Former Chinese market in Tucson barrio sells for $2.5M

The Tucson Industrial Authority bought the former Lee Ho Market at 600 S. Meyer Ave. in Barrio Viejo for $2.5 million.

The building, which dates back to 1900, served as a Chinese market for decades and was renovated more than 10 years ago into a solar-powered office for owners Haley & Aldrich.

Now the 11,429-square-foot building will be home to the Industrial Authority’s Avanza Program, which supplies loans to small business owners who are underserved in the banking industry.

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The purchase was approved by the city council in October.

Gordon Wagner, Justin Lanne and Mike Chapman, of NAI Horizon, handled the sale.

Other local commercial activity includes:

• Ridge Rock Residences LLC bought the 20-unit Twenty Lofts on Tenth, 824 E. 10th St., from The Twenty Lofts on Tenth LLC for $3.1 million. Allan Mendelsberg and Joey Martinez, with Picor, represented both parties.
• Nido4 LLC bought the 24-unit Mission at Mohave, 319 E. Mohave Road, from JRJS West Sac Investors LLC for $2.4 million. Allan Mendelsberg and Joey Martinez, with Picor, represented both parties.
• 660 Valencia LLC purchased the 3,630-square-foot building at 660 W. Valencia Road for $690,000. Michael Gross, with Tucson Realty & Trust Co., represented the seller and Scott Soelter, with NAI Horizon, represented the buyer.
• 880 E Benson Hwy LLC bought the former gas station at 880 E. Benson Highway for $415,000. Gordon Wagner and Ben Craney, with NAI Horizon, represented the seller and Southwest Urban Realty LLC represented the buyer.
• Beatus Canis LLC, dba Felix Copper & Wood, leased 8,000 square feet of industrial space at 2055 E. 17th St. from
  • Long Far Investments LLC. Paul Hooker, with Picor, represented the landlord.
  • The Denq Clinic leased 2,120 square feet of office space at 1605 E. River Road from Macalu Partners LLC. Dave Hammack, with Picor, represented the tenant and Karen Kobylinski, with Venture West Real Estate Services LLC, represented the landlord.
  • Hart Technology Solutions LLC leased 1,502 square feet in El Dorado Square, 1200 N. El Dorado Place. The company offers IT services. The landlord, Larsen Baker, was represented by its broker Isaac Figueroa. David Montijo, with CBRE, represented the tenant.
  • Prisca African Market and Design LLC leased 400 square feet of industrial space at Town Central Business Park, 4901-5069 E. 29th St., from Pegasus Tucson Owner LLC. Paul Hooker and Andrew Keim, with Picor, represented the landlord.