Sunbelt Holdings Continues Strong Tucson Activity into 2022 with New Lot sales and Verano Acquisition

Tucson, Arizona (March 11, 2022) – Sunbelt Holdings had a record year in 2021 in a number of its Tucson master-planned communities, and that activity shows no signs of slowing in 2022. Sunbelt continues to be one of the largest developers in the Tucson metro region with active, record-breaking projects such as La Estancia, Star Valley, Red Rock Village, and Sycamore Canyon.

Lennar Arizona recently closed on 237 lots in Block J and Block N (60’X120’ and 68’X120’) at Sunbelt’s Sycamore Canyon project in the Corona de Tucson area of Tucson. The lots back up to substantial open space and will feature wide ranging views. Construction on the lots will begin immediately.

In February, SBH Verano LP (Sunbelt Holdings) closed on approximately 700 acres for a new master-planned community, located near Tucson’s airport area/I-10 corridor and major employment base. The project, named Verano, is zoned for approximately 2,200 residential units and is anticipated to have lots available for sale to builders in early 2024. The seller in that transaction was South Wilmot Land Investors, LLC (Diamond Ventures, Inc, David Goldstein, President).

“We are proud to add Verano to our existing collection of Tucson master-planned communities,” said Greg Mohl, Vice President of Sunbelt Holdings. “Since entering the southwest submarket in 2015, our team has not only been focused on creating meaningful value at each of our properties, but proactive in delivering lots to homebuilders to meet the demands of the market. The addition of Lennar at Sycamore Canyon, and the acquisition of the Verano master-planned community further demonstrates our commitment to the Tucson market and homebuilders.”

Sunbelt has emerged as an efficient supplier of lots to Tucson’s homebuilders in a number of master-planned communities in the greater Tucson metro area. Sunbelt Holdings is well-positioned in Tucson, where large land holdings and infrastructure come at a premium. All-in-all, the company has acquired projects that will allow it to deliver between 7,000 and 10,000 lots to Tucson homebuilders over the next several years, which should make a meaningful impact in a market that expects to need upwards of 20,000 lots over the next 48 months alone.

Both transactions were handled by Will White and John Carroll of Land Advisors Organization -Tucson. Land Advisors has the marketing assignment for lot sales at Verano.

Will White with Land Advisors -Tucson said, “Tucson’s lot supply is getting tighter by the quarter. Sunbelt Holdings has stayed ahead of this by preparing new plats in their projects to meet the schedules of the area homebuilders. They also have identified new acquisitions around Tucson that will continue provide their homebuilder partners a solid pipeline for several years to come.”

For more information White and Carroll should be reached at 520.514.7454.

Read the full article at Real Estate Daily News.

Market Demand Accelerates at Rocking K

The Rocking K master-planned community, envisioned for decades, is now a thriving reality including robust home sales! Rocking K is Tucson’s newest foothills community, located at the base of the Rincon Mountains and abutting Saguaro National Park East. Tucson is surrounded by five mountain ranges, creating dramatic backdrops for our region’s most sought-after residential neighborhoods. Diamond Ventures assembled the 4,800 acres and planned Rocking K for approximately 6,700 homes, knowing that residents would never tire of the stunning views of the Rincon Mountains. The Rocking K development philosophy is to create a master-planned community set within the natural desert, driving the overall brand for the community, “Designed by Nature.”

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Tucson Tamale adds nearly 14,000 square feet to production footprint with opening of second facility

Tucson, Ariz. – Tucson Tamale, a Tucson-based company which makes hand-made, premium, healthy tamales for local sale and national distribution, today announced the opening of its second production facility to meet the growing demand for its award-winning tamales. The new 13,671 square foot facility is located at 102 W. 29th Street in South Tucson. The company’s other facility, which opened near W. Grant Road in 2015, will continue to operate, and the two locations together are expected to produce 10 million tamales next year.

In February of this year, Tucson Tamale and Diamond Ventures, both locally-owned Tucson companies, partnered in the purchase and renovation of the building which most recently housed Malone Meat and Poultry. The repurposing of this vacant food processing plant will continue the revitalization that is occurring in the region’s urban core.

“It is amazing to realize how far we have come since 2008, from that magical 1,000 square foot storefront on Broadway to having over 28,000 square feet of production and warehouse space today,” said Sherry Martin, co-founder of Tucson Tamale. “Our tamales are sold in 4,000 grocery stores in all 50 states, and we spread the tamale love by shipping our tamales to individuals and households as gifts as well as through recurring subscriptions. They are a great gift any time of year – but especially as we enter this holiday season. We are so proud that our tamales have become national food ambassadors for Tucson and our shared pride as a UNESCO City of Gastronomy.”

Todd Martin, co-founder of Tucson Tamale, added, “Our company’s success is defined by our great employees, suppliers, wholesale clients and loyal tamale lovers everywhere. The opportunity to collaborate with the City of South Tucson, and a local team led by Diamond Ventures, an experienced and highly respected developer, has been a great experience for all of us.”

Bill Kelley, chief financial officer at Diamond Ventures, noted, “We are pleased and excited to be a part of Tucson Tamale’s expansion in South Tucson. Working with the city has been great. This kind of project is what we do, and Diamond Ventures looks forward to continued opportunities to work on local business expansion as our regional economy recovers.”

In addition to the two production facilities that will collectively employ about 50 people, the company will continue to operate its two local restaurants and marketplaces, located at 7159 E. Tanque Verde Road and 7286 N. Oracle Road.

Tucson Tamale and Diamond Ventures celebrated the opening of the new facility at a special event last night. The event honored the community partnerships that made the expansion possible and highlighted the manufacturing technology in the new facility.