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Phoenix — Phoenix Commercial Advisors has arranged the sale of Ninety Nine Ave, a 47,201-square-foot, grocery-anchored retail center in Phoenix. A private buyer acquired the property from the developer for $30.7 million in an all-cash transaction. Ninety Nine Ave was fully leased at the time of sale to a mix of tenants including Sprouts Farmers Market, CAVA, Hand & Stone and Mountain Mike’s Pizza. The property was newly constructed in 2024 on 5.3 acres, according to LoopNet. Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the seller in the deal.