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.


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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