Tucson real estate: Land secured for new Greyhound terminal

The Greyhound bus terminal will soon have a permanent home.

The Rio Nuevo Multipurpose Facilities District bought 46,107 square feet of vacant land at 801 E. 12th St. from Broadway Euclid LLC for $575,000.

At its June 28 meeting, the Rio Nuevo board initiated an invitation for bids to construct the new Greyhound terminal near Broadway and Euclid.

The $1.9 million project will be awarded to the lowest bidder that meets the requirements. Bids will be opened at the end of July, with the contract being awarded almost immediately thereafter, officials said. Once the terminal is constructed, it will be leased to Greyhound Corp.

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Greyhound has been in a portable building near Broadway and Interstate 10 in downtown Tucson since 2006, when the city relocated the terminal from a site on Congress Street next to the Rialto Theatre to make way for student housing. It had been at the Congress Street site since 1969. The 1,500-square-foot terminal is expected to open by the end of the year.

Aaron LaPrise and Rob Tomlinson, with Picor, represented the seller, and Ian Stuart and Dave Blanchette, with CBRE, represented the buyer.

Other recent commercial transactions include:

• Caliber Hospitality bought the seven-story Hilton Tucson East for $9.27 million. The new owners plan an $8 million renovation of the 232-room hotel at 7600 E. Broadway. The property was bought in partnership with Caliber Distressed Real Estate Income Fund, and HMC Hospitality will manage the hotel’s day-to-day operations.
• Neuron LLC bought a 3,425-square-foot office building in the Hacienda Del Sol Office Complex, 2482 E. River Road, for $812,000. Tom Nieman, with Picor, represented the buyer, and Barbara Gibbons, with Long Realty Co., represented the seller, Baltic Avenue Holdings LLC.
• Charges 2 LLC bought a 5,000-square-foot industrial building at 1140 N. Rosemont Blvd. from Richmond Hills Investments LLC for $343,000. Brandon Rodgers, with Picor, represented the buyer, and Jim Robertson, with Realty Executives Tucson Elite, represented the seller.
• Amerita Inc. leased 6,089 square feet at 2002 N. Forbes Blvd. from Tucson North Forbes Ventures LLC. Ron Zimmerman, with Picor, represented the landlord and David Gallaher, with Tucson Industrial Realty LLC, represented the tenant.
• RMS Lifeline Inc. leased 5,800 square feet of industrial space at 325 S. Euclid Ave. from Pascoe Investment-Arizona LLC. Russell W. Hall, Stephen D. Cohen and Kelly Fickle, with Picor, represented the landlord. Lynn Taylor, with Whirlygig Properties LLC, represented the tenant.
• Shark Reef leased 2,062 square feet at Prince & Fairview Plaza, on the southwest corner of Prince Road and Fairview Avenue. Andy Seleznov and Melissa Lal represented the landlord, Larsen Baker.
• The Cool Products Co. leased 1,599 square feet in Exchange Place Business Center, 1870 W. Prince Road, from Presson Corp. Rob Glaser and Paul Hooker, with Picor, handled the transaction.
• Julie & Javier Cooper, dba J.J. Cooper’s Diner, leased 1,560 square feet at 5975 W. Western Way Circle from Trinum Properties LLC. Frank Arrotta, of Tucson Realty & Trust Co., represented both parties.
• Kai Huang, a foot reflexology business, leased 1,320 square feet at 5228 E. Grant Road from Maqsood & Sabina Enterprises LLC. Robert Nolan, of Oxford Realty Advisors, handled the transaction.
• DIY Cosmetics LLC leased 1,298 square feet in Central Point Business Plaza, 3959 E. Speedway, from Central Point Tucson LLC. Jeff Zellet, with Picor, handled the lease.
• Sar Oum, dba Queen Donut, leased 1,200 square feet at 5975 W. Western Way Circle from Trinum Properties LLC. Frank Arrotta of Tucson Realty & Trust Co. handled the lease.