Sales Transactions
1. Lynn Morrison, LLC purchased the Ventana Plazaretail and office center at 5414-5455 N. Kolb Road in Tucson for $10.3M. WH Group #2, LLC, the seller, was represented by Arrow Real Estate Investment Services’ Samford Burstyn and Sam Wilson. Lynn Morrison, LLC was self-represented.
2. Larsen Baker brokered the $3.5M sale of Kolb Office Park, a two-building, 21.6KSF complex at 2090 and 2096 N. Kolb Road in Tucson. Camino Kolb Norte LLC of Phoenix, the buyer, was already a tenant in the property and will expand into the remaining vacant space. The buyer was represented by Realty One Group, and the seller, Kolb Office Park LLC, was represented by Larsen Baker.
3. Integra CRE sold the C-A-L Ranch portfolio consisting of 10 properties in Idaho, Utah, Arizona and Nevada. The retail locations collectively total more than 637KSF of space throughout rural and suburban communities. Newmark Mountain West’s Chad Moore, Drew Helm and Brendan Lee represented the seller. The buyer and transaction details were undisclosed.
Lease Transactions
4. Nordstrom, Inc. leased a 25KSF space at GSQnear Bullard Avenue and McDowell Road in Goodyear. The company intends to use the space for a new Nordstrom Rack location. Currently, the company operates one Nordstrom store and 11 Nordstrom Rack stores in Arizona.