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Glendale, Ariz. — Lee & Associates has arranged the sale of two Glendale shopping centers, Glendale Market Square and Arrowhead Plaza, for a total of $38.6 million.
Glendale Market Square, a 221,388-square-foot shopping center, was purchased for $24.6 million by CIRE. Arrowhead Plaza, an 84,389-square-foot shopping center, was purchased for $14 million by Beardsley-67th Avenue LLC. Ian Fincham and Patrick Dempsey of Lee & Associates worked on behalf of both the buyer and seller for each transaction.