December 2, 2024 6:52 am
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Tempe complex next to Alamo Drafthouse Cinema sells for $560 per foot

Alamo Drafthouse Cinema, Tempe. / Alamo Drafthouse Cinema 

By Mike Sunnucks | Rose Law Group Reporter

The Collective Shops, a two-building retail complex in Tempe adjacent to the Alamo Drafthouse Cinema, have sold for $8.3 million or $560 per foot.

Tess Collective LLC acquired the properties from Lake Country Retail Partners LLC.The Collective Shops are located on 2.59 acres at Baseline and Rural roads (1120 and 1128 E. Baseline Road).

Chad Tiedeman with Phoenix Commercial Advisors helped broker the sale. The two buildings include restaurants and total 14,883 square feet.

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© 2024 Rose Law Group Reporter

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.