Ahwatukee Mercado. Picture courtesy of Westwood Monetary
Westwood Monetary has offered Ahwatukee Mercado, a 125,716-square-foot, grocery-anchored retail middle in Phoenix. Public information present that Funding Ideas Inc. bought the asset for $14 million. Westwood had acquired the property in 2019 for $9 million, in line with CommercialEdge information.
Accomplished in 1985, Ahwatukee Mercado encompasses eight buildings unfold throughout a 5.6-acre web site, the identical information supplier reveals. Shadow-anchored by a Safeway retailer, which was not included within the deal, the purchasing middle has a various mixture of native, regional and nationwide retailers, together with Subway, H&R Block, Dogtopia, Nice Clips and Biscuits Eating places. The asset was 95 % leased on the time of sale.
That includes three factors of entry and proximity to Interstate 10, Ahwatukee Mercado is positioned at 4623 and 4747 E. Elliot Street, on the southwest nook of Elliot Street and South forty eighth Road. Downtown Phoenix is a few 13 miles northwest.
On the finish of 2022, Westwood bought a 225,224-square-foot, grocery-anchored purchasing middle in Westminster, Colo. Shadow-anchored by a Tremendous Goal retailer, the property was 94 % leased on the time of the acquisition.
