By Karen Schutte | Real Estate Daily News
A Tucson office property vacated in 2016 will soon undergo a significant revitalization effort to make it more desirable for businesses and better-suited for multitenant use.
Holualoa purchased the property located at 2202 N. Forbes Blvd. in Tucson. It is part of the larger Broadbent Interstate Center, which first took shape in the 1980s. The Forbes office building is a 58,000-square-foot back office building recently owned by Carondelet Healthcare. When Carondelet was purchased by Tenet Healthcare in 2016, Tenet moved its operations out of the building.
Holualoa Companies officially acquired the property on Sept. 6 for $2.6 million ($45 PSF) and plans a $4 million renovation to transform the space for a wide range of medical, office and other tenants to meet rising demand across the region. The property will feature a market-leading parking ratio of 9 spaces per 1,000-square-feet of rentable space.
