Sales Transactions
1. An entity tracing to SkyREM purchased the Confluence industrial property at the SWC of the Casa Grande-Picacho Highway and North Sunland Gin Road in Pinal County for $51.6M. Opus Group sold the two-building property. JLL’s Greer Oliver, Ben Geelan, Bryce Beecher and Gigi Martin represented the seller.
2. Tratt Properties acquired the former KOREPlex battery plant site, a roughly 214-acre industrial development site in Buckeye, for $32.5M. The seller was KORE Power Inc., which purchased the property in 2022 for $29M before abandoning plans for a $1B lithium-ion battery manufacturing campus. The site is located off Baseline Road and State Route 85 and has been rebranded as B85 Tech Park.
3. BP Bridges Partners LLC sold four properties in the Tucson Marketplace at The Bridges. The site consists of an eight-suite strip center, two gas stations with convenience centers and a drive-thru coffee shop. Collectively, the properties were sold for $17.6M. JLL’s Nick Franklin handled each transaction. MTHREE-D Properties LLC purchased the coffee shop; Fleming and Mary Hjorting Co-Trustees (Hjorting Family Trust) purchased the Circle K; BP Bridges Partners LLC purchased the QuikTrip, and an affiliate of Curbline Properties LP purchased the Shops at the Bridges…