Lee & Associates Facilitates Sale of Tucson Shopping Center for $46M

TUCSON, Ariz. - Feb. 25, 2015 - PRLog -- Lee & Associates is pleased to announce the sale of the Casas Adobes Plaza, an upscale retail shopping center in Tucson for $46 Million.

Casas Adobes Plaza is an iconic 91,318 SF, grocery-anchored specialty shopping center, strategically located at the Southwest corner of Ina and Oracle roads in an affluent area of north Tucson. It is anchored by a new Whole Foods that opened this past August.

Jan Fincham and Patrick Dempsey, principals with Lee & Associates in Phoenix, facilitated the transaction on behalf of their Institutional client, GRI Investors of Bethesda, Maryland. The seller was Casas Adobes Plaza LLC of Tucson, a private investment group.

"This acquisition was an opportunity for our Institutional client to acquire a Class A infill, upscale grocery and specialty center in an affluent area in the Catalina Foothills of north Tucson Arizona," said Dempsey.

Casas Adobes Plaza features national, regional and specialty tenants such as Whole Foods, Starbuck’s, Chipotle, Pei Wei Asian Diner, Jos. A Bank Clothier, Chico’s, Sauce, Loop Jean Company and a Wildflower restaurant.

For more information, contact:

Pat Dempsey, Principal
602.954.3772, pdempsey@leearizona.com

Jan Fincham, Principal
602.954.3754, jfincham@leearizona.com

About Us:

Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, land and investment sectors of the Phoenix commercial real estate market. The Phoenix office was established in 1991 and is now recognized as one of the most successful brokerage firms in the state. Each of our nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.