MESA, AZ – Grove Towne Center, a 22,224-square-foot shopping center at 1130 W. Grove Ave., Mesa, in the revitalized Fiesta District sold for $3.35 million ($150.74 PSF).
Sean Bishop, CCIM, Principal with Lee & Associates brokered the transaction on behalf of the buyer, Grove Arizona, LLC, Calabasas, CA. Barbara Lloyd and Lane Neville of NAI Horizon, negotiated for the seller, Grove Towne Center, LLLP, Lone Tree, CO.
Built in 2005, the single-level, multi-tenant strip center features abundant parking and is close to Mesa Community College, Banner Desert Medical Center, Fiesta Mall and other large employers. It is two blocks north of the Superstition Freeway (U.S. 60) and near a major bus line on Alma School Rd. Tenants include The Draft, Barro’s Pizza and Ike’s.
Lee & Associates was retained by the new owners to lease space. Contact Bishop regarding leasing opportunities.
For more information, Bishop should be reached at 602.954.3774.