Highest Residential Real Estate Sale in Catalina Foothills in Over a Decade | Construction and real estate

Even if Tucson’s residential real estate market wasn’t booming, selling an estate over 10,000 square feet in the Catalina foothills would still be of interest in the real estate world. But a strong seller’s market in Tucson and across the country means that the estate of Tucson real estate developer Donald Diamond has sold for more than $ 3.5 million, according to Russ Lyon Sotheby’s International Realty, making it the most expensive residential sale in the Foothills since 2007.

The Diamond Estate is located in The Canyons of the Foothills and comprises a 7,632 square foot main house on a 7.3 acre estate. The estate also features a 2,500 square foot guesthouse, swimming pool, sauna, wine cellar, hot tub, and stunning views of Finger Rock.

Construction of the estate was completed in 1982 and was designed by southern Arizona architect Lewis Hall especially for Diamond.

“It was a great honor to be chosen as the agent to list the Diamond Estate, as this house had never been on the market before,” said Bryan Durkin, DurDurkin group agent at Russ Lyon Sotheby’s International Realty. “We have marketed this home around the world and were delighted to find the perfect buyer locally in Tucson who appreciated the value of such a unique property and understands the foothills. This is a trophy property that proves the old adage “location, location, location” when it comes to price. “

Diamond, who died in 2019, was a prominent real estate developer and businessman who worked in real estate in Tucson for over 50 years. His notable projects include The Canyons, Tucson Airport Commerce Center, Riverside Plaza, and Paloma Village. His philanthropic donations included $ 15 million to build the Diamond Children’s Medical Center.

SALES

GERK Investments LLC purchased a 624 square foot single tenant office building with a yard, located at 1918 W. Price St. in Tucson. The industrial property, located on 0.40 acres, was purchased from Walter A. Kniaz and Frances MXC Kniaz for $ 180,000. Ron Zimmerman, Director and Industrial Specialist at Cushman & Wakefield | PICOR, represented the seller in this transaction.

MWCDVM Holdings, LLC purchased 1.70 acres of vacant commercial land located at the Rita Ranch Commerce Center, 9517 E. Old Vail Rd. In Tucson. Lot 30 was purchased from Rocking K Holdings, Limited Partnership for $ 145,000. Ron Zimmerman, Director and Industrial Specialist at Cushman & Wakefield | PICOR, represented the seller in this transaction.

Paul E. Monson and Jan S. Monson have purchased a 21,400 square foot multi-tenant industrial incubator located at 4001 S. Contractors Way in Tucson. The investment property, located on 2.38 acres, was purchased from Gary L. Atchison for $ 1,600,000. Stephen D. Cohen and Robert C. Glaser, SIOR, CCIM, Directors and Industry Specialists at Cushman & Wakefield | PICOR, took care of this transaction. Cohen represented the seller; Glaser represented the buyer in this transaction.

Thorinson, LLC purchased 14,752 square feet of industrial space from Melvin S. Ross, Trustee of Melvin S. Ross Revocable Trust, and Chautauqua Investments, LLP. The multi-tenant industrial warehouse, located at 1420-1434 and 1500-1524 E. Benson Highway in Tucson, was purchased for $ 1,360,000. Robert C. Glaser, SIOR, CCIM, Director and Industrial Specialist at Cushman & Wakefield | PICOR, represented the seller in this transaction.

CIC MGMT, LLC purchased a 20,130 square foot laboratory / manufacturing building located on 1.73 acres in the Grant Dragoon Industrial Park, 1775 W. Sahuaro Dr. in Tucson. The single tenant industrial property was purchased from Boychick Enterprises, LLC for $ 902,000. Cappsco International Corp, an FAA certified T53 repair station, will occupy the building. Stephen D. Cohen, Director and Industrial Specialist at Cushman & Wakefield | PICOR, represented the seller in this

transaction.

Blue Sky Self Storage Overton, LLC purchased 3.67 acres of vacant land located at 2925 W. Overton Rd. And 9270 N. Chiraz Pl. In Tucson. The retail parcel of land was purchased from OS West, LLC and OS East, LLC for $ 703,910. Dave Hammack and Stephen D. Cohen, directors at Cushman & Wakefield | PICOR, represented the buyer in this transaction. Randy Emerson of GRE Partners, LLC, represented the vendor.

Paul E. Monson and Jan S. Monson have purchased a 9,900 square foot industrial building with a courtyard, located at 3525 S. Palo Verde Rd. In Tucson. The single-tenant industrial warehouse was purchased from Greenberg Living Trust Trustees Paul L. Greenberg and Joy A. Greenberg for $ 675,000. Ron Zimmerman, Director and Industrial Specialist at Cushman & Wakefield | PICOR, represented the buyer in this transaction. John Hamner, CCIM, along with RE / MAX Excalibur, represented the vendor.

Roca Holdings, LLC purchased a 10,393 square foot industrial building with a yard, located at 2660 E. Ganley Rd. In Tucson. The single tenant light industry property was purchased from Albatross Enterprises, LLC for $ 615,000. Pattison Engineering will occupy the building. Stephen D. Cohen, Director and Industrial Specialist at Cushman & Wakefield | PICOR, represented the seller in this transaction.

4401S. Santa Rita, LLC purchased a 7,055 square foot industrial building with a yard, located at 4401 S. Santa Rita Ave. in Tucson. The single-tenant office / industrial building was purchased from Ruby Industrial Technologies, LLC for $ 518,322. Paul Hooker, Director and Industrial Specialist at Cushman & Wakefield | PICOR and William Honsaker, along with Jones Lang LaSalle, represented the seller in this transaction. Rob Tomlinson, Director and Retail Specialist at Cushman & Wakefield | PICOR, represented the buyer.

PetersenMoeller, LLC purchased 4,452 square feet of office space located at Old Farm Executive Park, 6063 E. Grant Rd. In Tucson. The single-tenant office building was purchased from 6063 E. Grant, LLC for $ 546,900. Thomas J. Nieman, Manager and Office Specialist at Cushman & Wakefield | PICOR, represented both parties in this transaction.

LEASES

Tucson ADAS Calibration Center, LLC has leased 3,034 square feet of industrial space at South Dodge Business Center, 3631 E. 44th St., Suite 125 in Tucson, from Dodge Business Plaza Partners, LLC. Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Directors and Industry Specialists at Cushman & Wakefield | PICOR, took care of this transaction.

Bloomie’s Flowers has leased a 2,410 square foot building to Little Group, LLC, located at 6852 E. Tanque Verde Rd. In Tucson. Bloomie’s focuses on major special events and will also be open to the public for the purchase of flowers. Aaron LaPrise, Director and Retail Specialist at Cushman & Wakefield | PICOR, represented the owner in this transaction.

Quick Restore of Tucson, LLC has leased 2,340 square feet of industrial space at Central Point Business Plaza, 3961 E. Speedway Blvd., Suites 409-410 in Tucson, from Central Point Tucson, LLC. Molly Mary Gilbert, Office Specialist at Cushman & Wakefield | PICOR, represented both parties in this transaction.

Saguaro Learning, LLC, d / b / a Sylvan Learning of Central Tucson, has leased 1,600 square feet of office space, located at Midway Business Park, 4500 E. Speedway Blvd., Suite 15 in Tucson, from Presson Midway, LLC. Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Directors and Industry Specialists at Cushman & Wakefield | PICOR, took care of this transaction.

Kent Hush leased 1,440 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite D-41 in Tucson, from Exchange Partners, LLC. Robert C. Glaser, SIOR, CCIM, Director and Industrial Specialist at Cushman & Wakefield | PICOR, represented the owner in this transaction. Mark Klase of Tierra Antigua Realty represented the tenant.

Keep Em Covered has leased 1,250 square feet of retail space from HLF Properties, Inc., located at 5921 E. 22nd St. in Tucson. Principal, Dave Hammack and Ryan McGregor, with Cushman & Wakefield | PICOR, represented the owner in this transaction. Eric Hutchens of Hutch Companies, LLC, represented the tenant.

Prince Hauling, LLC leased 1,200 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite F-64 in Tucson, from Exchange Partners, LLC. Robert C. Glaser, SIOR, CCIM, Director and Industrial Specialist at Cushman & Wakefield | PICOR, took care of this transaction.


Source link

Comments are closed.