Bourn Companies Acquires 333-Acre Innovation Park In Oro Valley For $21.2M

A commercial property transaction occurred involving a 333-acre master-planned business park located at the northwest corner of Oracle Road and Tangerine Road in Oro Valley, Arizona. The sale price was $21,200,000. The asset includes tenants such as Roche Tissue Diagnostics, the University of Arizona Center for Innovation at Oro Valley, and Oro Valley Hospital.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $21,200,000
• Buyer: Don Bourn - Bourn Companies
• Seller: Chris Tabish - Venture West Group
• Brokers: Robert Glaser, Richard Kleiner, Greg Furrier, Alexis Corona, Natalie Furrier & Kate Zimmerman - Cushman & Wakefield

This transaction involved Venture West Group selling Innovation Park to Bourn Companies. The deal was facilitated by brokers affiliated with Cushman & Wakefield, showcasing the collaboration of multiple individuals in managing the transaction.