The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 24, 2021
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



RETAIL NEWS
Printer-friendly Version   Email an Associate
AZ Retail Center Goes for $15 Mil

1/22/21

HK Real Estate Investment paid $15 mil for Tri-City Pavilions, a 94.3k sf ($159/sf), Safeway grocery-anchored shopping center in Mesa, AZ. The property was sold by Lamar Companies.

Located on 11.23 acres at the northeast corner of North Main St and Dobson Rd, Tri-City Pavilions was completed in 2000. The property was fully leased to 16 tenants at the time of sale, including Safeway, Truwest Credit Union, My Doctor Now, The Stone, Mesa Barber School, and H&R Block.

The property is surrounded by numerous bus lines and adjacent to one of only two Light Rail Transit Centers in Mesa. Tri-City Pavilions sits one mile from the Loop 101 Fwy, two miles from the Superstition Fwy, and three miles from the Loop 202 Fwy.

Glenn Smigiel, Bob Young and Rick Abraham of CBRE in Phoenix represented the in the transaction.

“The sale of Tri-City Pavilions was one of the largest retail transactions in the market this year,” said Abraham. “It is not often that an opportunity arises in Arizona to acquire both a national grocer and its shop space. This resulted in high investor interest in the property.”




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media