Tempe, Ariz. — CBRE has arranged the $1.7 million sale of a 3,288-square-foot, freestanding retail property located at 111 W. University Drive in Tempe.
Scottsdale, Ariz. — Five Star Development has announced plans to break ground on a high-end mixed-use center that will be connected to the $2 billion Ritz-Carlton, Paradise Valley master-planned development in Scottsdale.
Mesa, Ariz. — CBRE has arranged the sale of Tri-City Pavilions, a 96,336-square-foot shopping center anchored by Safeway in Mesa.
Mesa, Ariz. — HFF has arranged $6.3 million in acquisition financing for Marketplace at Signal Butte, a 116,358-square-foot grocery-anchored center located in Mesa.
Phoenix — Colliers International has arranged the $9.7 million sale of Mountain Park Plaza, an 87,672-square-foot shopping center located in Phoenix.
Gilbert, Ariz. — LGE Design Build has broken ground on Dierks Bentley’s Whiskey Row, an 8,000-square-foot restaurant located in Gilbert.
Phoenix — CBRE has arranged the $24.75 million sale of Village Center, a 171,129-square-foot shopping center located in Phoenix.
Phoenix — Kimco Realty Corp. has acquired Christown Spectrum, an 850,000-square-foot destination power center located in Phoenix, for $115.3 million.
Cincinnati, Ohio — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has purchased two grocery-anchored shopping centers located in Arizona and Florida.
Glendale and Tempe, Ariz. — Lee & Associates has arranged the sale of two Arizona shopping centers for a combined $16.4 million.