PHOENIX, Arizona – On behalf of an entity formed by Boarder Capital, the capital markets team of Ryan Schubert and Michael Hackett of Cushman & Wakefield successfully closed the sale of Mountain Vista Plaza. MIRAJH LLP of Saskatoon, SK, Canada acquired the 64,071-square-foot (SF) retail center for $14.125 million.
Located at the southwest corner of Bell and Reems Road in Surprise, Ariz., Mountain Vista Plaza is anchored by the top performing Planet Fitness in the state of Arizona. Built in 2006, the fully redeveloped shopping center is 93.5% occupied.
“Mountain Vista Plaza adds another quality, internet-resistant shopping center to the Mirajh LLP Arizona portfolio,” said Executive Managing Director Michael Hackett.