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Gilbert, Ariz. — New York City-based Surmount has arranged the $10.8 million sale of The Shops at Civic Center, a 25,690-square-foot neighborhood center located in Gilbert, a suburb of Phoenix. Constructed in 2005, The Shops at Civic Center is situated within the 180-acre Gilbert Town Center development. Tenants at the property, which was 95 percent leased at the time of sale, include Zipps Sports Grill, One Stop Nutrition and Lifetime Family Dental.
Ross Sanzari of Surmount served as the listing agent and represented the seller, a private investor, in the transaction. Charleston, South Carolina-based Bond Street REIT was the buyer. This transaction marks Bond Street REIT’s first acquisition in Arizona.