Tucson Real Estate: Retail center near Park Place to undergo renovations | Business News

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The U-shaped property at 6121 E. Broadway is now being renovated. It sold for $ 1.5 million.

Courtesy of CBRE

A retail strip across from Park Place has been purchased for renovations and has the potential to accommodate retail, service and medical providers.

Broadway Bob LLC, a private Tucson investor, bought the 29,745 square foot center at 6121 E. Broadway for $ 1.5 million from 6121 FC LLC and JMJV LLC.

The U-shaped property consists of three buildings from 1979.

“This property attracted this buyer because of its location in the local mall, which is surrounded by corporate offices, major retailers and restaurants, hotels and near the Davis-Monthan Air Force Base,” said Nancy McClure of CBRE, who represented the seller. The buyer was represented by Xiangfeng Bob Zhang with Bob Principal Realty LLC.

“The layout of the buildings will allow the buyer to rent to smaller tenants in the retail, service and medical sectors,” said McClure.

The center is located on 2.96 hectares.

Benjamin Wilder, director of the Desert Laboratory on Tumamoc Hill, explains why the location is the heartbeat of the Tucson area. The 860 acre ecological reserve is visited daily by hundreds of people who climb the 2.4 mile long hill for training. Wilder says visitors walk through a story of plants, ecology, and people. Video by: Mamta Popat / Arizona Daily Star, Jan. 14, 2021

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Other recent trades include:

• Tania’s Flour Tortillas and Mexican Food will open a second location in Sahuarita. It rented 1,200 square feet on the Rancho Sahuarita Marketplace off Interstate 19 and Sahuarita Road. Aaron LaPrise and Dave Hammack represented the landlord together with Picor.
• Pohle NV Center Inc. rented 5,200 square feet of retail space from Sally T. Taylor at Costco Plaza, 3951 W. Costco Drive. Dave Hammack represented the tenant with Picor and Dave Carroll represented the tenant with Romano Real Estate Corp. the landlord.
• Palo Verde Church of Christ Corp. has rented 3,721 square feet from San Vicente Properties LLC at the Eastside Research Commerce Center, 1551 S. Eastside Loop. Picor’s Stephen D. Cohen, Aubrey Finkelstein and Rob Tomlinson handled the lease.
• Janet & Ray’s LLC rented 2,400 square feet at 5443 E. 22nd St. for a Caribbean, Jamaican and American fusion restaurant. The landlord Larsen Baker was represented by his realtors Isaac Figueroa and Elaina Elliot.
• Marana Health and Wellness rented 1,200 square feet in the Northwest Design Center on Orange Grove and Thornydale Streets. The landlord Larsen Baker was represented by his realtors Isaac Figueroa and Elaina Elliot.

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