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February 24, 2021
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RETAIL NEWS
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YAM Properties Purchases 238k sf AZ Retail Center

1/22/21

Pima Crossing, a 238.3k sf, retail destination shopping center located at the northwest corner of Shea Blvd and Pima Rd in Scottsdale, AZ, sold for $51.5 mil ($216/sf). The buyer was YAM Properties, an owner-operator based in Scottsdale.

Originally developed in 1993, Pima Crossing is ideally located in North Scottsdale, at the full-diamond interchange of the Loop 101 Fwy and Shea Blvd, near the HonorHealth Scottsdale Shea Medical Center. The center is anchored by one of the nationís largest golf retailers and is also home to several other well-known national and regional tenants.

Michael Hackett and Ryan Schubert with Cushman & Wakefield in Phoenix represented the seller, an entity formed by Los Angeles-based Karlin Real Estate, in the transaction.




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