C2 Tactical Indoor Shooting Range has purchased a 17,219 SF retail showroom building at Emerald Design Center near Warner Road and Interstate 10 in Tempe for $1.125M.
C2 purchased the property from Wells Fargo Bank. Construction will commence on a state-of-the-art, air conditioned 23-lane indoor shooting range, a 5,000 SF retail showroom, several training classrooms, corporate conference room, VIP area and a new training simulation room.
The buyer, led by investor Boe Bergeson, was represented by Rick Robertson of Lee & Associates Arizona. The seller was represented by Jan Fincham, Pat Dempsey and Chris McClurg, also of Lee & Associates Arizona.
Bergeson selected RJM Construction Company to do the tenant improvements and the new facility should be open in 1Q 2013.
C2 Tactical Indoor Shooting Range is joining several other new tenants in the 162,000 SF retail condo project adjacent to the IKEA store. In August, Lee & Associates represented Wells Fargo in the sale of a 21,568 SF showroom space to Aveda Institute of Denver, which will be opening a retail showroom, training facility and salon in a $1.725M transaction. RJM Construction will serve as general contractor for this TI as well.
Over the past year, five new tenants have leased approximately 40,000 SF of showroom space in the project that was constructed in 2007 by LGE Design Build.
The tenants are, Diamondback Billiards, Mattress RX, La Casona Furniture, LMC Home Entertainment and Furniture Fun.