Cushman & Wakefield Arranges $16.9 Million Sale of Retail Center in Metro Phoenix

by Alex Tostado

Chandler, Ariz. — Cushman & Wakefield has arranged the $16.9 million sale of Santan Gateway North, a 123,236-square-foot retail center shadow-anchored by Walmart. The property was 77 percent leased at the time of sale to tenants including Goodwill, Dollar Tree and LA Fitness. Santan Gem LLC acquired the property from an entity created by LNR called GCCFC 2006-GG7 South Arizona Avenue LLC. Santan Gateway North is located at 1005 S. Arizona Ave., 25 miles southeast of downtown Phoenix. Michael Hackett and Ryan Schubert of Cushman & Wakefield represented the seller in the transaction.

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