Limestone Asset Management and Orion Real Estate Group Sell / Close Two Arizona Backcountry Steakhouse Properties for Combined $ 8.68 Million


MIAMI, September 28, 2021 / PRNewswire / – Miami-based Limestone Asset Management, through a joint venture with Orion Real Estate Group, has sold / closed two Outback Steakhouse properties to Tucson and Mesa, Arizona for a handset $ 8.68 million to August 31, 2021. Limestone Asset Management invests and acquires real estate properties across all asset classes through North America.

The 6,228 square feet Tucson property, located at 4871 E Grant Rd, Tucson, Arizona 85712, closed at $ 4,214,979.17. The Mesa property, measuring 6,253 square feet, is located at 1860 E. McKellips Rd, Mesa, Arizona 85203, and closed at $ 4,465,333.33.

Chris Sanz, executive vice president of Orion Real Estate Group, led the vendor group, Limestone OUTB AZ, LLC. The buyer is InCommercial Net Lese DST 4.

“We are very happy to have sold these two Outback Steakhouse properties to Arizona,” noted Ibrahim Al Rashid, Chairman of Limestone Asset Management. “These sales represent how Limestone continues to evolve its portfolio across all asset classes.”

Limestone Asset Management is a subsidiary of Orion Real Estate Group, its joint venture partner in the transaction. Limestone Asset Management uses the expertise of Orion Real Estate Group to carry out all of its North Americabased transactions.

About Limestone Asset Management: MiamiLimestone Asset Management was founded in 2010 and invests and acquires real estate properties in all asset classes through North America. For more information visit

About the Orion real estate group: Orion Real Estate Group provides commercial real estate services to investor clients around the world. Since its founding in 1978, the company has been involved in more than $ 4 billion in transactions and has a portfolio exceeding $ 800 million. Its head office is located at 200 S. Biscayne Blvd, 7th Floor, Miami, Florida 33131. For more information, visit or dial (305) 278-8400 or 1-888-255-4502.

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