$5M+ Deals – $137M in multiple SE Valley deals

Below is a list of the deals closed Wednesday 11/5/14 in Maricopa County over $5 million according to the Maricopa County Recorder. The Rose Law Group Reporter has not independently verified these transactions.

$66.1M sale of two parcels in Gilbert by companies formed by American Realty Capital Properties. The first is a 24.89 ac. 275,814 SF portion of the San Tan Village Retail Center at the NWC of the Loop 202 and San Tan Village Parkway in Gilbert. This also included a .77 ac. pad at the SEC corner of S. Market Street and E. WIlliams Field Road that currently houses four retail tenants in 7,341 SF of retail space.

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$29.25M sale of two parcels in Fulton Ranch Town Center at the SWC of E. Ocotillo Road and S. Arizona Avenue in Chandler covering 18.9 ac. by RED Development of Ocotillo LLC, an entity formed by RED Development. The parcels include 134,552 SF of retail space.

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$18.6M sale, also by an entity formed by RED Development, of 14.217 ac. and 100,233 SF of retail space at the NEC of W. Chandler Heights and S. Alma School Roads in the Fulton Ranch Promenade.


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$13.5M sale of three parcels totaling 10.8 ac. and 67,783 SF of retail space anchored by an LA Fitness in the Power Marketplace Center at the NEC of S. Power and E. Rittenhouse Roads in Queen Creek by an entity formed by American Realty Capital Properties.

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$9.7M sale of the Holiday Inn just west of the NWC of W. Ocotillo and S. Alma School Roads in Chandler by North Face Investments LLC out of Tucson. The site is 2.7 acres and is adjacent to the Ocotillo Golf Resort.

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