TUCSON, ARIZONA -- Randolph Plaza at 4202 E 22nd Street in Tucson sold for $20.5 million ($113 PSF). The neighborhood retail center is anchored by Fry’s, Ross / DD’s, Goodwill, Dollar Tree, Rainbow, Peter Piper Pizza and several other national retailers.
The 180,687 square-foot center was built in 1972 on 17.33 acres southeast of Alvernon Way on 22nd Street. Not included in the sale were the two outpads with a Denny's and a two-tenant retail building.
The Fry’s claims to be one of the top producers in Tucson located adjacent to Randolph Park with nearly 96,000 cars per day on 22nd Street.
Ryan Schubert with Cushman & Wakefield (Phoenix) represent the Scottsdale-based seller, Arizona Partners Retail Investment Group in this off-market transaction. The buyer, A&C Properties (Joseph Cattaneo, director) is from Phoenix.
For more information, Schubert should be reached at 602.224.4472.
To learn more, see RED Comp #9907.
