Tucson Real Estate: Local investors reacquire northwest apartment complex
- Updated
HSL Properties buys The Enclave at the Foothills.
- Gabriela Rico
- Updated
Local developers have reacquired a northwest apartment complex.
HSL Properties Inc. bought The Enclave at the Foothills, a 300-unit complex at 7300 N. Mona Lisa Road, for $21.8 million.
The complex was built in 1986 and features one-, two- and three-bedroom garden apartments on more than 11 acres.
“HSL was former owner of The Enclave, and is the current owner of the adjacent property, Catalina Canyon,” said Arthur Wadlund, senior managing director for Berkadia. “This familiarity with the asset and location was a large factor in the buyer’s decision to purchase.”
Berkadia represented the seller, Scottsdale-based PEM Investments.
The purchase of the property brings HSL's portfolio of apartments to 31 in the Tucson area, said Omar Mireles, the company’s president.
- Gabriela Rico
Raising Cane’s restaurant has been bought by investors for $4.15 million. The 3,600 square-foot restaurant, located at 6352 E. Broadway, is in its second year of a 20-year lease. Chris Hollenbeck, with Cushman & Wakefield, represented the seller, Eisenberg Co., and Chris Rodriguez, of Pacific Northwest, represented the buyer, Leal 2002 Family Trust.
- Gabriela Rico
UFC Gym leased 8,800 square feet at Cortaro Plaza, 8330 N. Thornydale Road, from Cortaro Investors LLC. Ben Craney, with NAI Horizon, represented the tenant and Zach Pace and Torrey Briegel, of Phoenix Commercial Advisors, represented the landlord.
- Gabriela Rico
Neighbors Emergency Center leased 6,894 square feet at 7285 E. Tanque Verde Road from Colonia Verde Investors LLC. Ben Craney and Shelby Tworek, of NAI Horizon, represented the tenant. Andy Seleznov and Melissa Lal, of Larsen Baker, represented, the landlord.
- Gabriela Rico
Movement for Life Inc. leased 3,208 square feet for an Athlon Physical Therapy office at 101 S. La Cañada Drive, in the Green Valley Village. The landlord, Holualoa Green Valley Mall LLC, was represented by Michael Laatsch and Bruce Suppes, with CBRE. Brenna Lacey, with Volk Co., represented the tenant.
- Gabriela Rico
Goldberg & Osborne leased 2,889 square feet in the Broadway Village, at the southwest corner of Broadway and Country Club Road. Craig Finfrock, of Commercial Retail Advisors LLC, represented the landlord, CRI Broadway Village Partners LLC and the tenant was represented by Jesse Peron, of CBRE.
- Gabriela Rico
Spirals Salon Unlimited Inc. leased 1,977 square feet at 3122 N. Campbell Ave. Dave Hammack and Jeramy Price, of Volk Co., handled the lease on behalf of the tenant and landlord, 3122 North Campbell Ave. LLC.
- Gabriela Rico
Local developers have reacquired a northwest apartment complex.
HSL Properties Inc. bought The Enclave at the Foothills, a 300-unit complex at 7300 N. Mona Lisa Road, for $21.8 million.
The complex was built in 1986 and features one-, two- and three-bedroom garden apartments on more than 11 acres.
“HSL was former owner of The Enclave, and is the current owner of the adjacent property, Catalina Canyon,” said Arthur Wadlund, senior managing director for Berkadia. “This familiarity with the asset and location was a large factor in the buyer’s decision to purchase.”
Berkadia represented the seller, Scottsdale-based PEM Investments.
The purchase of the property brings HSL's portfolio of apartments to 31 in the Tucson area, said Omar Mireles, the company’s president.
- Gabriela Rico
Raising Cane’s restaurant has been bought by investors for $4.15 million. The 3,600 square-foot restaurant, located at 6352 E. Broadway, is in its second year of a 20-year lease. Chris Hollenbeck, with Cushman & Wakefield, represented the seller, Eisenberg Co., and Chris Rodriguez, of Pacific Northwest, represented the buyer, Leal 2002 Family Trust.
- Gabriela Rico
UFC Gym leased 8,800 square feet at Cortaro Plaza, 8330 N. Thornydale Road, from Cortaro Investors LLC. Ben Craney, with NAI Horizon, represented the tenant and Zach Pace and Torrey Briegel, of Phoenix Commercial Advisors, represented the landlord.
- Gabriela Rico
Neighbors Emergency Center leased 6,894 square feet at 7285 E. Tanque Verde Road from Colonia Verde Investors LLC. Ben Craney and Shelby Tworek, of NAI Horizon, represented the tenant. Andy Seleznov and Melissa Lal, of Larsen Baker, represented, the landlord.
- Gabriela Rico
Movement for Life Inc. leased 3,208 square feet for an Athlon Physical Therapy office at 101 S. La Cañada Drive, in the Green Valley Village. The landlord, Holualoa Green Valley Mall LLC, was represented by Michael Laatsch and Bruce Suppes, with CBRE. Brenna Lacey, with Volk Co., represented the tenant.
- Gabriela Rico
Goldberg & Osborne leased 2,889 square feet in the Broadway Village, at the southwest corner of Broadway and Country Club Road. Craig Finfrock, of Commercial Retail Advisors LLC, represented the landlord, CRI Broadway Village Partners LLC and the tenant was represented by Jesse Peron, of CBRE.
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