$28.5M Takes Target Anchored Mesa Arizona Property
REZA Investment Group Inc. is pleased to announce the sale of Santa Fe Square in Mesa, Arizona. The asset is a 372,000 square foot (263,100 sq. ft. included in offering) value-add Target anchored power center located within the densely populated trade area at the northeast corner of Southern Avenue and Gilbert Road.
Paragon Santa Fe, LLC acquired the property from Cole Santa Fe Holdings, LLC for $28.5 million. Anchor and subanchor tenants for the center include Target, Jo-Ann Fabrics, The Oak Store, Firestone, H&R Block, Village Inn, Weight Watchers and more.
"Santa Fe Square presents an excellent opportunity for the buyer to reposition the center providing long-term value within the established shopping environment."
Reza Etedali
CEO and Founder of REZA Investment Group Inc.
*In cooperation with a licensed Arizona broker.