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Sprouts Farmers Market-Anchored Center in Scottsdale, AZ Trades

12/20/19

The Shops at Gainey Village, a 138.5k sf, Sprouts Farmers Market-anchored urban village in Scottsdale, AZ, was acquired by an entity formed by Global Retail Investors. It was sold by Gainey Village Retail Center LLC (an entity formed by Principal Real Estate Investors, LLC) of Des Moines, Iowa.

The Shops at Gainey Village is located at the southeast corner of Scottsdale Rd and Doubletree Ranch Rd. The shopping center is 100% occupied and services the well-established, affluent neighborhoods of Scottsdale and Paradise Valley.

Michael Hackett and Ryan Schubert of Cushman & Wakefield represented the seller in the deal. The price was not disclosed.

“The Shops at Gainey Village is one of the more sought-after retail assets in the Southwest, offering daily needs shopping in a supply constrained and internationally recognized Scottsdale/Paradise Valley location,” said Hackett.




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