Retail Archives

Cushman & Wakefield sells Zocallo Plaza for $15.55M

Zocallo Plaza
by in AZRE Magazine | Retail

Zocallo Plaza, a 51,195 square-foot retail center located near Scottsdale Road and Frank Lloyd Wright Boulevard in Scottsdale, sold for $15.55 million. Built in 1999, Zocallo Plaza is currently 100 percent occupied by a diverse, specialty tenant roster, including Corner Bakery Café, Pella Windows, Desert Schools Credit Union and Classy Closets to name a few. The… Read More →

Tempe bike shop to turn into breakfast joint

bike shop
by in AZRE Magazine | Retail

CBRE completed the sale of a free-standing retail property located at 111 W. University Dr., the former location of Ehrhardt’s Schwinn Bikes. The 3,288 square-foot retail property is situated on approximately 14,117 square-feet of land and the property sold for $1.7 million ($517 per square foot). The new owners plan to turn the retail space into a… Read More →

ORION closes Foothills Park Plaza for $3.125M

Foothills Park Plaza
by in AZRE Magazine | Brokerage | Retail

A once maligned, but well-located shopping center in the heart of one of Phoenix Metropolitan area’s best master-planned communities, is returning to its former glory after its $3.125 million sale. Foothills Park Plaza is located on the southwest corner of Chandler Boulevard and Desert Foothills Parkway in the affluent area of the Ahwatukee Foothills master-planned… Read More →

Gilbert Retail center on Warner Road sells

Gilbert
by in AZRE Magazine | Retail

Meridian Capital Group, a debt brokerage firm, negotiated $14.3 million in financing for the acquisition and repositioning of Val Vista Towne Center, a shopping center located in Gilbert, on behalf of Southern California-based CIRE Equity. The five-year loan, provided by a mortgage REIT, features a future funding component for a value-add renovation, full-term interest-only payments during the… Read More →

Ryan Companies announces 1st East Valley Living Spaces

Small Business Administration Awards
by in AZRE Magazine | Retail

Ryan Companies US, Inc. joined Living Spaces executives and Town of Gilbert leaders Thursday at San Tan Village to celebrate the grand opening of Living Spaces’ first east Valley store, warehouse and showroom. Ryan began construction on the 98,400 square foot retail project in August of 2015 and was responsible for the shell of the building, along with the site hardscape and paving activities.… Read More →

CBRE closes sale of Shops at Arrowhead Gateway

Arrowhead Gateway
by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale of the Shops at Arrowhead Gateway located at 17560 and 17570 N. 75th Ave. in Glendale, Arizona. The ±35,684 square-foot shops on an outparcel of Arrowhead Towne Center Mall commanded a sale price of $10.1 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction on behalf of… Read More →

Stratford Plaza sells for $2.27M

Stratford Plaza
by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale of Stratford Plaza located at 1219 E. Glendale Ave. in Phoenix. The ±20,400 square-foot retail strip center was 84 percent occupied at time of sale and commanded a sale price of more than $2.27 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction. The seller was La… Read More →

Gilbert land purchased for new retail center

Rendering of SanTan Pavilions (Photo courtesy of Remington Nevada, Intercapital Development and Capital Asset Management)
by in AZRE Magazine | Retail

In its second Valley purchase to date, Nevada developers Remington Nevada (David Delzotto, owner-developer) and Intercapital Development have once again teamed up with locally-based Capital Asset Management to purchase a prime 32.9-acre site located on the southwest corner of Williams Field Road and SanTan Parkway in Gilbert. The site, cash purchased for $13,613,437, will be… Read More →

Retail center is part of $2B Ritz-Carlton project

$2B Ritz-Carlton Project
by in AZRE Magazine | Construction | Retail

Five Star Development announced Wednesday its detailed plans to develop a retail and dining destination, The Palmeraie, in the heart of Scottsdale that will be connected to the $2 billion Ritz-Carlton, Paradise Valley master-planned community. The initial phase of The Palmeraie will encompass approximately 160,000 square feet of high-end, mixed-use space located on 18 acres at… Read More →

Popular Indian School retail center gets revitalization

retail space avaialble sign in a window of a building
by in AZRE Magazine | Retail

With a proud history of revitalizing retail centers, De Rito Partners Development, Inc. is excited to announce the ongoing redevelopment and re-tenant efforts at Arcadia Fiesta, located at the southwest corner of 32nd Street and Indian School Road in Phoenix. “The new center will bring a fresh and newly upgraded shopping experience to this neighborhood.… Read More →

CBRE completes $13.1M sale of Tri-City Pavilions

TriCityPavilions.jpg
by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale Tri-City Pavilions located at the northeast corner of Dobson Road and Main Street in Mesa, Ariz. The ±96,336-sq.-ft., Safeway-anchored shopping center commanded a sale price of $13.1 million. Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, J.G.… Read More →

Arcadia Village Shopping Center sells for $19.65M

Arcadia Village Shopping Center
by in AZRE Magazine | Retail

Cushman & Wakefield announced Tuesday the purchase of Arcadia Village Shopping Center, a CVS pharmacy-anchored, retail center located on the southwest corner of Camelback Road and 40th Street for $19.65 million. The shopping center is located in Phoenix’s Arcadia neighborhood. Cushman & Wakefield Executive Managing Directors Ryan Schubert and Michael Hackett represented the seller, Arcadia Retail, LLC. “Arcadia… Read More →

NGKF represents Bealls in Southwest expansion

shopper
by in AZRE Magazine | Retail

Newmark Grubb Knight Frank (NGKF) announced the Southwest expansion of privately-owned Bealls Inc. (Bealls Outlet and Burkes Outlet), a national off-price retailer, in Phoenix, Albuquerque, Tucson and Las Vegas. Represented by Tim Westfall and Joe Doucett with NGKF Arizona Retail, Bealls closed seven transactions in the last quarter for more than 136,000 square feet. The… Read More →

CBRE earns marketing, leasing for Esplanade complex

TheEsplanade_Edited.jpg
by in AZRE Magazine | Office | Retail

CBRE has been awarded the marketing assignment for the ±1 million-square-foot mixed-use Esplanade complex, including buildings I, II, IV and V. The landmark office and retail development is located at the southeast corner of Camelback Road and 24th Street. LBA Realty, who purchased Esplanade I, II, IV and V from MetLife in late December 2015,… Read More →