Developer buys Mesa’s Fiesta Mall, plans makeover into health, education campus

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.

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