Register
Pima Crossing in North Scottsdale, Arizona. (photo: Cushman & Wakefield)
Pima Crossing in North Scottsdale, Arizona.
11.01.2021, 22:53

Acquisition of Arizona Shopping Center

Real Estate, Americas, Service Provider News, Commercial Property

Retail real estate owner-operator YAM Properties has acquired the 238,275 sq. ft. Pima Crossing shopping center in Scottsdale, AZ for US $51.5 million in a transaction brokered by Cushman & Wakefield.


Located in North Scottsdale, at the full-diamond interchange of the Loop 101 Freeway and Shea Boulevard, near the HonorHealth Scottsdale Shea Medical Center,  Pima Crossing is anchored by one of the nation’s largest golf retailers and is also home to several other well-known national and regional tenants.
 

Michael Hackett from Cushman & Wakefield's Phoenix office, who represented the seller (an entity formed by Los Angeles-based Karlin Real Estate) with colleague, Ryan Schubert, describes the center which was developed in 1993 as an "attractive retail investment," before adding:

 

"This acquisition provides another in-fill, North Scottsdale asset to a tremendous retail portfolio owned by YAM Properties."

 

Article rating:

vote data

Leave a reply

Pictured: Compass Group PLC CEO, Dominic Blakemore. (photo: Compass Group UK & Ireland)
News Editor  - 11.01.2021

Putting the Planet First

Compass Group is among 25 companies to have confirmed support for the Terra Carta pledge launched by HRH The Prince of Wales’ Sustainable Markets Initiative.

 (photo: Meritt Thomas)
Simon Green  - 06.01.2021

Smoke Bombing or Air Sanitisation Units?

Simon Green, Head of Value Engineering, Sourcing & Quality for the Airdri Group, explains why air sanitisation units are preferable to the practice of smoke bombing in workplaces post-Covid-19.

 (photo: TUV Rheinland)
News Editor  - 06.01.2021

Hailing Building Materials Testing

A specialised testing service from TÜV Rheinland can prevent damage to buildings, cars and caravans caused by hailsontes.

 (photo: Mali Maeder)
News Editor  - 19.01.2021

Scrap UK Reverse Charge VAT Proposals

SELECT, Scotland's largest construction industry body, is joining other leading trade associations in again calling on UK Chancellor Rishi Sunak to withdraw 'damaging' Reverse Charge VAT...

David Frear (photo: Terminix Global Holdings)
News Editor  - 19.01.2021

Teminix Enlarges Board

Terminix has appointed David J. Frear to its board of directors and audit and environmental, health and safety committees.

Artist's rendering of the Ludhiana development. (photo: )
News Editor  - 19.01.2021

Malhotra Group Announce Largest Ever Development

Meenu Malhotra, chair of Newcastle based commercial and residential property company Malhotra Group, has unveiled plans to develop a £150 million site in Ludhiana, Punjab, India.