MARANA, ARIZONA (August 25, 2022) – 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). The land is located at the SWC of Moore Road and Interstate 10 in Marana.
Northwest Hospital, LLC is owned by Community Health Systems in Franklin, Tennessee, and purchased the farmland in 2007 with the intent for a future hospital site here that is no longer needed. The transaction closed August 15.
The property was not on the market when Justin Lanne, Mike Chapman and Neil Davis of the Lanne Chapman Multifamily Group at NAI Horizon in Tucson brought the buyer and seller together.
The Lanne Chapman Multifamily Group focuses on multifamily improved product and the brokerage of multifamily land to the Development community. Lanne and Chapman have more than 30 years in the commercial brokerage business and have combined for $1.5 billion in real estate sales.
“This is a great opportunity for HSL Properties to continue its development of quality multifamily in the northwest sector of Tucson and Marana,” Lanne said.
This latest site for Encantada Gladden Farms is intended for development of a mixture of luxury apartments and townhomes.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit www.naiglobal.com.