The sale of Sycamore Center, a 19,292-square-foot shopping center built in 1999 was recently recorded. The location of the property is the NEC of Brown & Recker in Mesa, Arizona. The property sold to Tiffer Holdings, LLC. The seller was Sycamore Phoenix Partners, LP. The sales price was $1.3 million which equates to $65.26 per square foot. The building was 39% leased at closing.
Mark Rein of Rein & Grossoehme represented the seller and Brandon Koplin of Commercial Properties Inc. (CPI) represented the buyer.
Mark Rein specializes in the sale of shopping centers. Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.