Shopping Center Trades for $3.35M in Revitalized Fiesta District in Mesa, Arizona

MESA, Ariz. - Oct. 19, 2016 - PRLog -- Grove Towne Center, a 22,224 SF shopping center at 1130 W. Grove Ave., Mesa, Arizona, in the revitalized Fiesta District sold for $3,350,000 or $150.74 per SF.

Sean Bishop, Principal with Lee & Associates brokered the transaction on behalf of the buyer, Grove Arizona, LLC, Calabasas, CA. Barbara Lloyd and Lane Neville of NAI Horizon, negotiated for the seller, Grove Towne Center, LLLP, Lone Tree, CO.

Built in 2005, the single-level, multi-tenant strip center features abundant parking and is close to Mesa Community College, Banner Desert Medical Center, Fiesta Mall and other large employers. It is two blocks north of the Superstition Freeway (U.S. 60) and near a major bus line on Alma School Rd. Tenants include The Draft, Barro's Pizza and Ike's.

Lee & Associates was retained by the new owners to lease space. Contact Sean Bishop regarding leasing opportunities.

For more information:

SEAN M. BISHOP, CCIM
PRINCIPAL
602.954.3774
sbishop@leearizona.com
www.lee-associates.com


About Us:

Now in its 25th year, Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, investment, multifamily, and land 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 57 North American offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.