Two local real estate companies have merged to create the largest commercial property management and development group in Southern Arizona.
Larsen Baker acquired Romano Real Estate and the combined companies will manage and lease over 160 office buildings, shopping centers and industrial properties, said Melissa Lal, president of Larsen Baker.
βMerging with Larsen Baker was the perfect match for our property management portfolio to assure continued excellence of service to our clients for many years to come,β aid Bruce Romano, owner/broker of Romano Real Estate. βOur two companies, both Tucson originals, complement each other and have a very similar company culture.β
Larsen Baker manages and leases over 3.5 million square feet of retail, office and industrial property and Roman more than 1.5 million square feet of industrial properties in Tucson and Southern Arizona.
By the end of the year, the two companies will combine offices at 6298 E. Grant Road. Terms of the acquisition were not disclosed.
Bruce Romano will become an executive vice president of Larsen Baker and all of the Romano Real Estate property management staff will become employees of Larsen Baker LLC.
The two companies are reaching out to their property management clients to let them know about the merger, which is expected to be complete later this year.
Daiso β the popular Japanese discount store β opened its first Tucson store today/ Hundreds of eager Tucson shoppers lined up for the grand opening, with some shoppers getting in line as early as 5 a.m. for the 9 a.m. opening. The line snaked around the shopping center and was holding steady an hour after opening. Daiso is located in the Ventana Village Shopping Center, 6884 E. Sunrise Drive, in the 10,000-square-foot space formerly occupied by Tuesday Morning.
Video by Kimberly Kalil, Arizona Daily Star
