Bridge Investment Group Acquires Tucson Industrial Asset For $118.6M

The Tucson Commerce Center, located at 3610 East Valencia Road in Tucson, AZ, spans across 47.5 acres. The industrial property consists of two multi-tenant buildings totaling 504,163 square feet, alongside a fully leased 302,443-square-foot building. The sale price for this transaction was $118,600,000, with a price per square foot of $147.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $118,600,000
• Buyer: Bridge Investment Group
• Buyer's Representative: Tim Healy & Joseph Orscheln - CBRE
• Seller's Representative: Dean Wiley, Kirk Kuller, Michael Matchett, Molly Hunt & Will Strong - Cushman & Wakefield

Bridge Investment Group, represented by Tim Healy & Joseph Orscheln of CBRE, acquired the Tucson Commerce Center for $118.6 million. Additionally, an undisclosed buyer purchased a fully leased 302,443-square-foot building within the center for $39.6 million.