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TriGate Capital LLC adds to Valley retail holdings…pays $23.5 million for Goodyear Center

Goodyear – A company formed by TriGate Capital LLC in Dallas, Tex. (Jay Henry, managing member) paid $23.5 million to buy 202,196 sq. ft. of retail space and land for another 300,000 sq. ft. of stores within the Canyon Trails community in Goodyear. The property, called Canyon Trails Towne Center, is located at the northeast corner of Yuma Road and Cotton Lane. The seller in the cash sale was Vestar/EQY Canyon Trails LLC. That company was formed by Vestar Development in Phoenix (Rick Kuhle, pres.) and Equity One Inc. in New York City, NY. (NYSE:EQY, Thomas Caputo, pres.). The deal was brokered by Ryan Schubert and Michael Hackett of Cassidy Turley in Phoenix. The retail space, which is 62 percent occupied, is in the shadows of a super Target store that is owned separately. Continue reading

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.