Tucson Real Estate: Major shopping center planned in Sahuarita
- Updated
Despite growing competition from online retailers, developers' confidence in shopping centers continues.
- Gabriela Rico
- Updated
Despite growing competition from online retailers, Southern Arizona developers remain confident in shopping centers.
Several projects are in varying stages of construction in Pima, Cochise and Santa Cruz counties.
Sahuarita will get a major center in 2018 called The Crossing at Sahuarita.
Brenna Lacey, of Volk Co., represented La Jolla Verde Land Holdings LLC in the sale of 17.7 acres of land at the southeast corner of Nogales Highway and Abrego Drive.
FAE Holdings 461354R LLC bought the land for $3.5 million. Darren Pitts, of Velocity Retail Group, represented the buyer.
Wadsworth Development Group and Accelerated Development Services will develop the center and several tenants will be announced in the coming months, Lacey said.
“Sahuarita has a great trade area for commercial purposes and there hasn’t been a large, new project built for a very long time,” she said. “There is pent-up demand.”
- Gabriela Rico
- Updated
Peaks at Redington, a 301-unit apartment complex, at 7700 E. Speedway sold for $14.5 million. Art Wadlund and Clint Wadlund, of Berkadia, completed the transaction between seller, PEM Investments, and buyer SB, Pacific Group.
- Gabriela Rico
- Updated
DCM Development LLC bought 114,562 square feet of land in St. David for $325,000 to build a Dollar General store. Dollar General has been expanding into rural areas in recent months with stores in Picture Rocks and Sonoita. Dave Hammack, of Volk Co., represented the buyer. The seller was TCBT LLC.
- Gabriela Rico
- Updated
Thornydale Plaza LLC bought about 47,000 square feet of land near Costco Drive and Thornydale Road for $170,000. David Carroll, of Romano Real Estate, represented the buyer and Debbie Heslop, of Volk Co., represented the seller, BOKF NA.
- Gabriela Rico
- Updated
Burlington Mattress Company leased 8,328 square feet of retail space at 3525 E. Fort Lowell Road from 3525 East Fort Lowell Road, LLC; Scott Soelter and Ben Craney, with NAI Horizon, represented the landlord and John Reva of JLL represented the tenant.
- Gabriela Rico
- Updated
Pierce Productions Inc., doing business as Growler USA, leased 2,200 square feet at El Corredor, a new development at the northeast corner of Oracle Road and Linda Vista Road in Oro Valley, to open a micro brewpub. Dave Dutson, of NAI Horizon, represented the tenant and Debbie Heslop, of Volk Co., represented the landlord, Boulder Oro Valley LLC.
- Gabriela Rico
- Updated
Mama's Hawaiian Bar-B-Cue leased 2,160 square feet at Shoppes at 1st & Roger, at 4016 N. First Ave. Craig Finfrock, of Commercial Retail Advisors LLC, represented both the landlord, Shoppes at 1st & Roger LLC, and the tenant.
- Gabriela Rico
- Updated
Desert Bloom Boutique LLC leased 1,454 square feet in Sunrise Village Shopping Center, on the southeast corner of Sunrise Drive and Swan Road. David Hammack, of Volk Co., represented the landlord, Sunrise Village Investors LLC.
- Gabriela Rico
- Updated
Simplicity Laser leased 1,297 square feet at Plaza Palomino, 2960 N. Swan Road, from WCCP Plaza Palomino LLC. Ben Craney and Phil Skillings, of NAI Horizon, represented the landlord and Tari Auletta, with Keller Williams Southern Arizona, represented the tenant.
- Gabriela Rico
Despite growing competition from online retailers, Southern Arizona developers remain confident in shopping centers.
Several projects are in varying stages of construction in Pima, Cochise and Santa Cruz counties.
Sahuarita will get a major center in 2018 called The Crossing at Sahuarita.
Brenna Lacey, of Volk Co., represented La Jolla Verde Land Holdings LLC in the sale of 17.7 acres of land at the southeast corner of Nogales Highway and Abrego Drive.
FAE Holdings 461354R LLC bought the land for $3.5 million. Darren Pitts, of Velocity Retail Group, represented the buyer.
Wadsworth Development Group and Accelerated Development Services will develop the center and several tenants will be announced in the coming months, Lacey said.
“Sahuarita has a great trade area for commercial purposes and there hasn’t been a large, new project built for a very long time,” she said. “There is pent-up demand.”
- Gabriela Rico
Peaks at Redington, a 301-unit apartment complex, at 7700 E. Speedway sold for $14.5 million. Art Wadlund and Clint Wadlund, of Berkadia, completed the transaction between seller, PEM Investments, and buyer SB, Pacific Group.
- Gabriela Rico
DCM Development LLC bought 114,562 square feet of land in St. David for $325,000 to build a Dollar General store. Dollar General has been expanding into rural areas in recent months with stores in Picture Rocks and Sonoita. Dave Hammack, of Volk Co., represented the buyer. The seller was TCBT LLC.
- Gabriela Rico
Thornydale Plaza LLC bought about 47,000 square feet of land near Costco Drive and Thornydale Road for $170,000. David Carroll, of Romano Real Estate, represented the buyer and Debbie Heslop, of Volk Co., represented the seller, BOKF NA.
- Gabriela Rico
Burlington Mattress Company leased 8,328 square feet of retail space at 3525 E. Fort Lowell Road from 3525 East Fort Lowell Road, LLC; Scott Soelter and Ben Craney, with NAI Horizon, represented the landlord and John Reva of JLL represented the tenant.
- Gabriela Rico
Pierce Productions Inc., doing business as Growler USA, leased 2,200 square feet at El Corredor, a new development at the northeast corner of Oracle Road and Linda Vista Road in Oro Valley, to open a micro brewpub. Dave Dutson, of NAI Horizon, represented the tenant and Debbie Heslop, of Volk Co., represented the landlord, Boulder Oro Valley LLC.
- Gabriela Rico
Mama's Hawaiian Bar-B-Cue leased 2,160 square feet at Shoppes at 1st & Roger, at 4016 N. First Ave. Craig Finfrock, of Commercial Retail Advisors LLC, represented both the landlord, Shoppes at 1st & Roger LLC, and the tenant.
- Gabriela Rico
Desert Bloom Boutique LLC leased 1,454 square feet in Sunrise Village Shopping Center, on the southeast corner of Sunrise Drive and Swan Road. David Hammack, of Volk Co., represented the landlord, Sunrise Village Investors LLC.
- Gabriela Rico
Simplicity Laser leased 1,297 square feet at Plaza Palomino, 2960 N. Swan Road, from WCCP Plaza Palomino LLC. Ben Craney and Phil Skillings, of NAI Horizon, represented the landlord and Tari Auletta, with Keller Williams Southern Arizona, represented the tenant.
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