Glimcher dumps Arizona shopping center

Property anchored by Wal-Mart, Ross Dress 4 Less

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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. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....