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Class A Retail Center Goes for $17M

TUCSON—ORION Investment Real Estate completed the sale of Paloma Village Center in Tucson. The 37,739-square-foot center sold for $17.2 million to HRA Paloma LP, a commercial real estate entity affiliated with Hannay Realty Advisors based in Phoenix.

By Kristian Seemeyer | Updated on January 27, 2015

TUCSON—ORION Investment Real Estate completed the sale of Paloma Village Center in Tucson.  The 37,739-square-foot center sold for $17.2 million to HRA Paloma LP, a commercial real estate entity affiliated with Hannay Realty Advisors based in Phoenix. 

The national tenants occupying Paloma Village Center include Fleming’s, CVS Pharmacy, Starbucks and Verizon Wireless. Paloma Village Center is a well-positioned class A property located in the Catalina Foothills and is part of a 12.9 acre mixed-use development that also includes a 120-room flagship Embassy Suites Hotel, which was not included in this sale.

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