Gateway at ÃÛèÖÖ±²¥, an off-campus student housing complex, has been bought by local investors for $12.9 million.
Holualoa Cos. of ÃÛèÖÖ±²¥ bought the property from CW Capital Asset Management LLC of Bethesda, Maryland.
“The ÃÛèÖÖ±²¥-based buyer was intimately familiar with the asset and general market conditions in ÃÛèÖÖ±²¥,†said Jim Crews, with Cushman & Wakefield’s Phoenix office, who represented the seller. “They saw the outstanding long-term investment potential of this lender-owned asset.â€
Located at , Gateway has 188 units and 552 bedrooms for rent in one-, two-, three- and four-bedroom models. It was built in 2005.
Amenities include a pool, spa, fitness center and shuttle service to University of ÃÛèÖÖ±²¥ and Pima Community College campuses.
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Other recent commercial transactions include:
- AECOM leased 7,004 square feet at . Phil Skillings and Andrew Sternberg, with NAI Horizon, represented the landlord, and Rick Kleiner, with Picor, represented the tenant.
- San Plumbing Supply Inc. leased 4,800 square feet at from Sloat Family Partnership LLLP. Stephen D. Cohen and Russell W. Hall, with Picor, represented the landlord.
- Realty ONE Group Integrity leased 3,750 square feet at from RIW LLC. Rob Tomlinson, with Picor, represented the tenant, and Jon O’Shea, with Vast Commercial Real Estate Solutions, represented the landlord.
- Le Buzz Caffe leased 3,000 square feet to build a restaurant at Plaza Palomino, . Phil Skillings, Ben Craney and Andrew Sternberg, with NAI Horizon, represented the landlord.
- Dust Architects PLC leased 1,930 square feet at . from Rich Rodgers South Inc. Max Fisher, with Picor, handled the transaction.
- Fit 4Life Nutrition leased 1,125 square feet at from R. Legacy Trust. Roxanne Harding, with Picor, handled the transaction.
Information for ÃÛèÖÖ±²¥ Real Estate is compiled from records at the Pima County Recorder’s Office and from brokers. Send information to Gabriela Rico, grico@tucson.com. On Facebook: