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Mesa, Ariz. — Shopoff Realty Investments has sold Augusta Ranch Marketplace, an 80,247-square-foot grocery-anchored shopping center, as well as an adjacent developable pad, in Mesa, for $14 million.
The property was sold to an undisclosed investor. Constructed between 2005 and 2006, Augusta Ranch Marketplace is anchored by Bashas’ grocery store, an Arizona-based chain with more than 130 locations throughout Arizona. The center is leased to a mix of national and local tenants, including Great Clips, Sylvan Learning Center, Geno’s Pizza, Fat Willy’s Family Sports Grill and more.