Westwood Financial Sells Sonora Village for $46.5 Million

Scottsdale, Ariz. — The 248,322-square-foot center is 82 percent leased.

Tenants in Sonora Village include Staples, Best Buy and Studio Movie Grill.Scottsdale, Ariz.  — Los Angeles-based Westwood Financial Corp. has sold the 248,322-square-foot Sonora Village in Scottsdale to Sonora Village Investors, LLC for $46.5 million. The 33-suite shopping center was originally built in 1996 and is currently 82 percent leased to tenants such as Best Buy, Staples, Studio Movie Grill, Party City, Aaron Brothers and Peter Piper Pizza.

Jan Fincham and Patrick Dempsey of Lee & Associates’ Phoenix office represented Westwood Financial in the transaction. The buyer is an investment group formed by real estate investors Bob Mariash and Ryan Denk.