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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