Oracle Wetmore
Case Studies
End Results
Oracle Wetmore now stands out as Tucson's premier commercial shopping center, boasting an exclusive tenant roster featuring renowned national chains like PetSmart, Walgreens, and Cost Plus World Market. With over half of its tenants having a decade-long presence, it holds a coveted status as the city's most famous retail space. Its state-of-the-art grounds and architecture eliminate the need for extensive capital improvements, allowing Black Lion to focus on attracting new tenants. Situated in the nationally recognized Oracle Retail Corridor, just two miles from other major shopping centers, it forms part of Tucson's most treasured strip of retail space. With a staggering 2.3 million annual visitors, drawn by its 153 restaurants and over 50 entertainment options, Oracle Wetmore stands as a testament to Black Lion's commitment to quality and excellence in its portfolio.
Problem
Oracle Wetmore, a pristine property boasting a 90% occupancy rate with renowned national chains, presented a coveted addition to the Black Lion portfolio. This acquisition epitomized the company's strategic, visionary approach to sustainable growth and redevelopment. Despite stiff competition, Black Lion seized the opportunity presented by COVID-19, emerging as the preferred buyer for this highly sought-after asset. Positioned at a prime intersection in Tucson, Oracle Wetmore stood as a gem in the eyes of commercial real estate companies. To secure the deal, Black Lion had to demonstrate its financial strength and expertise in managing properties of this caliber, outshining competitors and solidifying its reputation as a premier investment partner.