Dec
20
C&W Arranges Sale of AZ Retail Center
BySarofim Realty Advisors acquired The Plant, a nearly 57,000-square-foot shopping center in suburban Phoenix, from Common Bond Development Group. The property changed hands for $25.8 million.
Cushman & Wakefield has facilitated the sale of The Plant, a 56,831-square-foot shopping center located in the south-eastern outskirts of Phoenix. Sarofim Realty Advisors acquired the asset from Common Bond Development Group for $25.8 million.
The grocery-anchored shopping center is situated on a 7.6-acre site at 4021-4095 South Gilbert Road, in Chandler, Ariz., in a suburban, mostly residential area. The Plant is anchored by Sprouts Farmers Market, which opened at the location in April 2016. Other tenants include Starbucks, Café Rio, Pet Planet, Club Pilates and Dairy Queen…
