SyWest Buys Three-Center Portfolio in Phoenix

San Rafael, Calif. — The firm’s acquisitions total $121.7 million. 

Casa Paloma in Chandler, Ariz., is a 130,422-square-foot shopping center that SyWest recently acquired.San Rafael, Calif.  — SyWest Development has purchased three shopping centers in the Phoenix area. Casa Paloma is a 130,422-square-foot center on 13.7 acres in Chandler, Ariz. It sold for $31 million and is anchored by AJ’s Fine Foods, ULTA, Banana Republic, Gap, Sur La Table, Talbots and Jos. A Bank. Warner Ranch Plaza in Tempe, Ariz., is a 155,489-square-foot grocery-anchored center (Fry’s Marketplace) that sold for $26 million. The land area is 15.2 acres. Lastly, the Shoppes at Gilbert Commons is a 415,400-square-foot regional center in Gilbert, Ariz., that sold for $64.77 million.  Major tenants include T.J. Maxx, Sports Authority, Ross, Staples, Old Navy ULTA and Petco. Donahue Schriber was the seller and Todd Goodman of CBRE was the broker in each transaction.

Tagged under