Sonoran Creek Marketplace in Maricopa sells for $34M
Phoenix Commercial Advisors facilitated the sale of Sonoran Creek Marketplace, a Sprouts Farmer Market grocery-anchored shopping center. The property, located on 10.2 acres on the southwest corner of John Wayne Parkway and Edison Road in Maricopa, Ariz., sold for $34,000,000 or $461 per square foot in an off-market transaction.
The 73,692-square-foot center was 100 percent leased with a mix of internet-resistant tenants, including Sprouts Farmers Market, Jimmy John’s, Supercuts, Marshalls, The Joint Chiropractic and more. Cameron Warren, Nick DeDona, Dan Gardiner and Greg Laing at Phoenix Commercial Advisors leased the property. Danny Gardiner and Chad Tiedeman at Phoenix Commercial Advisors represented the Seller, Thompson Thrift Retail Group, in the transaction.
“This is a first-class shopping center at the regional retail intersection in Maricopa, top quality construction and best in class tenant mix,” Gardiner said. “Maricopa is one of the fastest growing cities in Arizona, which sets the property up to support an ever-growing customer base for the tenants at this center and the intersection as a whole. It was a great project to be involved in, and we always enjoy working with the Thompson Thrift team.”
Formed in 1994, Phoenix Commercial Advisors is a commercial real estate services company. The company specializes in retail commercial brokerage in Phoenix, Tucson, and surrounding Arizona communities, providing leasing services, tenant and landlord representation, investment sales and redevelopment services to local and national retailers and property investors. Offering the expertise of 250 combined years of experience, Phoenix Commercial Advisors is also member of ChainLinks Retail Advisors, the premier national retail platform connecting elite brokerage companies across the top 50 North American markets.