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Last Updated ( Wednesday, 09 October 2013 15:40 )
DATE_FORMAT_LC2=Wednesday,October 09 2013 12:00:00 am EDT   
Fountain Hills Plaza Sells for $20.5 Million

FountainHillsPlazaNLFountain Hills, Ariz. — Whitestone REIT has acquired the 111,289-square-foot Fountain Hills Plaza, a retail center in the Phoenix suburb of Fountain Hills, for $20.5 million. The center is located at the southwest corner of Palisades Boulevard and La Montana Drive. It is anchored by a Bashas grocery store and an Ace Hardware. Additional tenants at the property include Little Caesar's, GNC, H&R Block and Great Clips.

Glenn Smigiel, Bob Young, Steve Brabant and Rick Abraham of CBRE's Phoenix office represented the seller, J & R Holdings XX LLC, an entity formed by Pederson Group.

 

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