TUCSON—The 82,942-square-foot Muscular Dystrophy Association offices at 3300 E. Sunrise Drive were sold to an affiliate of Larsen Baker, LLC. The purchase price was $9.1 million.
MDA will remain as the major tenant in the offices and said it looks forward to working with Larsen Baker as the MDA building transitions into a multi-tenant corporate office complex to be called The Offices at La Paloma. Last September, MDA announced it was putting the facility up for sale, but would be keeping the vast majority of its employees in Tucson.
Don Baker, co-owner of Larsen Baker, released an architectural rendering of how the former single tenant building will be repurposed to serve as corporate offices for multiple executive users. Larsen Baker plans to make improvements to the entry drive, landscaping and signage and then work with TREO to implement a nationwide search for corporate headquarters that could relocate to Tucson.
Richard Kleiner, principal of Cushman & Wakefield|PICOR, and Eric Sorensen, senior director of Cushman & Wakefield, represented the seller. Larsen Baker LLC and Chapman Lindsey Commercial Real Estate Services represented the Buyer.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.