Newmark Brokers $16.4 Million Sale of Phoenix West Plaza Shopping Center in Phoenix

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. The seller originally purchased the property in 2012 and invested $5 million in renovations and repairs. Steve Julius, Jesse Goldsmith and Chase Dorsett of Newmark represented the seller, Aetna West, in the disposition of the property to an undisclosed buyer. 

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