CBRE Arranges $16.6 Million Sale of Plaza at Power Marketplace in Arizona

LA Fitness anchors Plaza at Power Marketplace, which was 93 percent leased at the time of sale. LA Fitness anchors Plaza at Power Marketplace, which was 93 percent leased at the time of sale.

Queen Creek, Ariz. — CBRE has arranged the $16.6 million sale of Plaza at Power Marketplace, a 70,961-square-foot shopping center in Queen Creek.

Philip Voorhees, Jimmy Slusher and Steve Julius of CBRE arranged the transaction on behalf of the seller, a private investor from New York, as well as the buyer, a family office based in California. LA Fitness anchors Plaza at Power Marketplace, which was 93 percent leased at the time of sale. Additional tenants include Taco Bell, Dunkin Donuts and Edward Jones. The Home Depot shadow-anchors the center.

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