Sand Capital acquires Four Peaks Plaza
Sand Capital, a privately-held real estate investment company, located in Scottsdale, Ariz., has just closed on 140,390 square foot Target-anchored power center in Fountain Hills. Sand Capital is the financial arm and sister company to Sandor Development Company, which was founded in 1963 in Indianapolis, Indiana. Today, Sandor owns and manages over 8 million square feet of shopping centers in 25 states throughout the United States. Once acquired, Sand Capital assets are managed and leased by Sandor.
Four Peaks Plaza at 16735-16845 East Shea Boulevard is located in the northern Phoenix suburb of Fountain Hills. The center is comprised of 28 units and three outlots. Some of the major national tenants include Ross Dress for Less, Petco, Pier 1 Imports, Hi Health, Dollar Tree, Starbucks, Subway and O’Reilly Auto Parts. The leasing flyer is attached.
Earlier this month, Sand Capital acquired 29 CVS stores in 12 states and six shopping centers in three states.