PHOENIX, AZ (January 5, 2026) — Rein & Grossoehme CRE announced the completion of two retail lease transactions in the Phoenix metro area, including new leases in Sun City and Tempe.

In Sun City, Total Wireless by Verizon has leased 1,325 square feet at Kings Inn Plaza, located at the southeast corner of Grand Avenue and 107th Avenue. The center’s owner is Kings Inn of Sun City, LLC. Jared Lively of Rein & Grossoehme CRE represented both the tenant and the landlord in the transaction.

In Tempe, Racing Ritual has leased 3,180 square feet at the University 101 Shops, located at 2155 E. University Drive. The center’s owner is 2155 E University, LLC. Jared Lively of Rein & Grossoehme CRE represented the landlord in this transaction.

Rein & Grossoehme CRE specializes in investment property sales and in retail, office, and industrial leasing.

MARANA, AZ (January 5, 2026) — Walmart Stores, Inc. has acquired a major retail pad in Marana’s fast-growing Tangerine Road corridor, purchasing Blocks 7 and 8 at Crossroads at Gladden for $9.78 million in an all-cash transaction that closed Dec. 18, 2025.

The sale covers 28.14 acres, a large, graded/padded site positioned near the Interstate 10 and Tangerine Road interchange—one of the Northwest submarket’s most active growth corridors. The purchase is valued at approximately $347,674 per acre, underscoring continued investor confidence in Marana’s north-of-Tucson expansion path. The buyer’s planned use is a new Walmart store of approximately 176,000 square feet, with fueling stations, which would add a major daily-needs draw and likely accelerate follow-on tenant demand for complementary uses such as quick-service restaurants, services, and neighborhood retail for Gladden Farms.

Crossroads at Gladden has been marketed as a regional retail destination with strong freeway visibility, growing rooftops, and expanding nearby employment and mixed-use activity. Marketing materials for the project highlight traffic exposure from Tangerine Road and I-10 and emphasize the site’s role in anchoring the broader commercial district.

Crossroads at Gladden is being positioned as a broader freeway-interchange commercial node, supported by a wave of nearby rooftops and new community infrastructure. CBRE’s marketing materials highlight hot residential growth in the immediate trade area, including Mandarina (2,500 planned homes with planned commercial/retail) and Tortolita Shadows (2,500 planned homes), alongside the now-open Tangerine Farms K–8 School and Northwest Fire District #341 facility.

The marketing brochure also notes additional development momentum in the corridor, including ±304 multifamily units slated to open in 2025 and “planned medical, warehouse and distribution, multi-family, plus more,” reinforcing the site’s draw for daily-needs retail and services beyond the Walmart anchor.

The seller, Tangerine 2021 LLC, is managed by Dean Wingert of Crown West Realty. CBRE’s Nancy McClure handles marketing for the Crossroads at Gladden.

For more information, contact Nancy McClure, CBRE Retail, at 520-323-5117 or Dean Wingert, Crown West Realty, at 520-888-3962.

Source: RED Comp #12260.

Phoenix, AZ (January 5, 2026) – Newmark announces that the Company arranged the sale of 5416 East Baseline Road, a two-story, 63,834-square-foot office building in Mesa, Arizona. The property sold for an undisclosed amount.

Newmark Executive Managing Directors Barry Gabel, Chris Marchildon, and CJ Osbrink represented the seller, Minneapolis-based Founders Properties. The buyer was ViaWest Group, a leading Phoenix-based real estate investment, development, and management firm.

“This acquisition underscores the enduring value of high-quality, well-located office investments in the Phoenix market,” said Marchildon. “5416 E Baseline is a stabilized, infill suburban asset at the heart of a rapidly expanding medical and commercial corridor, anchored by Banner Gateway Medical Center. With strong in-place occupancy and the ability to migrate tenancy toward high-demand medical users, the property offers secure cash flow today and compelling long-term upside.”

“This acquisition aligns with ViaWest Group’s strategy of targeting well-located, assets in high-growth corridors with proximity to major medical centers,” said Alex Hondros, Senior Vice President, Acquisitions & Asset Management at ViaWest Group. “5416 E Baseline represents the type of thoughtful, opportunity-driven investment our team remains committed to pursuing across the Valley and will fit well into our growing portfolio of campus adjacent healthcare properties.”

The infill, suburban office property is 95% occupied by eight tenants, primarily in the healthcare and financial services industries. Built in 2001, this asset features efficient floor plates offering flexibility for a wide range of uses and ample parking, including some covered spaces. The property provides a consistent income stream with a varied rollover and future operational upside.

The building is within walking distance of a host of retail, restaurant, and hospitality amenities, with over 8.9 million square feet of retail within a three-mile radius. It also benefits from convenient access to the US 60 Freeway and is less than 1 mile from Banner Gateway Medical Center, home to the world-renowned Banner MD Anderson Cancer Center. Additionally, 20 hotels are within a three-mile radius, enhancing the location’s appeal.