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8/20/21
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Longbow Marketplace, a 58.3k sf, Sprouts-anchored retail center in Mesa, AZ, was purchased a Canada-based private family investor group. The deal was financed with a $17 mil acquisition loan.
Located at 5918 E. Longbow Pkwy, the retail center was fully leased at the time of sale. The property was constructed from 2017 to 2019 on an 8.5-acre lot and features 408 parking spaces. The site is adjacent to Loop 202, connecting the center to the rest of the Phoenix metropolitan area.
Garrett Stasand of CBRE arranged the loan, which was funded through Nationwide Life Insurance.
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