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