Phoenix — An affiliate of Capstone Advisors has purchased a retail portion of Tuscano Town Center. The full complex totals 250,331 square feet and is located at the southwest corner of West Lower Buckeye Road and South 75th Avenue in the Tuscano master-planned community in southwest Phoenix. Terms of the transaction were not released. At the time of sale, the 18,037-square-foot retail section was 100 percent leased to 12 tenants, including Allstate Insurance, GameStop, Sally Beauty, Subway and T-Mobile. Matt Milinovich and James DeCremer of Strategic Retail Group will continue to handle leasing. Ryan Schubert and Michael Hackett of Cushman & Wakefield represented the seller, while Capstone was self-represented in the transaction. La Jolla, California-based Silvergate Bank of provided financing for the acquisition.
Allstate Insurance, GameStop, Sally Beauty, Subway and T-Mobile occupy the 18,037-square-foot retail portion, which was acquired by an affiliate of Capstone Advisors.
Capstone Advisors Acquires 18,037-Square-Foot Retail Space at Tuscano Town Center in Phoenix
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