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1/13/20
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The Groves, a 169.6k sf, Walmart shadow-anchored shopping center in Tempe, AZ, traded for $18.5 mil, or $109/sf.
The Groves is located at 1180 W. Elliot Rd, at the northeast corner of Priest Dr and Elliot Rd. The property is currently 91% leased to a diverse tenant roster including Walmart (NAP), Ross, PetSmart, Staples, Bob’s Discount Furniture, Beall’s Outlet and Dollar Tree to name a few.
Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller.
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