MARANA, AZ (June 6, 2024) -- A unique retail development is set to rise southeast of Tangerine and I-10 in Marana, offering a diverse range of retail and lifestyle options. The Tangerine Commerce Center development, with its distinctive mix of anchor tenants such as Ace Hardware and O’Reilly Auto Parts, is poised to enhance the local retail landscape significantly.
Cottonwood Properties owns approximately 100 acres that front the four-lane fully improved Tangerine Farms Road, a strategic location for business growth. Tangerine Commerce Park is zoned to accommodate a range of retail, office, and industrial uses. The first major tenant was Ventana Medical Systems, a subsidiary of Roche, the world’s largest biotech company.
This promising project is also set in the previously undeveloped area across the street from the new 2,000 SFR Mandarina masterplan community on the northeast corner.
Now, the stage is set for a vibrant retail scene to unfold!
Tangerine Gateway, LLC, a David Lee Real Estate affiliate, recently bought a 1.36-acre development site to split into three drive-thru pads for $1.3 million ($21.97 PSF). Gordon Wagner and Ben Craney with NAI Horizon (Tucson) represented the seller, Cottonwood Properties, and Cameron Lee with David Lee Real Estate (Tucson) represented the investor.
Starbucks developer Littleton, CO-based TangerineSBUX paid $900,000 ($22.96 PSF) for its new .9-acre site, which has begun constructing the new Starbucks. Greg Furrier of Cushman & Wakefield | PICOR (Tucson) represented the buyer, and Ben Craney and Gordon Wagner with NAI Horizon (Tucson) again represented the seller, Cottonwood.
Residents can look forward to a diverse shopping experience with the introduction of Mister Car Wash, QuikTrip, U-Haul already in place, and O’Reilly Auto Parts, Ace Hardware, Starbucks, and Taco Bell currently under construction. This development is more than just a retail hub; it's a cornerstone for community engagement and economic growth, offering new employment opportunities and serving as a gathering place for residents. It reflects the ongoing evolution of Marana as a thriving area that values community and convenience while taking advantage of the interstate exchange for future growth.
For more information, Wagner can be reached at 520.326.2200, Craney at 520.326.4500, Cameron Lee at 520.954.8008, and Furrier at 520.546.2735.
To learn more, see RED Comps #11301, #11319, #10785 and #11186.
