The Tucson Mall at 4500 North Oracle Road has been put on the market. Michael Hackett, Ryan Schubert and Zach Aulick of CBRE National Retail Partners Desert Southwest in Phoenix are marketing the property.
With over 1.3 million square feet, Tucson Mall features a mix of over 170 stores and services, including department stores, specialty retailers, and dining establishments.
Built in 1982 and expanded in 2010, Tucson Mall’s anchors include Macy’s, Dillard’s, JC Penney, a brand new Curacao Department Store, Dicks’s Sporting Goods, and REI. A former Sears is controlled by Transformco, which controls most of the former Sears assets.
The project occupies over 91 acres, with 88.7 acres ground leased for $400,000 annually from a local family with the term through 12/31/2076 and 2.8 acres owned fee simple.
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