Retail center sold in Phoenix metro area

Vacancy rate benefits from population influx
Published on May 2, 2006

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by CareyBot

Grubb & Ellis/BRE Commercial today announced the sale of Pure Fitness Plaza in Tempe, Ariz., for $11.4 million. Located at 1126 N Scottsdale Road, the 75,000-square-foot retail center was 90.7 percent leased at the time of sale to nine tenants. ...