By Karen Schutte for Real Estate Daily News
Vintage Partners sold six acres at Marana Center to a Tucson-based hotel developer for approximately $3.5M.
The buyer, Dupont Station Partners II, LLC plans to use half of the six acres for development of a hotel and the other half for restaurant and other retail use. The developer has been doing hotel development mostly in Washington State for Marriott Hotels and others prior to this.
Marana Center, a 170-acre mixed-use commercial center located in Marana, is on the south side of Twin Peaks Road between I-10 and Linda Vista Boulevard. It is anchored by the new 366KSF, open-air outlet mall, Tucson Premium Outlet Center, which opened on Oct. 1 and is owned by Simon Property Group.
The Town approved Vintage’s development plan for Marana Center in July 2014, which is zoned for a wide variety of commercial uses, including retail, restaurants, hotels, auto dealerships, office and medical.
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