Venture West Group has sold Innovation Park, a 333-acre master-planned business park in Oro Valley, to Bourn Cos. for $21.2 million. The transaction encompassed approximately 30 parcels within the Innovation Corporate Center Business Park.
Robert Glaser, Richard Kleiner, Greg Furrier, Alexis Corona and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller in the transaction.
Located at the northwest corner of Oracle and Tangerine roads, the business park is home to a variety of tenants, including Roche Tissue Diagnostics, the University of Arizona Center for Innovation at Oro Valley and Oro Valley Hospital.
Bourn Companies envisions the property evolving into a mixed-use business park designed to attract and retain major employers while providing the services and amenities increasingly sought by today’s workforce.
Bourn Companies’ regional portfolio includes projects within Williams Centre and The Bridges, as well as Uptown, formerly Foothills Mall, The Landing and the forthcoming Cascada.
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