Glendale, Ariz. — Gantry has secured $13 million of permanent financing for the acquisition of a 11.57-acre parcel at Arrowhead Marketplace in Glendale. Tim Storey of Gantry’s Phoenix office secured the 10-year, fixed-rate loan featuring a 25-year amortization for the
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Chandler, Ariz. — Evergreen Devco has sold Chandler Pavilions, a 163,286-square-foot retail center located in the Phoenix suburb of Chandler, to Schnitzer Properties for $29 million. The shopping center was fully occupied at the time of sale by tenants including
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Chandler, Ariz. — Phoenix Commercial Advisors has negotiated the $16.7 million sale of SanTan Gateway South, a grocery-anchored shopping center located in the Phoenix suburb of Chandler. Situated on 6.8 acres at the intersection of Arizona Avenue and Loop 202
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Phoenix and Scottsdale, Ariz. — MDC Realty Advisors, a subsidiary of Epic Investment Services, has sold two shopping centers totaling 38,274 square feet in Phoenix and Scottsdale for $25.7 million. Dispositions include Corner on 7th, a 16,202-square-foot strip center located
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Tucson, Ariz. — Phoenix Commercial Advisors has arranged the $18.4 million sale of Paloma Village Center, a retail property located within the Catalina Foothills in Tucson. Situated on 4.5 acres on the southeast corner of Campbell Avenue and Skyline Drive, the
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Maricopa, Ariz. — Thompson Thrift Retail Group has completed the $34 million sale of Sonoran Creek Marketplace, a shopping center located on the southwest corner of John Wayne Parkway and Edison Road in Maricopa. The 73,692-square-foot property was fully occupied
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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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