Also in late August, an affiliate of Cottonwood Properties announced it will be constructing and leasing a 60,000-sq.-ft. distribution facility near Tucson, Ariz., for Ventana Medical Systems, Inc., a member of the Roche Group. The new facility is located in Tangerine Commerce Park, and is the first development within the 100-acre business park in Mariana. Bill Di Vito and Jesse Blum with CBRE’s Tucson office represented Cottonwood in the transaction. Ventana was represented by Dev Gupta with DTZ.
“The Tangerine Corridor is an ideal location for this type of development,” said CBRE’s Di Vito. “Freeway access and the availability of larger commercial parcels will attract other logistics and employment users to the area, establishing it as the next major commercial hub in greater Tucson.”
Ventana Medical Systems, Inc., headquartered at Innovation Park in nearby Oro Valley, Ariz., is a member of the Roche Group and is a world leader and innovator of tissue-based cancer diagnostic solutions for patients worldwide. The new facility will function as a multi-use distribution facility with some assembly to support its facility in Oro Valley (pictured).