Scottsdale, Ariz. — Triumph Real Estate Investment Fund has reached an agreement to acquire Bell Park Plaza, a 33,480-square-foot retail center in Scottsdale, for $7.2 million.
The Canadian company will acquire the asset from Hanley Properties V LLC. Jon Rosenberg and Keri Davies of Levrose Commercial Real Estate/TCN Worldwide arranged the deal on behalf of the buyer. Bell Park Plaza in 93 percent leased to tenants including Subway, Hobby Bench, Banner Health Urgent Care and Papa John’s Pizza. Danielle Davis of Levrose Commercial Real Estate/TCN Worldwide will handle the property’s leasing assignment, and MODE Commercial Property Management will manage the center. Triumph Real Estate will close on the acquisition at the end of February.