CRE8 Advisors has represented the buyer in the acquisition of the former Macy’s department store property at Superstition Springs Mall in Mesa, Arizona. The transaction was handled by Chad Shipley of CRE8 Advisors, who previously assisted the organization in securing a lease for its current headquarters Mesa location early last year. The sale price was $5,000,000, according to Vizzda.
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The newly acquired property located at 6535 E Southern Ave, encompasses approximately 12.9 acres and 155,254 square feet across three levels, along with 966 parking spaces, providing the organization with significantly more space and parking capacity to accommodate its continued growth.
According to Shipley, the organization’s rapidly expanding congregation created the need for a larger, long-term facility capable of supporting its growing membership and large services.
The buyer, Echoes Church and their leadership team approached Shipley several months ago to also find them a larger property to purchase. Shipley of CRE8 Advisors stated, “Finding a 50K SF plus building with adequate parking to accommodate large services is no small task. I knew we needed to think outside the box, so I began looking at properties that could potentially be redeveloped or repurposed.” The former Macy’s property, represented by Western Retail Advisors, presented an opportunity that checked many of the boxes that the clients were looking for in terms of size, land, parking and long-term potential.
The acquisition of the former Macy’s property provides an additional opportunity to accommodate the organization’s expanding congregation and future needs while maintaining its existing headquarters operations off E. Hampton Avenue. The former Macy’s building has already begun its multi-million-dollar remodel of the entire property with the goal of opening late in 2028.
The new church is in a prominent regional shopping destination serving Mesa and the surrounding East Valley communities. The property’s substantial building footprint, acreage and parking capacity made it a unique opportunity in a market where large, well-positioned properties with significant parking are increasingly difficult to identify.
“Transactions of this size require more than simply finding a building that meets a square-footage requirement,” Shipley added. “You have to look at the entire property, its existing infrastructure, location, parking, potential uses and what it could become. This was a great example of approaching a real estate assignment creatively and looking beyond the traditional options.”
For additional information regarding other retail, development or redevelopment opportunities in the valley, contact CRE8 Advisors on their website at www.CRE8advisors.com.
