MESA, Arizona — The beleaguered Fiesta Mall located at 1445 W Southern Ave, Mesa, AZ at U.S. 60 and Alma School Road changed hands to a local Developer with plans to immediately design the Mall into a “Campus”. According to public records, the property had an $83 million CMBS loan, that has been in the …
Phoenix, AZ – CBRE has completed the sale Tri-City Pavilions located at the northeast corner of Dobson Road and Main Street in Mesa, Ariz. The ±96,336-sq.-ft., Safeway-anchored shopping center commanded a sale price of $13.1 million ($136 PSF). Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham with CBRE’s Phoenix office negotiated the transaction on …
Tri-City Pavilions in Mesa, AZ sells for $13.1 Million Read More »
PHOENIX, AZ – Lee & Associates Arizona is proud to announce the three-office building leasehold sale of Papago Arroyo, 1255, 1275 and 1295 E. Washington St., Phoenix for $40.85 million. Combined, the buildings total 279,503-square-feet which calculates to $146.15 per SF. The cap rate was reported to be 7% based on first year NOI performance. …
Lee & Associates Negotiates Leasehold on Papago Arroyo for $40.85 Million Read More »