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Lee & Associates Negotiates $24.8 Million Sale of Tucson Shopping Center
TUCSON, Ariz. - January 17, 2013 - (RealEstateRama) -- Lee & Associates Arizona negotiated the $24.8 million sale of the River Center, a 117,563-square-foot shopping center that is anchored by Whole Foods and Petco. Located at 555 East River Road in Tucson, the sale of the center posted a cap rate of 5.5 percent.
Tucson Shopping Center Sold to Investment Trust for $125.4 million
Tucson, AZ - August 23, 2012 - (RealEstateRama) -- The Tucson Spectrum Shopping Center sold to a publicly-traded investment trust for $125,375,000. DDR Corp. purchased the 709,811 SF and seven developable fi nished retail pads of the Phase II portion of the regional retail center located at Irvington Road and Interstate 19. Price per square foot for this transaction was calculated at $177.00.
Westwood Financial Corp. Makes Another Value-Add Retail Purchase
Torrance, CA - October 25, 2011 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has purchased the 24,452-square-foot Crossroads of Tempe retail center in the Arizona town. It is the company’s latest transaction toward the company’s value-add program, to which it has earmarked $100 million in purchases.
