A Sikh immigrant who emigrated to Canada alone as a teenager and built a business career in Vancouver has acquired a Surprise shopping center and adjacent land for $12.5 million.
Mike Sunnucks, Phoenix Business Journal reports Kulwant Sarai’s Imman Enterprises LLC has acquired the Marley Park Plaza shopping center for $11.7 million and an adjoining parcel for $750,000. He hopes to develop another 16,700 square feet of retail space on that land.
Nathan and Jack Cardon of Cardon Commercial represented Sarai. Cassidy Turley brokers Michael Hackett and Ryan Schubert represented the seller, Donahue Schriber.
