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Phoenix & Southwest  + Retail  | 

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

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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