Scottsdale, Ariz. — Stan Johnson Co. has arranged the $28 million sale of 14 restaurants in Central Florida leased to Ker’s WingHouse, now known as WingHouse Bar & Grill.
Surprise and Glendale, Ariz. — Calgary, Alberta-based Triumph Real Estate Investment Fund has acquired two shopping centers in metro Phoenix for $7 million.
Tucson, Ariz. — Cushman & Wakefield has arranged the $4.2 million sale of a 3,616-square-foot Raising Cane’s restaurant located in Tucson.
Casa Grande, Ariz. — Marcus & Millichap has arranged the $2 million sale of a 7,441-square-foot Olive Garden located in Casa Grande.
Scottsdale, Ariz. — Regency Centers L.P. has sold Pima Crossing, a 283,275-square-foot shopping center located in Scottsdale, for $46.2 million.
Flagstaff, Ariz. — Cypress Equities has acquired Flagstaff Mall, a 388,000-square-foot enclosed regional mall located in Flagstaff, Arizona.
Tempe, Ariz. — A joint venture between Opus Development Group LLC and Seventh Street Tempe AZ Manager LLC has begun construction on a mixed-use development located at the northwest corner of University Drive and Forest Avenue in Tempe.
Glendale, Ariz. — Cushman & Wakefield has arranged the $14.8 million sale of Bell Tower Village, a 166,830-square-foot shopping center located in Glendale.
Casa Grande, Ariz. — Commercial Properties Inc. (CPI) has arranged the sale of a 12,849-square-foot strip center located in Casa Grande.
Phoenix — A joint venture between Parallel Capital Partners and Angelo, Gordon and Co. is set to begin a $25 million renovation of Arizona Center, a 1 million-square-foot mixed-use development located in Phoenix.