A retail strip across from Park Place has been bought for renovations with the potential to house 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 has three buildings built in 1979.
“This property attracted this buyer for its positioning in the regional mall area that is surrounded by corporate offices, major retailers and restaurants, hotels, and near Davis-Monthan Air Force Base,” said Nancy McClure with 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 lease to smaller tenants in retail, service, and medical,” McClure said.
The center sits on 2.96 acres.
Benjamin Wilder, director of the Desert Laboratory on Tumamoc Hill, explains why the site is the heartbeat of the Tucson region. The 860-acre ecological reserve is visited by hundreds of people daily who climb the 1.5-mile hill for exercise. Wilder says visitors are walking through a history of plants, ecology and people. Video by: Mamta Popat / Arizona Daily Star, Jan. 14, 2021
Other recent commercial transactions include:
- Tania’s Flour Tortillas and Mexican Food will open a second location, in Sahuarita. It leased 1,200 square feet in the Rancho Sahuarita Marketplace, at Interstate 19 and Sahuarita Road. Aaron LaPrise and Dave Hammack, with Picor, represented the landlord.
- Pohle NV Center Inc. leased 5,200 square feet of retail space from Sally T. Taylor in Costco Plaza, 3951 W. Costco Drive. Dave Hammack, with Picor, represented the tenant and Dave Carroll, with Romano Real Estate Corp., represented the landlord.
- Palo Verde Church of Christ Corp. leased 3,721 square feet of space from San Vicente Properties LLC in 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 leased 2,400 square feet at 5443 E. 22nd St. for a restaurant serving Caribbean, Jamaican and American fusion cuisine. The landlord, Larsen Baker, was represented by its brokers Isaac Figueroa and Elaina Elliot.
- Marana Health and Wellness leased 1,200 square feet in the Northwest Design Center, at Orange Grove and Thornydale roads. The landlord, Larsen Baker, was represented by its brokers Isaac Figueroa and Elaina Elliot.
Photos: Park Place and Tucson Mall reopen
Park Place and Tucson Mall reopen
Updated
Rosemary Garcia waits for a family member outside of a store at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
Customers stand a few feet apart while ordering lunch at Charley's inside Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
Customers stand a few feet apart while they wait to enter Finish Line at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
Antoni Barnes, center, supervisor of house cleaning, cleans a chair at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
A group of friends each lunch in the food court at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
Carolina Castillo, house keeping staff member, wipes down a chair and table in the food court at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
Don Tongue, left, supervising officer, hands a customer a mask using tongs at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
Customers maintain a little distance between one anther as they wait outside of Forever 21 at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
Carolina Castillo, house keeping staff member, wipes down a chair and table in the food court at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
Tatianna Arriaga, far left, Zumiez store manager, and Derek Leahy, assistant store manager, stand in the front doorway of Zumiez to inform customers when then can enter the store at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
Carolina Castillo, house keeping staff member, wipes down door handles at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Updated
A customers quickly gets some hand sanitizer at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
Park Place and Tucson Mall reopen
Park Place and Tucson Mall reopen
Customers sit at tables spaced six feet apart in front of Tuttie Frutti and Wetzel's Pretzels at Park Place, 5870 E. Broadway Blvd., in Tucson, Ariz. on May 19, 2020.
