Cushman & Wakefield sells Sprouts anchored neighborhood center
ORO VALLEY, ARIZONA – Cushman & Wakefield completed the sale of Oracle Crossings at 7805 N Oracle Road in Oro Valley, a Sprouts Farmers Market anchored neighborhood shopping center, and located in Oro Valley, Ariz. Tucson-based Town West Realty (James Horvath) purchased the property from Weingarten Realty of Houston, Texas for $41.1 million ($163.54 PSF).
Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller.
Oracle Crossings is a 251,194-square-foot shopping center located at the southwest corner of Oracle Road and Magee Road. The center, anchored by Sprouts Farmers Market, Kohl’s and Home Goods, is currently 98.2 percent leased to a diverse tenant roster.
“Oracle Crossings shopping center services Oro Valley with daily needs retailers including Sprouts Farmers Market. Town West Realty made an attractive purchase of this asset in this affluent suburb north of Tucson,” said Executive Managing Director Michael Hackett.
To learn more, see RED Comp #6397.