Buckeye, Ariz. — A partnership between Vestar and DMB Development has unveiled plans for Verrado Marketplace, a 500,000-square-foot development located in the Phoenix suburb of Buckeye. The project will include a grocery store, apparel and home décor stores, a department
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Flagstaff, Ariz. — Marcus & Millichap has arranged the sale of Canyon 66 Plaza, a retail property located at 1416 E. Route 66 in Flagstaff. A limited liability company sold the center to an undisclosed buyer for $11.8 million. Nick
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Phoenix — Newmark has arranged the $16.4 million sale of Phoenix West Plaza, a retail center located at 4344 W. Indian School Road in Phoenix. At the time of sale, the 163,233-square-foot property was 93 percent occupied by 25 tenants.
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Tucson, Ariz. — Cushman & Wakefield | PICOR has arranged the sale of a 45,556-square-foot retail property located at 770 N. Kolb Road in Tucson. The building was formerly occupied by a discount movie theater that closed in March, according
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Cave Creek, Ariz. — Phoenix Commercial Advisors has arranged the sale of The Shops at Dynamite Creek, a neighborhood retail center located at the entrance of Tatum Ranch master-planned community in Cave Creek, about 26 miles from Phoenix. David Malin
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Tempe, Ariz. — Faris Lee Investments has arranged the sale of Costco Plaza, a 237,000-square-foot shopping center shadow-anchored by Costco at the southeast corner of Elliot Road and Priest Drive in Tempe. A Southern California-based private investor sold the property
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Tucson, Ariz. — Alturas Real Estate Funds has acquired Tucson Fiesta, a retail center at 4215, 4225 and 4235 N. Oracle Road in Tucson. EVT Tucson Fiesta sold the property for $14.6 million. Chris Hollenbeck of Cushman & Wakefield represented
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Phoenix — Lee & Associates has hired Mark Bramlett as principal in the firm’s Phoenix office. Bramlett has over 25 years of commercial real estate experience, specializing in the transactional representation of national retailers and landlords, as well as commercial
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Phoenix – Shopping center owner Michael A. Pollack Real Estate Investments has sold five centers in the Phoenix area in separate transactions for a total of $32 million. The transactions took place in the fourth quarter of 2021. The company
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Glendale, Ariz. — Hanley Investment Real Estate Advisors has arranged the $7.1 million sale of a 7,800-square-foot, single-tenant restaurant property occupied by Portillo’s in Glendale. Bill Asher, Jeff Lefko, Ed Hanley and Lee Csenar of Hanley Investment Real Estate Advisors
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Phoenix — Orion Investment Real Estate has arranged the purchase of a retail property located at the northwest corner of 53rd Avenue and Bell Road in Phoenix. Corridor Living LLC acquired the building from McLean Holdings for $3.1 million. Four
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Phoenix — An entity formed by Allard Developments has purchased Arcadia Fiesta, a shopping center located at the southwest corner of 32nd Street and Indian School Road in Phoenix. An entity formed by a joint venture between DeRito Partners and
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