Prairie Hill Holdings Acquires Rillito Crossing Marketplace In Tucson For $27.5M

Prairie Hill Holdings has acquired Tucson's Rillito Crossing Marketplace for $27.5 million, marking their first acquisition in the city. The property, located on North 1st Avenue, spans across 96,424 square feet and is primarily leased, with 97% occupancy. Notable tenants include Sprouts and LA Fitness. The sale was facilitated by Epic Real Estate Partners, represented by Daniel J. Holland, while Prairie Hill Holdings was represented by Matthew Sandretto.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $27,500,000
• Address: North 1st Avenue, Tucson, AZ
• Market: Tucson, AZ
• SF (Square Footage): 96,424
• PPSF (Price Per Square Foot): $285

Bryan Ley and Patrick Dempsey from JLL served as the brokers for the deal, assisting both the buyer and seller in the transaction. This acquisition presents an opportunity for Prairie Hill Holdings to establish its presence in Tucson's real estate market and leverage the strong performance of the Rillito Crossing Marketplace.