Retail Archives

Scottsdale shopping center gets facelift

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

Construction is starting up on a major renovation project for the shopping center known as Via Linda Crossroads in Scottsdale. The space located at 9015 E. Via Linda on the southeast corner of 90th Street and Via Linda was previously occupied by Ace Hardware. That space will be divided into two or three smaller suites and a… Read More →

SimonCRE to build Goodwill in Surprise

108696481
by in AZRE Magazine | Construction | Retail

Commercial real estate developer SimonCRE recently purchased 2.13 Acres of land on the southwest corner of Greenway Road and Cotton Lane to develop a 25,036-square-foot building for Goodwill. Goodwill will be joining Pet Club and CVS in the Sierra Montana Crossing Center across from Marketplace at Prasada. SimonCRE plans to break ground July 26th with… Read More →

Orion sells multi-tenant retail complex for $8.9M

ORION
by in AZRE Magazine | Retail

ORION Investment Real Estate negotiated the sale of a Mountain Side Fitness anchored retail center, Plaza at the Orchards, which sold for $8.9 million to a Gilbert-based buyer. Terra Marketing, Inc. purchased the 52,134-square-foot center, which is located near Bell and Reems Roads was 100 percent occupied at the close of escrow. Ari Spiro and Sean Stutzman, President… Read More →

Infill retail center coming to North Phoenix, near light rail

North Phoenix
by in AZRE Magazine | Construction | Retail

Scottsdale-based developer, SimonCRE, purchased 31,179-square-foot parcel of land at the northeast corner of 21st and Northern Avenues with plans to develop a 6,142-square-foot multi-tenant retail building. The building address is 2080 W. Northern Ave. The site is located less than half a mile east of the Interstate 17 Freeway and is in close proximity to the… Read More →

Tempe retail center sells for $7.5M

Tempe retail center
by in AZRE Magazine | Brokerage | Retail

A Tempe retail center, Countryside Specialty shops, sold for $7,500,000, according to ORION Investment Real Estate. This ±31,723 square foot, vibrant retail strip center sits on the northwest corner of McClintock Drive and Warner Road at a signalized intersection, with high traffic counts. The property was sold by JDS Countryside LLC/DLS Countryside LLC. Morris Family Trust… Read More →

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 →