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HFF Arranges $24.5M Sale, $17.8 M Financing for Retail Center in Tucson

Safeway and Walgreens anchor Colonia Verde, a 98,937-square-foot retail center in Tucson.

Safeway and Walgreens anchor Colonia Verde, a 98,937-square-foot retail center in Tucson.

TUCSON, ARIZ. — HFF has arranged the $24.5 million sale of Colonia Verde, a 98,937-square-foot retail center in Tucson.

Gleb Lvovich of HFF arranged the transaction on behalf of the seller, Westwood Financial Corp., and Nick Kassab of HFF represented the buyer, ROK Properties Inc. Additionally, Jeremy Womack of HFF secured a 10-year, $17.8 million acquisition loan for the asset through a global financial services firm on behalf of the new owner.

Safeway and Walgreens anchor Colonia Verde, which was 99 percent leased at the time of sale to tenants including Ace Hardware, Wells Fargo, Panda Express, Coldstone Creamery and Jamba Juice.

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