Billionaire real estate and sports mogul, Stan Kroenke’s real estate company, The Kroenke Group, purchased the high-profile shopping center, Plaza Antigua at 4209 N Campbell Avenue in Tucson for $7.975 million ($394 PSF).
Stan Kroenke, owner of the St. Louis Rams also owns the Colorado Avalanche hockey team and the Denver Nuggets basketball team. The Kroenke Group (Stan Kroenke, president) is the second largest shopping center owner in the country.
A limited liability company formed by Columbia, Missouri-based The Kroenke Group acquired the 20,251-square-foot Plaza Antigua retail center, anchored by high performing Trader Joe’s, the country’s leading privately held chain of specialty grocery stores. The center was built in 2004 on 2.4 acres.
Situated at the hard corner location of Campbell Avenue (41,448 cars per day) and Limberlost Drive, two major Tucson thoroughfares. The center was 100% occupied with a synergistic tenant mix of grocery, food and service tenancy generating high frequency foot traffic impermeable to the threat of the internet.
Nancy McClure with CBRE in Tucson and Phil Voorhees with CBRE in Newport Beach, California represented the seller, Oakdale Farms of Danville, California (Michael Hoover, president)
For more information, Voorhees can be reached at 949.725.8521 and McClure is at 520.323.5117.
To learn more, see RED Comp #4078.