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Phoenix & Southwest  + Arizona  + Retail  |  February 4, 2022
Cushman & Wakefield arranged the sale of Tucson Fiesta Shopping Center in Tucson to Alturas Real Estate Funds
Paul Bubny
By: Paul Bubny

Idaho Investor Scoops Up Tucson Retail 

Cushman & Wakefield brokered the sale of Tucson Fiesta, a 93,005-square-foot shopping center asset in Tucson. Located at the corner of Oracle Road and Limberlost Drive, the asset consists of three retail anchor buildings at 4215, 4225 and 4235 N Oracle Rd. that are fully leased to three major retailers in the discount furniture, clothing, and golf industries. 
 
Eagle, ID-based Alturas Real Estate Funds acquired the property for $14.6 million from EVT Tucson Fiesta, LLC. Cushman & Wakefield’s Chris Hollenbeck represented the buyer.   
 
“Tucson Fiesta was a very attractive investment acquisition with a super tenancy of well-established, high-quality brands and a desirable location along heavily trafficked Oracle Road and across the street from the premier dining and entertainment district of Tucson,” said Hollenbeck. “Buyers from across the country remain drawn to commercial properties in Arizona.”

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Inside The Story

CushWake's Hollenbeck

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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