Scottsdale, Ariz. — DTZ has arranged the sale of The Summit at Scottsdale, a 190,408-square-foot shopping center located in Scottsdale, for $54.1 million.
Tempe, Ariz. — Arizona State University (ASU) and Catellus Development Corp. will develop an urban community adjacent to ASU’s Tempe Campus.
Tempe, Ariz. – F21 red, the newest retail concept by Forever 21, will soon open at Tempe Marketplace.
Scottsdale, Ariz. — East Village at Shea LLC, a company formed by YAM Properties, LLC, has purchased Village at Shea, a 117,025-square-foot retail center located in Scottsdale, Arizona, for $32.5 million.
Scottsdale, Ariz. — Northsight Village Shopping Center, an 88,031-square-foot retail center in Scottsdale, has sold to Arizona Partners for $11.5 million.
Phoenix — James V. DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix-based regional office, has arranged the $23 million refinance of Foothills Park Pace, a 132,496-square-foot retail property in Phoenix.
Mesa, Ariz. — Shopoff Realty Investments has sold Augusta Ranch Marketplace, an 80,247-square-foot grocery-anchored shopping center, as well as an adjacent developable pad, in Mesa, for $14 million.
Tucson, Ariz. — The seller was Casas Adobes Plaza LLC.
Tempe, Ariz. — The Target store is approximately 115,000 square feet and the US Bank is approximately 3,400 square feet.
Mesa, Ariz. — The site plan calls for 710 parking spaces and a Fry’s Fuel Center consisting of a gas canopy with nine fuel dispensers.