Lee & Associates Arranges Sale of Two Arizona Shopping Centers for a Combined $16.4 Million

by Katie Sloan

Glendale and Tempe, Ariz. — Lee & Associates has arranged the sale of two Arizona shopping centers for a combined $16.4 million.

Properties include 51st & Olive Square, an 88,225-square-foot shopping center located in Glendale; and Playa Del Norte, an 11,499-square-foot shopping center located in Tempe.

Patrick Dempsey and Jan Fincham of Lee & Associates worked on behalf of both the buyer, 51st & Olive Station LLC, and the undisclosed seller in the 51st & Olive Square transaction. Dempsey, Fincham, Chris McClurg and Matt Frederick of Lee & Associates co-listed and secured the buyer, Crow Holdings Capital Real Estate, in the Playa Del Norte transaction.

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