JLL Capital Markets announced today that it has secured the $53.85 million sale of Oracle Crossing, a grocery-anchored retail center located in Oro Valley, Arizona, an affluent suburb of Tucson.
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JLL represented the sellers, Oracle Crossings LLC and Oracle and Magee, LLC. The buyers were Oracle Station LLC and Oracle Station I LLC.
Oracle Crossings is strategically located at 7621-7755 N Oracle Rd., a prime location with excellent accessibility and visibility, with over 68,000 vehicles passing by daily. The property benefits from serving two of Tucson’s most affluent communities, the Catalina Foothills and Oro Valley, with an average household income exceeding $107,721 within a three-mile radius and a population of 147,603 within five miles.
Tucson, located in Pima County, Arizona, is the second largest city in Arizona with a population of over one million in its metropolitan statistical area. The city attracts more than 45 million annual overnight visitors and is home to the University of Arizona, which boasts over 48,000 students. Tucson offers an outstanding quality of life along with a diverse economy featuring aerospace and defense, healthcare, technology and tourism sectors.
The retail center was built in 2006 and spans approximately 30 acres, comprising 265,530 square feet of gross leasable area. Major tenants include Sprouts Farmers Market, which generated $664 per square foot in sales in 2024, with Kohl’s on a ground lease. The property is 96% leased to a diverse tenant roster featuring internet-resistant shop and pad tenants such as El Charro Cafe, Pacific Dental, Dunkin’ Donuts, Carbon Health, Brake Max, O’Reilly Automotive and Smashburger. The property includes eight outparcels located on separate parcels, providing future liquidity options. All major tenants over 8,000 square feet have occupied the property since it was built.
JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Director Patrick Dempsey, Senior Analyst Quin Madden, and Analyst Ross Jorgensen.
“The Buyer believed in the long term potential of the shopping center due to its outstanding location and strong tenancy,” Dempsey said. “Finding a property like Oracle Crossings for sale is quite rare in today’s retail market.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
