News

Meritage closes on lots in Marana

MARANA, ARIZONA (September 15th, 2023) — Meritage Homes closed on the 150-lot Summerstone plat in the infill area of Continental Ranch. Meritage paid $4,500,000 ($30,000 per lot). Coachline 2020, LLC, an affiliate of Crown West Land Group – Dean Wingert, President, sold the lots. The transaction closed on September 11, 2023.

The new community of Summerstone consists of 41 acres fronting Coachline Boulevard, close to the Continental Ranch master-planned community in the northwest submarket. The lots are less than two miles from major retail services and less than three miles from Interstate 10 and the Tucson Premium Outlets. The project sold partially graded and platted for 150 – 40’x120’ residential lots. It also features an extraordinary amount of open space, with over 11 acres planned

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New Owner at Gladden Farms Marketplace, Barclay Group, Bringing Fry’s Food Store to Marana

MARANA, ARIZONA, May 4, 2023 – Barclay Holdings CXXII, LLC, an affiliate of Barclay Group in Phoenix (Dennis Barr, Senior Vice President/ Development), acquired the Gladden Farms Marketplace out parcels for $4.9 million ($12 PSF) for 9.65 acres with entitlements and improvements at the northeast corner of Tangerine Road and Lon Adams in Marana. The seller, Weingarten / Kimco Realty Corporation of Fort Worth, TX, bought the land in 2006.

Barclay Group is an active developer, owner, and operator of shopping centers in 15 states. The company owns and operates the shopping centers of Rooney Ranch, at Oracle and 1st Ave. in Oro Valley, Old Spanish Trail Crossing at 22nd St and Harrison in Tucson, and multiple Fry’s Foods Anchored Pads around Arizona.

The Gladden

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Marana getting long-awaited Fry's grocery store

After years of trying to secure a grocery store in Marana's Gladden Farms, one is coming next year.

A Fry's Super Store will be built at Lon Adams and Tangerine roads, town officials say.

The company has owned the land since 2006 and when the recession hit, plans for the store were halted.

In 2018, the company tried to sell the vacant lot without success.

Recently, it announced renewed plans build a grocery store, Marana officials said.

Gladden Farms is a rapidly growing community and residents have long been asking for a grocery store in the area.

There will be supporting retail around the new Fry's, possibly including restaurants.

The company is expected to break ground this coming summer.

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HSL Properties adds to their Portfolio with key parcel in The Crossroads at Gladden

TUCSON, ARIZONA (December 23, 2022) — HSL Gladden Farms Crossroads Block 3, LLC an affiliate of HSL Properties, Inc. of Tucson (Omar Mireles, President) closed on +/- 22 acres known as Block 3 of The Crossroads at Gladden specific plan in Marana. The purchase price was $6,349,058 ($288,594 per acre).

The parcel is located just north of the highly visible corner of Tangerine Road and Clark Farms Boulevard in north Marana. The parcel was sold by the developer Tangerine 2021, LLC an affiliate of Crown West Land Group of Tucson (Dean Wingert, Vice President).

The Crossroads at Gladden masterplan has been the hub of new industrial and commercial activity in addition to the large ongoing residential development at the Gladden Farms master-planned community next door

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MODERNE Communities Closes on 14-Acres at Gladden Farms

MARANA, Arizona – Oct. 7, 2022 – MODERNE Communities recently closed on its purchase of 14-acres from Gladden Phase II, LLC for $4.35 million ($24,000 per lot). The parcel is situated within the Gladden master planned community in Marana, where MODERNE Communities will develop a build-to-rent community - MODERNE at Gladden Farms. Construction is targeted to begin on the gated community of 182 single-family homes for rent in 2023.

The community will include a mix of one-, two-, and three-bedroom units ranging from approximately 839 to 1,565 square feet. The gated community will include twenty-four-hour security, pocket parks, a community fitness center, clubhouse, resort-style pool, barbecue areas and electric car charging stations.

“We are excited to be building a community in Gladden Farms,” states Randy

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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

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SFR Investors Continue their Development Push with New Build-to-Rent Projects

Close to 5 percent of all the single-family houses that developers started to build in 2022 are planned to be operated as rental houses.

Bendix Anderson | Jun 07, 2022

Developers will start construction on tens of thousands of new rental houses in 2022.

The biggest companies that own and operate single-family rental (SFR) housing— like the REITs Invitation Homes, Tricon and American Homes 4 Rent—are all creating thousands of new, build-to-rent houses. These homes are rising in subdivisions planned from the start to operate as rentals, with shared amenities for the renters like swimming pools and pet parks.

These same companies often still buy individual, existing houses to renovate and operate as rental homes—even though home prices are rising as fast or faster

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Flint Development Acquires 129 Acres for Large Industrial Distribution Development at The Crossroads at Gladden

Marana, AZ – Flint Development (“Flint”) acquired two parcels totaling 129 acres from an affiliate of Crown West Land Group within the Crossroads at Gladden (“Crossroads”) development located at Tangerine Road and Interstate 10. Flint Development is a commercial real estate development firm based in Kansas City, specializing in industrial, multi-family and senior living development throughout the country. Flint has over 50 years of combined experience and a proven history in development projects making positive impacts in communities. The acquisition encompasses Blocks 1 and 2 of Crossroads, bounded by Clark Farms Boulevard on the West and Interstate 10 to the East. Flint plans to develop over 1,700,000 square feet of Class “A” industrial space, with the first two spec buildings totaling nearly 1,000,000 square feet

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Star Valley Continues to roll with Lennar and HSL Buys into Gladden Farms before year ends

HSL Gladden Farms, LLC closed on 17 acres in Block 43 of the Gladden Farms master-planned community. The parcel is located at the NWC of Tangerine Road and Clark Farms Boulevard in Marana. The parcel was sold by the developer Gladden Phase II, LLC (Crown West Residential Group, Dean Wingert, Vice President).

This block will be planned for future multi-family development. Gladden Farms is a 1,350-acre master planned community in northern Marana, just west of Interstate 10 between Tangerine and Moore Roads. The master-plan was the top performing community in the Tucson area in 2021 and is home to 6 home builders - Meritage Homes, Richmond American, Lennar, Pulte Homes, KB Home, and Mattamy Homes.

Gladden Farms continues to have a record-breaking year both in

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38 acres of land in Buckeye sells for $2.4M

A subsidiary of Petrus Partners LTD in New York — Encanto 2020, LLC — has purchased 38 acres of land in Buckeye, Arizona for $2.4 million. Kidder Mathews Vice President Brian Rosella represented the seller, Mike Geddes with Jackencanto, LLC, in the transaction.

Development plans for the property, located at Jackrabbit Trail & Encanto Boulevard, include 103 residential lots and five acres of commercial space.

“The residential land market is still on fire as developers and builders are looking in all parts of the valley for more land to feed the continued influx of new residents moving to Phoenix,” said Rosella.

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