seller.

In a new agreement, D.R. Horton purchased 16 lots in Sonoran Ranch II for $562,000, or $35,125 per finished lot from Son.Land Company (John Agresti, manager). This is the first takedown of 52 lots there. Sonoran Ranch is located west ofTucsonnearStarValleyand offers six models ranging in price from $141,900 to $193,900. The average lot is about 5,000 sq. ft.

D.R. Horton, a Texas based company is one of the largest homebuilding companies in theUnited States, operating in 26 states and 77 metropolitan markets. Homes generally range in size from 1,000 to 4,000 sq. ft. and in price from $100,000 to $600,000. For the year ended September 30, 2012, D.R. Horton closed 18,890 homes nationally with an average price of approximately $223,300.

To contact D.R. Horton’s executive office (817) 390-8200. Dan Feig and Aaron Mendenhall can be reached at (520) 747-4000.

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Broadway Site Gets In The Zone – AutoZone

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On Feb. 15, 2013 AutoZone Development Corporation (NYSE:AZO) paid[mepr-show rules=”58038″]$550,000 for a 34,620 sq. ft. parcel ($15.89 per foot) at 8825 E Broadway Blvd. for construction of an AutoZone store from Vladimir Katz of Tucson.

The property is located northwest of Camino Seco on Broadway, with C-1 zoning.
This will be AutoZone’s 17th store in the Tucson area. Stores typically range in size from 6,500 sq. ft to 8,000 sq. ft.

Fred Ludwig, Real Estate Development Manager, reported that AutoZone Development will be general contractor for the project.

During the quarter ended February 9, 2013, AutoZone opened 32 new stores in the U.S. and opened nine new stores in Mexico. As of February 9, 2013, the Company had 4,735 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., 334 stores in Mexico, and one store in Brazil for a total store count of 5,070.

AutoZone will host a conference call this morning, Tuesday, February 26, 2013, beginning at 10:00 a.m. (EST) to discuss its second quarter results. Investors may listen to the conference call live and review supporting slides on the AutoZone corporate website, www.autozoneinc.com by clicking “Investor Relations,” “Conference Calls.” The call will also be available by dialing (210) 839-8923. A replay of the call and slides will be available on AutoZone’s website. In addition, a replay of the call will be available by dialing (203) 369-1211 through Tuesday, March 5, 2013 at 11:59 p.m. (EST).

Vladimir Katz can be reached at (520) 548-1712. Fred Ludwig of AutoZone is at (901) 495-7296.

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Tucson Lease Report – February 17- 23, 2013

logo RED b&w 640 x 380FEBRUARY 18, 2013—3700 E. COLUMBIA ST, SUITE 100, TUCSON, AZ

ParMerica leased 10,686 square feet at 3700 E. Columbia St, Suite 100 in Tucson from Holualoa Columbia Industrial LLC. Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the landlord in this transaction while Michael England with Cresa Dallas represented the tenant.

FEBRUARY 18, 2013—750 E. 46TH STREET, TUCSON, AZ

Rafael Furniture leased 3,025 square feet at 750 E. 46th Street in Tucson from Rich Rodgers Investment, Inc. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, handled this transaction.

FEBRUARY 18, 2013—2928 – 2930 E. 22ND STREET, TUCSON, AZ

Las Brasas leased 1,420 square feet at 2928 – 2930 E. 22nd Street in Tucson from Rich Rodgers Investment, Inc. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, handled this transaction.

FEBRUARY 18, 2013—3933 E. 29TH STREET, SUITE 505, TUCSON, AZ

Otis Elevator Company leased 800 square feet at 3933 E. 29th Street, Suite 505 in Tucson from Presson Equity Partners LLP. Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the landlord in this transaction while Laura Finamore with Cushman & Wakefield and Rob Glaser, SIOR, CCIM with Cushman & Wakefield | PICOR Commercial Real Estate Services represented the tenant.

To submit sales and leases email [email protected]