Home Real Estate Crow Holdings Bags Mesa Shopping Center
Real Estate

Crow Holdings Bags Mesa Shopping Center


A joint venture managed by Crow Holdings Capital has purchased The Shops at Sossaman, a 34,151-square-foot neighborhood shopping center in Mesa, Ariz., for $8.1 million. Abington Emerson Investments was the seller and Newmark brokered the transaction.

Abington acquired the property back in 2017 for $3 million, according to CommercialEdge data. At the time of the purchase, the asset’s occupancy was only 37 percent.

Completed in 2002, The Shops at Sossaman is now 100 percent leased to a diverse tenant mix of tenants such as Banner Health Physical Therapy, East Valley Pet Urgent Care, Empower Academy and Crave Pizza.

A Newmark team led by Steve Julius represented the buyer. Renee Shprecher of Buchalter represented Abington Emerson.



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...