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Arizona

East Gate Plaza
ArizonaDevelopmentNews

Diversified Partners Developing $60 Million Retail Center in Mesa, Arizona

by Abby Cox

Mesa, Ariz. — Scottsdale, Arizona-based Diversified Partners is under construction with East Gate Plaza, a $60 million retail center located in Mesa. Spanning approximately 17 acres, the development will be situated north of the master-planned community of Eastmark and near the Mesa Tech Corridor. Confirmed tenants at the property are Starbucks Coffee, Einstein Bros. Bagels, Discount Tire, FitFX, WingSnob, Señor Taco, Farmer Boys, Zeitouna, Fresh Monkee, Port of Subs, Ono Hawaiian BBQ, Euphoria Nail Salon, Playa Bowls, Hand & Stone Spa, Kolache Café and Andi’s Hair Salon. Additional tenants include …

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Queen Creek Crossing
ArizonaDevelopmentGrocery-anchoredNews

Vestar Completes 400,000-Square-Foot Queen Creek Crossing in Metro Phoenix 

by Abby Cox

Queen Creek, Ariz. — Vestar has completed Queen Creek Crossing, a 400,000-square-foot retail development located in Queen Creek, approximately 40 miles southeast of Phoenix. Costco anchors the property, which is fully leased. Other tenants include Ashley Furniture, Hobby Lobby, BJ’s Restaurant and Brewhouse, Ono Hawaiian BBQ, Smoothie King, Sleep Number, Fleet Feet, Well Groomed Pets, Desert Financial Credit Union, Natural Pediatrix, Gallery Nails and Snip-Its. Additionally, The Habit Burger and Grill is scheduled to debut in December, while U.S. Bank is expected to open in late 2026. The 31-acre development originally …

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Southbridge Marketplace
ArizonaDevelopmentGrocery-anchoredNews

Thompson Thrift, Forest Creek Ventures Break Ground on Second Phase of Southbridge Marketplace in Maricopa, Arizona

by Abby Cox

Maricopa, Ariz. — A partnership between Thompson Thrift and Forest Creek Ventures has broken ground on the second phase of Southbridge Marketplace in Maricopa. The 56,000-square-foot expansion will comprise a 21,000-square-foot Aldi, which will anchor the property. In addition to Aldi, the second phase will include 20,000 square feet of attached retail, along with 15,700 square feet of retail across four outparcels. Signed tenants include a drive-thru Panera Bread, Tropical Smoothie Café, Einstein Bros. Bagels, Club Pilates, European Wax Center and She Nail Lounge. Available spaces for lease include four …

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Ninety-Nine-Ave
ArizonaGrocery-anchoredInvestment salesNews

Phoenix Commercial Advisors Brokers $30.7 Million Sale of Sprouts Farmers Market-Anchored Retail Center

by Abby Cox

Phoenix — Phoenix Commercial Advisors has arranged the sale of Ninety Nine Ave, a 47,201-square-foot, grocery-anchored retail center in Phoenix. A private buyer acquired the property from the developer for $30.7 million in an all-cash transaction. Ninety Nine Ave was fully leased at the time of sale to a mix of tenants including Sprouts Farmers Market, CAVA, Hand & Stone and Mountain Mike’s Pizza. The property was newly constructed in 2024 on 5.3 acres, according to LoopNet. Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the seller in the …

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Marketplace Beaumont
ArizonaCaliforniaInvestment salesNews

TriPost Capital Partners with Brixton to Acquire Stake in Grocery-Anchored Retail Portfolio

by Abby Cox

Beaumont, Calif. and Phoenix — TriPost Capital Partners has acquired a stake in a two-property, grocery-anchored retail portfolio, in partnership with existing owner Brixton Capital LLC. The first property, Marketplace Beaumont in Beaumont, California, totals 177,000 square feet and is 99 percent occupied. Aldi anchors the center, which includes a mix of other tenants including Ross, HomeGoods and Best Buy. The second property, Palmilla Center in Phoenix, encompasses 104,000 square feet and is shadow anchored by Fry’s Food and Drug. The center is 99 percent leased to retailers such as OfficeMax, …

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Westgate Entertainment District
ArizonaLeasingMixed-useNews

Western Real Estate Advisors to Provide Leasing for Westgate Entertainment District in Metro Phoenix

by Abby Cox

Glendale, Ariz. — Western Real Estate Advisors has been selected to provide leasing for the retail portion of Westgate Entertainment District, a 623,734-square-foot super-regional mixed-use project under development in Glendale, roughly nine miles northwest of downtown Phoenix. Charles Skaggs, Noah Anastassatos and Haley Perez of Western Retail Advisors will lead leasing efforts at the property, which is owned and operated by YAM Properties LLC. The retail portion of the Westgate Entertainment District, which is 98 percent leased, features 388,885 square feet of shops, eateries and entertainment venues across 15 buildings. Tenants …

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Chandler Shopping Center portfolio
ArizonaFinanceNews

JLL Arranges $73.3 Million Refinancing for Two Shopping Centers in Suburban Phoenix

by Abby Cox

Chandler, Ariz. — JLL Capital Markets has arranged $73.3 million in permanent financing for two shopping centers totaling 616,639 square feet in the Phoenix suburb of Chandler. The first property, Chandler Festival, spans 354,548 square feet and features a mix of tenants including T.J. Maxx, Ross Dress for Less, Nordstrom Rack and PetSmart. The second property, Chandler Gateway, encompasses 262,091 square feet and is anchored by Walmart and Hobby Lobby. Kevin MacKenzie, Jon Mikula, Jason Carlos, Quin Madden and Tyler Naughten of JLL arranged the five-year, fixed-rate loans on behalf of …

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Lindsay Square
ArizonaInvestment salesNews

Kidder Mathews Arranges Sale of Lindsay Square in Suburban Phoenix for $13 Million

by Abby Cox

Gilbert, Ariz. — Kidder Mathews has arranged the $13 million sale of Lindsay Square, a 46,728-square-foot neighborhood shopping center located in Gilbert, a suburb of Phoenix. Tenants at the property include a mix of service-oriented retailers such as a daycare, fitness center, veterinary clinic, dry cleaner and specialty schools, as well as various restaurants. Jenette Bennett and Michelle Gardner of Kidder Mathews represented the buyer, a Washington-based family investment firm.

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Laveen Towne Center
ArizonaCompany newsDevelopmentNews

Vestar to Develop 500,000-Square-Foot Laveen Towne Center in Southwest Phoenix

by Abby Cox

Phoenix — Vestar has received approval from the Village Planning Committee to develop Laveen Towne Center, an open-air shopping center in Phoenix’s southwest submarket of Laveen. Set to break ground in summer 2026 with a grand opening targeted for winter 2027, Laveen Towne Center will feature 500,000 square feet of retail, dining and entertainment space across 90 acres. Vestar plans to preserve the character and charm of the area through the project’s design and programming. The development will reuse existing materials and features found onsite, including from the Hudson Farmhouse, …

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Stetson Village Shopping Center
ArizonaGrocery-anchoredInvestment salesNews

Longpoint Partners Acquires 144,192-Square-Foot Stetson Village Shopping Center in Phoenix

by Abby Cox

Phoenix — Lena Centers, a subsidiary of Longpoint Partners, has purchased Stetson Village, a 144,192-square-foot shopping center located in Phoenix, for $71 million. Built in 2007 on 18.6 acres, the property is anchored by a 57,860-square-foot Safeway. Other tenants at the center include Capriotti’s Sandwich Shop, Nekter Juice Bar, The UPS Store, First Watch and Great Clips. Ryan Schubert, Michael Hackett and Zach Aulick of CBRE represented the seller, Pederson Group, and the buyer in the transaction.

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