TIC investors dump Tucson building

Payroll giant fully occupies facility

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Tenant-in-common investors recently sold an approximately 136,000-square-foot office building in Tucson, Ariz., for an undisclosed price. The property, located at 2800 East Commerce, was built in 1999 on 15 acres. Amenities include an onsite fitness center, full-service cafeteria with outdoor patio, and onsite educational and recreational accommodations. The property includes a surface lot with 1,100 parking spaces for a parking ratio of 8.15 spaces per 1,000 square feet. At the time of sale, the property was 100 percent leased to payroll giant Intuit Inc., which recently renewed its lease for 10 years. The investors, which originally purchased the property in November 2004, sold it to Hidden Willows L.P. ...