Mesa-Ranch-Plaza-Mesa-AZ

SimonCRE Sells 130,000-Square-Foot Retail Center in Mesa, Arizona

by Hayden Spiess

Mesa, Ariz. — SimonCRE has sold Mesa Ranch Plaza, a 130,000-square-foot retail center in Mesa. An entity doing business as Mesa Ranch 24 LP acquired the property, which was 99 percent occupied at the time of sale, for $26 million. Alex Kozakov and Patrick Wade of CBRE represented both the buyer and seller in the transaction. Michael Hackett of CBRE served as the local market expert for the deal.

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