"I'd probably classify this a class B property in an A-pluslocation," says seller representative Art Wadlund, principal withHendicks & Partners' Tucson office. Because of the location, hecontinues, the asset at 4601 E. Skyline Dr. attracted more than 10offers.

The property is across the street from Skyline Country Club, oneof Tucson's oldest and well-known golf courses. It's also less thanone mile from the Westin La Paloma Resort and Golf Course, lessthan three miles from the Loews Ventana Canyon Resort and less thantwo miles away from La Encantada, a high-end retail center.

Wadlund tells GlobeSt.com that HLS got the nod fromChicago-based Equity due to certainty of closing. "They did somethings early on in the process that demonstrated it to the seller,and in this environment, it's very important," Wadlund says. Tofinance the acquisition, HLS took out a Freddie Mac loan throughDeutsche Bank.