Tucson, Ariz. — First Washington Realty has completed the disposition of River Center, a 107,508-square-foot retail center located in Tucson, to a private investor for $31.1 million. At the time of sale, the property was fully leased to anchor Whole
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Phoenix — Concord Wilshire Capital and TLG Investment Partners, in partnership with Carl DeSantis’ CDS International Holdings Inc., have completed the acquisition of the Metrocenter Mall in Phoenix. The development group has formed a strategic alliance with Hines, an international
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Mesa, Ariz. — HJ Red Mountain LLC, an entity formed by Jakosky Properties, has completed the disposition of Red Mountain Plaza, a retail center located in Mesa. An entity doing business as Red Mountain Plaza LLC acquired the property for
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Mesa, Ariz. — Marcus & Millichap has brokered the $18.5 million sale of Sprouts Center, a 55,615-square-foot shopping center located in Mesa. Sprouts Farmers Market anchors the property. Marc Irvin of Marcus & Millichap represented the seller, an Arizona-based private
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Glendale, Ariz. — Thompson Thrift has broken ground on the 12-acre commercial portion of a mixed-use development underway in the northwest Phoenix suburb of Glendale. Sitting on a larger 24-acre parcel, the property will include tenants such as Black Rock
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Tucson, Ariz. — SRS Real Estate Partners has arranged the sale of Silverbell Plaza, a shopping center located in Tucson. An Arizona-based private investor sold the property to a Washington-based private investor in a 1031 exchange for $22 million. Situated
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Scottsdale, Ariz. — Newmark has arranged the sale of The Block at Pima Center, a multi-tenant retail center in Scottsdale. Block East LLC and Block West LLC sold the property to New Block 22 LLC for $23.5 million. Located at
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Phoenix — Cushman & Wakefield has brokered the sale of Westridge Shopping Center, located in Phoenix. New Jersey-based Westridge Phoenix acquired the asset from DPM Westridge Shopping Center for $6.8 million. Built in 1985 and renovated in 2017, Westridge Shopping
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Phoenix and Virginia Beach, Va. — Red Mountain Group has sold two single tenant net lease properties for a combined $3.2 million. Rolberto’s Tacos — a drive-thru restaurant located at Cave Creek Road in Phoenix — was sold to entities
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Mesa, Ariz. — Phoenix Commercial Advisors has arranged the $22 million sale of The Pavilions, a neighborhood retail center located in Mesa. At the time of sale, the 129,674-square-foot property was 96 percent leased. Current tenants include Great Clips, Banner
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Phoenix — Tortosa LLC has completed the disposition of The Strip, a two-story retail and office building in Phoenix. 4700 Alliance LLC, a Seattle-based investment company, purchased the property, which was fully leased at the time of sale, for $4.4
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Sierra Vista, Ariz. — Cushman & Wakefield|PICOR has brokered the sale of a retail property in Sierra Vista. Orion Sierra Vista AZ LLC sold the asset to 2030 East LLC for $2.3 million. Located at 354 S. Highway 92, the
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