Three fully leased retail buildings in Marana sold as Cadence completed a second Arizona shopping-center acquisition in Surprise within days
MARANA, ARIZ. (July 28, 2026) — Cadence Capital Investments entered the Arizona retail market with the $16.8 million acquisition of three fully leased retail buildings at Gladden Farms Commercial Center in Marana.
Gladden Farms Partners LP and Belton16 LLC, affiliates of Cadence Capital Investments, purchased the buildings from Barclay Holdings CXXII LLC, an affiliate of Barclay Group Holdings. The investment sale closed July 1.
The transaction comprises three buildings totaling approximately 24,290 square feet on 5.04 acres at 11320, 11360 and 11370 W. Tangerine Road. The purchase price equates to approximately $691.64 per square foot, or $5.6 million per building.
The properties are located within the new Fry’s Marketplace-anchored Gladden Farms Commercial Center at the northeast corner of Tangerine Road and Lon Adams Road. Barclay Group described the transaction as evidence of continued investor demand for well-located retail properties in fast-growing trade areas, particularly grocery-anchored centers supported by consistent traffic, strong demographics and a diverse tenant mix.
The acquired properties include the approximately 6,090-square-foot Shops A building, leased to Thai Chili 2 Go, Tropical Smoothie Café, Fat Dogs and Black Rock Coffee Bar.
The approximately 14,000-square-foot Shops B building is leased to My Dr Now, Classic & Fancy Nails, Supercuts, Domino’s Pizza, Peachwave, Verizon, Eden’s Echo Farmstead, The UPS Store and Jersey Mike’s Subs.
The approximately 4,200-square-foot Shops C building is occupied by Heartland Dental. The buildings were constructed in 2024 and are zoned Village Commercial by the Town of Marana.
Matthew Archer, vice president of Barclay Group, represented the seller. Josh Katzner, manager of Belton16 LLC, represented the purchasers.
Barclay Group continues to market one remaining pad at the center. The available site contains approximately 49,619 square feet, according to transaction materials. Barclay’s property information identifies Archer as the leasing contact for the remaining space.
The Marana closing came shortly after Cadence acquired Grand Village Center in Surprise, marking a nearly simultaneous entry into both the Tucson and Phoenix metropolitan retail markets.
Grand Village Center, a 52,685-square-foot necessity-based retail center at the southeast corner of Reems Road and U.S. Route 60, sold June 24 for $10.7 million, or $203 per square foot. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the seller, whose identity was not disclosed in the brokerage announcement.
Together, the two acquisitions added approximately 76,975 square feet of Arizona retail space to Cadence’s portfolio for a combined investment of $27.5 million.
Founded in 2001, Cadence Capital Investments is a Greenwood Village, Colorado-based real estate development and investment company with experience in shopping-center acquisition, redevelopment, build-to-suit projects and value-add investments. Before the Arizona acquisitions, the company’s publicly identified market presence focused on Colorado, California and Washington.
Source: RED Comp #12597