SRS Brokers $65.8 Million Sale of Grocery-Anchored Retail Center in Phoenix

Phoenix — SRS Real Estate Partners’ Investment Properties Group (IPG) has brokered the $65.8 million sale of Arcadia Crossing, a 453,457-square-foot grocery-anchored center located at 44th Street and Thomas Road in Phoenix. Chris Tramontano, John Redfield, Mike Polachek and Brian Polachek of SRS IPG represented the seller, a Phoenix-based family office. Pinnacle Real Estate Partners represented the buyer, a Denver-based family office. Mike Polachek and Brian Polachek with SRS Real Estate Partners are the leasing team for the property. Situated on 44 acres, Arcadia Crossing was 95 percent leased at the time of sale to tenants including Fry’s Food & Drug, Target, Burlington, Conn’s HomePlus, Costco, Ross Dress for Less, Petco and Five Below.

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