Desert Ridge deal completed

NAI BT Commercial represented both parties in the sale of Shade at Desert Ridge, a recently constructed shopping center in Phoenix, Ariz.

The value of the transaction was $16 million.

The 42,706-square-foot property, located on Tatum Boulevard off the 101 Loop, was fully leased and anchored at the time of sale by Walgreen's, Wells Fargo Bank and Starbucks, all with drive-through windows.

Warmington Capital Partners purchased the center from Geneva Holdings.

NAI BT Commercial is a commercial real estate firm primarily providing services through 14 offices in Northern California.

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