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Daily Needs Assets in Arizona Perform Well During COVID
Oracle Wetmore is a 150,170-square-foot retail destination shopping center located at the southeast corner of Oracle and Wetmore roads in Tucson. It was recently acquired by an affiliate of Los Angeles-based Black Lion Investment Group Inc. The purchase price was undisclosed.
Shadow-anchored by one of the nation’s largest home improvement stores, the retail center is home to more than 90% national tenants. The seller was Texas-based Weingarten Realty.
Michael Hackett and Ryan Schubert with Cushman & Wakefield in Phoenix represented the seller in the transaction.
“Oracle Wetmore is a high-quality anchored retail asset,” said Hackett. “Regional and daily needs assets in Arizona such as Oracle Wetmore have performed very well the last year.”
Originally developed in 2005, Oracle Wetmore is located on heavily trafficked Oracle Road (SR 77), the dominant north/south arterial connecting Oro Valley to Tucson.
For comments, questions or concerns, please contact Lisa Brown
- ◦Sale/Acquisition

