Tucson, AZ, March 14, 2014 – The 82,942 sq. ft. Muscular Dystrophy Association offices at 3300 E. Sunrise Drive were sold today to an affiliate of Larsen Baker, LLC. The purchase price was $9.1 million.
MDA will remain as the major tenant in the offices and said it looks forward to working with Larsen Baker as the MDA building transitions into a multi-tenant corporate office complex to be called The Offices at La Paloma. Last September, MDA announced it was putting the facility up for sale, but would be keeping the majority of its employees in Tucson.
Don Baker, co-owner of Larsen Baker, released an architectural rendering of how the former single tenant building will be repurposed to serve as corporate offices for multiple executive users. Larsen Baker plans to make improvements to the entry drive, landscaping and signage and then work with TREO to implement a nationwide search for corporate headquarters that could relocate to Tucson.
Richard Kleiner, MBA, Principal of Cushman & Wakefield|PICOR, and Eric Sorensen, Senior Director of Cushman & Wakefield, represented the Seller. Larsen Baker, LLC and Chapman Lindsey Commercial Real Estate Services represented the Buyer.