Glimcher dumps Arizona shopping center
Property anchored by Wal-Mart, Ross Dress 4 Less
By Inman News, Wednesday, March 31, 2004.Inman News®
Marcus & Millichap brokered the sale of the 227,149-square-foot Plaza Vista Mall in Sierra Vista, Ariz.
The value of the transaction was $20.2 million.
Phoenix-based Glimcher Venture Southwest sold the property, located at 625 N. Charleston Road, to Los Angeles-based Plaza Vista Group LLC.
Tenants at Plaza Vista include Wal-Mart, Ross Dress 4 Less, Marshalls, Greenbacks, Payless Shoes, Hallmark, Wells Fargo, Radio Shack and Subway. The center was constructed in 1988.
Marcus & Millichap's represented Glimcher in this transaction, while Sperry Van Ness represented Plaza Vista Group.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
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