The following is an account of the Tucson market’s select top five office sale transactions for first quarter 2011.
American Recovery Capital NY recover REIT, Inc. purchased the 125,000-square-foot building at 5411 E Williams Blvd. in Tucson for $32 million, or $256 per square foot. Phillip Skillings of Bourn Advisory Services represented the seller, Bourn Companies LLC. Mark Palmer of The Palmer Team, Inc. represented the buyer.
Nova Financial & Investment Corporation acquired the 10,472-square-foot property at 6893 N Oracle Road in Tucson for $1.75 million, or approximately $167 per square foot. Ken Schlachta and John Yarborough of Romano Real Estate represented the seller, Monte Sherrill. Mark Irvin of Mark Irvin Commercial Real Estate Services LLC represented the buyer.
Jerry Soneblick purchased the 14,784-square-foot building at 1735 E Fort Lowell Road in Tucson for $900,000, or roughly $61 per square foot. Tari Auletta of Grubb & Ellis represented the seller, Shanahan Mechanical & Electrical. Larry Paul of Realty Executives Tucson represented the buyer.
Robert Snyder acquired the 3,681-square-foot property at 4711 E Camp Lowell Drive in Tucson for $830,000, or about $225 per square foot. Jon O’Shea and Rob Fischrup of VAST Commercial Real Estate Solutions LLC represented the sellers, Mark Goldberg & Antonio Esquibel. The buyer did not use a broker for this transaction.
Assurance Home Care, Inc. purchased the 5,107-square-foot building at 2312 N Rosemont Blvd. for $600,000, or approximately $117 per square foot. Thomas Nieman of PICOR Commercial Real Estate Services represented the seller, Del Sol Enterprises. The buyer did not use a broker for this transaction.
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