A mid-century building in central Tucson that formerly housed Chase Bank has been sold for possible redevelopment.
The 6,208-square-foot building at 2465 N. Campbell Ave. exchanged hands twice.
Union Hospitality Group bought it from JPMorgan Chase Bank NA for $2.4 million in a transaction handled by Picor brokers Greg Furrier, Natalie Furrier and Dave Hammack. They then sold it to an affiliate of Larsen Baker, in partnership with Repp Mclain and Ambrell Capital, also for $2.4 million. Isaac Figueroa, with Larsen Baker, represented the buyer.
The partnership’s plans may include adaptively reusing the existing building or redeveloping the property.
The former Chase Bank branch at 2465 N. Campbell Ave., north of East Grant Road, is set to be redeveloped after being sold.
“This site is a rare find not only because it has nearly an acre of land on Campbell, but the mid-century building is also very attractive, adaptable to a lot of different uses,” said Melissa Lal, CEO of Larsen Baker.
Other local commercial activity includes:
- Kolb Office Park, a two-building complex located at 2090 and 2096 N. Kolb Road, sold to Kolb Norte LLC for $3.5 million. The buyer was represented by Matthew Wright and Rick Euble, with Realty One Group. Isaac Figueroa, with Larsen Baker, represented the seller, Kolb Office Park LLC.
- SOLON Corp., a solar energy storage contractor, bought 12,690 square feet of industrial space at 3366 N. Dodge Blvd. from Coopers DIY LLC for $1.9 million. Jesse Blum and Jason Shaltiel, with Picor, represented the buyer. Buzz Isaacson, with CBRE, represented the seller.
- Kurt S. DeMeire bought the 16-unit Kilburn Apartments, 1442-1448 E. Kilburn Ave., from Ando LLC and Gary H Rieman and Phyllis C Rieman Trust for $1.6 million. Allan Mendelsberg and Joey Martinez, with Picor, represented both parties.
- Papa John Properties LLC leased 19,678 square feet at 3191 E. 44th St. Tim Healy, with CBRE, handled the lease.
- Cycle Nation LLC, dba Pima Street Bicycle, which offers bike sales and repairs, leased 1,444 square feet at the Rancho Center, 3400 E. Speedway. The landlord, Larsen Baker, was represented by its broker, Isaac Figueroa and Jennie Silverthorn, of Jason Mitchell Real Estate, represented the tenant.
