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2/05/21
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Oracle Wetmore, a high-quality, 150.2k sf retail destination shopping center in Tucson, AZ, was purchased by an affiliate of Los Angeles-based Black Lion Investment Group Inc. The property is located at the southeast corner of Oracle Rd. and Wetmore Rd.
Originally developed in 2005, Oracle Wetmore is ideally located on heavily trafficked Oracle Road (SR 77), the dominant north/south arterial connecting Oro Valley to Tucson. Shadow-anchored by one of the nation’s largest home improvement stores, the retail center is home to over 90% national tenants.
Michael Hackett and Ryan Schubert with Cushman & Wakefield in Phoenix represented the seller, Texas-based Weingarten Realty, in the transaction. The price was not given out.
“Oracle Wetmore is a high-quality anchored retail asset,” said Michael Hackett. “Regional and daily needs assets in Arizona such as Oracle Wetmore have performed very well the last year.”
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