For Star subscribers: Interest in shopping centers has grown as developers see the potential to build drive-thru restaurants on the large parking lots along roads with heavy traffic.
The Grant & Alvernon Shopping Center, at the southeast corner of Grant Road and Alvernon Way, was bought by Bob Camino Principal LLC, Pima County Recorder’s data shows.The 25,365-square-foot shopping center is about 73% occupied.
Craig Finfrock, of Commercial Retail Advisors, represented the seller, Grant & Alvernon Realty Trust. Broker Bob Zhang represented the buyer. Retail analysts say interest in shopping centers has grown as developers see the potential to build drive-thru restaurants on pad sites on the large parking lots along roads with heavy traffic, which the Grant & Alvernon site has plenty.Other local commercial transactions include:
Information for Tucson Real Estate is compiled from records at the Pima County Recorder's Office and from brokers. Send information to Gabriela Rico, [email protected] Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community.
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