Cushman & Wakefield Brokers Sale of Santa Cruz Plaza Property in Tucson, AZ

March 20, 2020

Cushman & Wakefield announced recently the firm has brokered the sale of a portion of the Santa Cruz Plaza shopping center in Tucson, Arizona. The buyer was Blue Hat, LLC based in Carlsbad (San Diego), Calif. who acquired the multi-tenant shop building for $2.5 million. The seller was Santa Cruz Center, LLC out of Los Angeles. Chris Hollenbeck and Shane Carter of Cushman & Wakefield’s Phoenix office represented the seller in the investment transaction.

 

Located at 3782 S. 16th Avenue, the 7,200-square-foot asset consists of an outparcel shop building to Fry’s Grocery (Kroger) that anchors the larger approximately 271,600-square-foot Santa Cruz Plaza also featuring Burlington Coat Factory, Boot Barn and other popular retailers.  

The shop building is 100% leased to a strong retail tenant roster comprising all national brands—Subway, Cricket Wireless, Nationwide Vision, and Affordable Dentures & Implants. Each of the four tenants have operated at this location between seven to 25 years. 

Chris Hollenbeck, Executive Director, said, “The buyers saw long-term opportunity in this property given its longstanding, extreme stability and in being anchored by a Fry’s grocery. Furthermore, the property’s strategic location right off the I-19 freeway, at the high-traffic intersection of Ajo Way, provides access to a large, densely populated trade area.”
 

Share on Facebook
Share on Twitter
Please reload

About Us

Arizona Contractor & Community magazine has become a vital forum for the state’s building industry by providing critical information and exposure to companies in the field. Moreover, the publication has expanded beyond traditional construction, architecture, and real estate topics and has found an audience with those who have fresh ideas on adaptive reuse of historic buildings or making new developments more community-friendly and sustainable.

  • Black Facebook Icon
Never Miss a Post!
Recent Posts:

Cruising Central – Then & Now

April 5, 2020

WOODSIDE HOMES JOINS LEADING BUILDERS OF AMERICA IN NATIONAL EFFORT TO COLLECT PROTECTION EQUIPMENT FOR HEALTHCARE WORKERS

April 3, 2020

Back When: The Name Isn't Paramount

April 2, 2020

1/17
Please reload

Serving the Construction & Engineering firms of Arizona... and those who admire their work!

  • LinkedIn - White Circle
  • Facebook - White Circle

© 2019 by Arizona Contractor & Community

  • Facebook - Black Circle
  • Instagram - Black Circle
  • LinkedIn - Black Circle