TUCSON-Astoria Partners Ltd. has come away from negotiations with a local partnership, Boa Sorte LP, with 47.7 acres in the Sunbelt Industrial Center. The Vancouver, BC-based buyer has paid just north of $1 million for the land.

Stephen D. Cohen, a principal of Picor Commercial Real Estate Services in Tucson, says the buyer most likely will develop lots for resale to end users. The acreage fronts Old Vail Road near Rita Road. Picor principal Russell W. Hall and Cohen, whose firm is a Cushman & Wakefield alliance member, brokered the deal.

Cohen says he is marketing about 202 acres of the 250-acre Sunbelt Industrial Center for two different owners. “This is adjacent to the University of Arizona Science and Technology Park and the former Slim Fast plant, which is now owned by a Mexican food company, La Costena Foods,” he says. With Interstate 10 nearby, he says the land has good infrastructure in place.

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