NAI Horizon’s Lanne Chapman Multifamily Group Negotiates Sale at Gladden Farms for $14.2M
MARANA, ARIZONA – HSL Properties (Omar Mireles, President) bought 57.8-acres of vacant land from Northwest Hospital, LLC in Gladden Farms for $14.2 million ($5.64 PSF), located at the southwest corner of Moore Road & I-10 in Marana. Northwest Hospital, LLC is owned by Community Health Systems in Franklin, Tennessee and purchased the farm land in 2007 with the intent for a future hospital site here that is no longer needed.
The transaction closed August 15th.
The property was not on the market when Justin Lanne, Mike Chapman and Neil Davis of the Lanne Chapman Multifamily Group at NAI Horizon (Tucson) brought the buyer and seller together.
HSL Properties is well known for creating multifamily communities for 50 years in Tucson, Phoenix, Casa Grande and Yuma. Recently opened communities include Encantada Saguaro National at 5750 S Houghton Road in Tucson and The Flin at 110 S Church Ave. in Tucson. Another Marana community purchased in 2018 and now under construction is Encantada Twin Peaks at 355 W Marana Center Blvd in Marana expected to open early 2023.
This latest site for Encantada Gladden Farms is intended for development of a mixture of luxury apartments and town homes.
For additional information, Lanne can be reached at 520.326.2200, Chapman should be contacted at 520.907.3470 and Davis is at 520.398.4984.