Falcon Gateway mall sold in Arizona

Tenants include Staples, Panda Express

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Lee & Associates negotiated the sale of the 59,223-square-foot Falcon Gateway Shopping Center in Mesa, Ariz.

The value of the transaction was approximately $17.6 million.

Built in 2003, the class A retail center is located on the southeast corner of McKellips and Greenfield roads.

The retail center was 98 percent leased at the time of sale. Tenants include: Staples, Payless Shoes, Buffalo Wild Wings Grill and Bar, Great Clips, Subway, Panda Express, Sleep America and Fashion Bug. 

Brown Greenfield & McKellips LLC sold the plaza to Falcon Gateway Retail Center LLC.

Lee & Associates is a regional commercial real estate services provider operating in California, Arizona, Nevada, Missouri, Illinois, Michigan and New Jersey.

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