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April 14, 2021
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RETAIL NEWS
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Neighborhood Center in Phoenix Gets New Owner

3/01/21

Moon Valley Towne Center, a 106.6k sf retail shopping center in Phoenix, was purchased by an entity formed by BP National City LLC, based in Moore, OK. Anchored by one of the nationís largest arts & crafts stores, the retail center is home to over 92% national tenants.

Moon Valley Towne Center encompasses an expansive 11.37 acres at the southeast corner of 7th St and Bell Rd. It was 98.7% occupied at the time of the sale.

Michael Hackett and Ryan Schubert with Cushman & Wakefield in Phoenix represented the seller, Miami, FL-based Starwood Property Trust, in the transaction. According to Hackett, Moon Valley Towne Center is a quality neighborhood anchored center located at a dense retail intersection in North Phoenix.




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