Target, Safeway, Starbucks center in Scottsdale sells for $54M cash

A north Scottsdale shopping center anchored by Target and Safeaway has been sold to a Texas investment group for $54.1 million.

Weingarten Realty Investors of Houston (NYSE: WRI) bought the The Summit at Scottsdale from California-based Donahue Schriber Realty Group LLP in an all cash deal.

The retail center totals 190,400-square-feet. It is located at the northeast corner of Scottsdale Road and Asher Hills Drive. Other tenants include PetSmart, CVS and OfficeMax.


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Tenants include Safeway and… more



DTZ Executive Managing Directors Ryan Schubert and Michael Hackett of Phoenix and Dan Wald of San Francisco brokered the sale.

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Article source: http://www.bizjournals.com/phoenix/news/2015/07/07/target-safeway-starbucks-center-in-scottsdale.html