November 17, 2024 9:25 am
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Phoenix Shopping center trades for all cash deal

The transaction includes the 132,314-square-foot shopping center space, 4 developable pads and a 6.6 acre parcel for future retail development.
The transaction includes the 132,314-square-foot shopping center space, 4 developable pads and a 6.6 acre parcel for future retail development.

By Kristian Seemeyer | Globe St..com

The South Mountain Crossing shopping center at 3636 W. Southern Ave. in Phoenix, sold for $11,172,825, or $84 per square foot in an all cash, value-add investment sale.

The transaction includes the 132,314-square-foot shopping center space, 4 developable pads and a 6.6 acre parcel for future retail development.  Lee & Associates Arizona Fincham/Dempsey Investment Team, led by principals Jan Fincham and Pat Dempsey, facilitated the transaction on behalf of both the owner, RN South Mountain Properties, LLC and the buyer, South Mountain Retail, LLC.

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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.