Sold for $6.72 million
By Jessica Boehm and Catherine Reagor | The Republic
Buyers plan to invest $30 million in nearly vacant mall after purchasing it for $6.72 million
Fiesta Mall in Mesa, once a giant in the southeast Valley shopping scene, has been sold to a duo of developers who plan to transform the withering mall into a campus focused on health and education.
The sale price was $6.72 million.
New owners Dimension Financial & Realty Investments Inc., spearheaded by Jerry Tokoph and Wayne Howard, intend to spend as much as $30 million on the makeover.