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Completed Sale/Lease Transactions for the Week of October 28 – November 1 , 2019

 

SALE

 

The Arizona Board of Regents purchased a 38,010 square-foot industrial building located in the Foothills Business Park, 10900 N. Stallard Pl. / 10902 N. Oracle Rd. in Oro Valley.  The property was purchased from Melvin S. Ross Revocable Trust and Chautauqua Investments, LLP for $4,400,000.  The University of Arizona recently received approval from the American Veterinary Medical Association to open the state’s first public College of Veterinary Medicine.  This facility will accommodate the faculty offices and student services for the Vet Med program.  Principal Robert C. Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Utah Real Estate Development, LLC purchased 32.07 acres of land, located at the northwest corner of Interstate 10 and Wilmot Rd. in Tucson, from JS & J Service, Inc. for $1,800,000.  Dave Hammack and Ron Zimmerman, Principals and Retail/ Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Juan Teran with Realty Executives Tucson Elite, represented the buyer.

 

James Barrins, LLC purchased an 18,000 square-foot industrial building located at 2502 N. Jackrabbit Ave. in northwest Tucson.   The industrial/office property was purchased from Ouida L. Scales and Joseph C. Scales, as Co-Trustees of the Scales Family Trust, for $1,025,000.  Paul Hooker, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Jon O’Shea with Vast Commercial Real Estate Solutions, LLC, represented the buyer.

 

2381 N. 4th Avenue, LLC purchased 5,211 square feet of multifamily space located at 2381 N. 4th Ave. in Tucson.  4th Avenue Student Housing, a 15-unit apartment complex, was purchased for $840,000 from My Best Home Ever, LLC.  Allan Mendelsberg, Principal and Multifamily Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction.  Hamid Panahi with Marcus & Millichap Real Estate Investment Services, represented the seller.

 

Ann Boyce purchased 4,512 square feet of multifamily space located at 1313-1315 E. Glenn St. in Tucson.  Glenn Mountain Crossing Apartments, a 5-unit multifamily property, was purchased from Highland Green, LLC for $500,000. Allan Mendelsberg, Principal and Multifamily Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

The Robert A. Earle and Brenda Lynn Earle Revocable Living Trust purchased a 1,860 square-foot industrial building, located at 3502 N. Oracle Rd. in Tucson, from The Mctarnahan Family Trust for $300,000.  Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Luther Esala with Tierra Antigua Realty, represented the buyer.

 

1350 E. Benson Hwy., LLC purchased 2.10 acres of industrial land, located at 1350 E. Benson Hwy. in Tucson, from NK Investments, LLC for $195,000.  Robert C. Glaser, SIOR, CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

 

David Alan Johnson and T’Risa Johnson, purchased 1,333 square feet of office space located at 410 W. Simmons Rd. in Tucson, from Sonora Veterinary Group, LLC for $80,000.  Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  George Palmer with Long Realty, represented the buyer.

 

 

LEASE

 

OneOncology West, LLC leased 9,571 square feet in Green Valley Village, 115 W. Esperanza Blvd., Building 1 in Green Valley, from Holualoa Green Valley Mall, LLC.  Rob Tomlinson, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Bruce Suppes with CBRE, Inc., represented the tenant.

 

Eye Associates, Ltd. leased 4,683 square feet of medical office space in Northwest Medical Office Building I, 6130 N. La Cholla Blvd., Suite 245 in Tucson, from HCPI/Utah, LLC.  Richard M. Kleiner, MBA, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Western Dental of Arizona, Inc. renewed their lease for 4,500 square feet of retail space in San Francisco Square, 3922 N. Oracle Rd. in Tucson, from Machado Family Trust.  Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Hoffman Southwest Corporation leased a 3,980 square-foot industrial building located at 4761 N. Highway Dr. in Tucson, from Tin Cup Properties, LLC.  Principal, Ron Zimmerman and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Pima Heart Physicians, PC leased 2,467 square feet of medical office space from HCPI/Utah, LLC., in La Cholla Medical Plaza, 6130 N. La Cholla Blvd., Suite 205 in Tucson.  Richard M. Kleiner, MBA, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Doug Marsh and Lori Casey with Oxford Realty Advisors, represented the tenant.

 

Dr. Augusto Posadas leased 2,354 square feet of medical office space in El Dorado Square, 1200 N. El Dorado Pl., Suite I-910 in Tucson, from El Dorado Ventures, LLC.  Thomas J. Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

John Lebbs, CPA leased 1,256 square feet of office space in Pusch Ridge Centre, 10371 N. Oracle Rd., Suite 103 in Oro Valley, from The Lake Investment Group, LLC.  Thomas J. Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Bruce Suppes with CBRE, represented the tenant.

 

AZ Petition Partners, LLC leased 1,200 square feet of retail space in St. Mary’s Village, 1309 W. St. Mary’s Rd. in Tucson, from St. Mary’s Investors, LLC.  Principal Dave Hammack, and Ramiro Scavo, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Pirata Luchi leased 1,100 square feet of retail space located at 4602 E. 29th St. in Tucson, from Omar & Isela Mejia. Ramiro Scavo, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

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