Wednesday, January 8, 2025
Read the Digital Magazines
Subscribe

Arizona

Verrado-Marketplace_Buckeye-Ariz
ArizonaDevelopmentLeasingNews

Vestar Signs Six Anchor Tenants to 500,000-Square-Foot Verrado Marketplace in Metro Phoenix

by Hayden Spiess

Buckeye, Ariz. — Vestar has signed leases with six tenants to anchor Verrado Marketplace, a planned 500,000-square-foot shopping center to be located in Buckeye, roughly 35 miles outside Phoenix. Target, Harkins BackLot, Safeway, Marshalls, Ross Dress for Less and HomeGoods are scheduled to open at the property in late 2025. Harkins BackLot will occupy 75,000 square feet with an entertainment concept featuring a restaurant, sports viewing arena, arcade, bowling alley and private event area. Target will open a 147,000-square-foot store, and Ross Dress for Less and HomeGoods will occupy a total …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaInvestment salesNews

Crow Holdings Acquires 34,151-Square-Foot Retail Center in Mesa, Arizona

by Hayden Spiess

Mesa, Ariz. — A joint venture managed by Crow Holdings Capital has purchased The Shops at Sossaman, a 34,151-square-foot retail center located in Mesa. Abington Emerson Investments sold the property for $8.1 million. Tenants at the center, which was built in 2002, include Banner Health Physical Therapy, East Valley Pet Urgent Care, Empower Academy and Crave Pizza. The property was fully leased at the time of sale. Steve Julius, Jesse Goldsmith and Chase Dorsett of Newmark represented the buyer and seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaFinanceNews

Gantry Secures $7.8 Million Refinancing for Retail Property in Arizona

by Hayden Spiess

Marana, Ariz. — Gantry has arranged a $7.8 million permanent loan for the refinancing of a retail property located in Marana, roughly 20 miles outside Tucson. Comprising 26,387 square feet, the property is situated within the Shoppes at Continental Ranch and shadow anchors an independently owned Safeway building and four pad buildings. Tony Kaufmann and Alex Poulos of Gantry secured the 10-year financing on behalf of the borrower. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Powell-Center_Lewis-Center-Ohio
ArizonaColoradoInvestment salesNew JerseyNew YorkNewsOhio

DLC, DRA Acquire Four Retail Centers for $100 Million 

by Hayden Spiess

Elmsford, N.Y. — A joint venture between New York-based DLC Management Corp. and funds managed by DRA Advisors has acquired a portfolio of retail centers for $100 million. The portfolio comprises four properties located in Colorado, New Jersey, Arizona and Ohio. Located in Aurora, Colorado, Cornerstar totals 380,479 square feet and is anchored by Target, Marshalls, HomeGoods, 24 Hour Fitness, Nike and Ulta Beauty. Cross Keys Place in Sewell, New Jersey, comprises 147,694 square feet and is anchored by Michaels, Old Navy, Petco and Edge Fitness. The Shops at Prescott Gateway …

Continue Reading
0 FacebookTwitterLinkedinEmail
South-Mountain-Crossing_Phoenix
ArizonaInvestment salesNews

Colliers Arranges Sale of 89,389-Square-Foot Retail Center in Phoenix

by Hayden Spiess

Phoenix — Colliers has arranged the sale of South Mountain Crossing, an 89,389-square-foot retail center located in Phoenix. ACP Management acquired the property. Tenants at the center include SkyZone Trampoline Park, Goodwill and Kids Empire. Mindy Korth, JK Jackson, El Warner and Caitlin Zirpolo of Colliers represented the seller, Lamar Cos., in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
4836-E-Chandler-Blvd-Phoenix-AZ
ArizonaInvestment salesNews

Matthews Arranges $9.5 Million Sale of LA Fitness-Occupied Building in Phoenix

by Hayden Spiess

Phoenix — Matthews Real Estate Investment Services has arranged the $9.5 million sale of a retail property located in Phoenix. Built in 2002 on 5.13 acres, the building comprises 45,000 square feet. LA Fitness occupies the property. The tenant’s current lease extends through 2025. Brandon Perez of Matthews represented the seller in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sun-Shadow-Square_Sun-City-Ariz
ArizonaFinanceNews

Gantry Secures $7.5 Million Refinancing for Retail Center in Metro Phoenix

by Hayden Spiess

Sun City, Ariz. — Gantry has secured a $7.5 million permanent loan for the refinancing of Sun Shadow Square, a retail center located in Sun City, roughly 22 miles outside Phoenix. Tenants at the 84,000-square-foot property include Ace Hardware, H&R Block and Archwell Health. Tim Storey of Gantry secured the 10-year financing on behalf of the undisclosed borrower. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Alma-School-Ray-Rds-Chandler-AZ
ArizonaInvestment salesNews

ORION Investment Arranges $4.6 Million Sale of Retail Center in Chandler, Arizona

by Hayden Spiess

Chandler, Ariz. — ORION Investment Real Estate has arranged the $4.6 million sale of a retail strip center located in Chandler. Max Taylor & Co. LLC sold the asset to The Yerahmiel Rocky Rotshein Property Trust. The property was fully leased at the time of sale. Nick Miner of ORION represented the seller in the transaction. Simon Asef of DMC Real Estate represented the buyer. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Picklr
ArizonaColoradoCompany newsDevelopmentFloridaGeorgiaIllinoisMinnesotaNevadaNewsTennesseeTexasUtahWyoming

The Picklr to Open 80 New Venues in 11 States

by Hayden Spiess

Kaysville, Utah — Utah-based indoor pickleball brand The Picklr will open 80 new venues across eleven states, including Arizona, Colorado, Florida, Georgia, Illinois, Minnesota, Nevada, Tennessee, Texas, Utah and Wyoming. The facilities will be opened in partnership with 13 new franchisees. “With seven corporate owned facilities, our first-mover advantage has undeniably led to a high level of interest from well capitalized candidates across the entire country,” says Scott Schubiger, chief growth officer of The Picklr. 

Continue Reading
0 FacebookTwitterLinkedinEmail
SanTan-Gateway-North-Chandler-AZ
ArizonaInvestment salesNews

Jewell Capital Sells SanTan Gateway North Shopping Center in Chandler, Arizona for $26.6 Million

by Hayden Spiess

Chandler, Ariz. — Jewell Capital has sold SanTan Gateway North, a 123,558-square-foot retail center in Chandler. Coast Meridian Properties acquired the property for $26.6 million. Situated on 17.1 acres, the center is leased to tenants including Walmart Supercenter, O’Reilly Auto Parts, Dollar Tree, Sky Zone and Shane Co. Additionally, Wendy’s, Del Taco and JPM Chase occupy three outparcels. Darren Tappen, Nathan Thinnes and Peter Beauchamp of Kidder Mathews represented the seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts