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Tucson-based Modular Mining Systems, Inc. (a wholly-owned subsidiary of Komatsu America Corporation) recently purchased the 31,100 sq. ft. office building at 3285 E. Hemisphere Loop in an all-cash transaction totaling approximately[mepr-show rules="58038"]$2.2 million ($71 PSF). The single-story, Energy Star-rated facility, situated on 277 acres in the Tucson International Business Park, formerly housed the US Drug Enforcement Administration (DEA). The DEA vacated the building in a consolidation move to its other location at 6970 S. Palo Verde Rd.
The seller, GPT Properties Trust, David Blackman, President; is a self-managed, self-administered real estate investment trust (REIT), and an affiliate of Government Properties Trust, Inc. (NYSE:GOV).
Scott Baker, VP of Support Services at Modular commented, “Over the next several months, we will remodel both our current 50,000 sq. ft. building (at 3289 E. Hemisphere Loop) and the new facility, to create a unified, campus-like environment.” Baker continued, “We needed more space to accommodate the expansion of our software and hardware development groups. With this in mind, we considered various options, such as building on land we already own, moving to a larger space in another location, or buying the empty facility next door. After evaluating the pros and cons, the latter option won out as being best for us. The old DEA building hasn’t been renovated since 1993 so we have plenty of work ahead, but we’re pleased with our decision.”
Founded in 1979, Modular Mining Systems, Inc. developed and brought to market the DISPATCH® fleet management system. With configurable hardware and software, this groundbreaking technology optimized the assignment of trucks to loading and dumping points in an open-pit mine and produced operating reports during the shift. Using this early success as a springboard for further innovation, Modular went on to develop the IntelliMine® mine management solution.
DISPATCH, ProVision®, MineCare®, and MineAlert™, comprise IntelliMine,addressing the big picture areas of operations, planning, maintenance, and safety. Powerful reporting and maintenance management tools integrate seamlessly and provide mines with the tools they need to carefully manage operations at all times. With more than 220 installations worldwide, IntelliMine is the mining industry’s solution of choice.
Tim Healy of CBRE in Tucson handled the transaction.
[mepr-show rules="58038"]Contact Baker at (520) 746-9127. Blackman can be reached at (617) 219-1440. Healy is at (520) 323-5119.[/mepr-show]