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CBRE Completes Sale of Tibshraeny Plaza In Mesa

CBRE completed the sale of Tibshraeny Plaza, a 25,976 SF retail strip center at 918, 930 and 932 W. Southern Ave. in Mesa.

Cam Stanton of CBRE’s Phoenix office represented the seller, Tibshraeny Companies Inc. of Mesa. The buyer, Dickenson-Phoenix LLC of Scottsdale, was represented by Ron Finkel of AZ7 Real Estate in Phoenix. The purchase price was not disclosed.

The sale included 18,776 SF of in-line shop space and a vacant 7,200 SF freestanding restaurant building. Frazee Paint, which also occupies a building in the center, was not part of the sale.

Tibshraeny Plaza was 40% occupied at the time of sale.

 

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Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.