Fiesta Mall Area Map |
The 95,000 square foot Best Buy / Dick’s Sporting Goods
anchor at Fiesta Mall in Mesa sold Wednesday for a price of $5.9 million, or
$62 per square foot. Macerich previously purchased this property for $16.05 million in early 2007. The prior sale included a former anchor building which
was demolished to make way for present improvements. The new owner of the
property is valley investor Ernest C Garcia II, owner of Drivetime Automotive
Group.
Macerich previously owned the entire Fiesta Mall shopping center
but relinquished ownership in 2013 via deed in lieu of foreclosure. This
transaction did not include the Best Buy / Dick’s Sporting Goods location.
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