Wednesday, December 30, 2015

East Thunderbird Square North Power Center Sells for over $39 Million

Area Map

The Goodwill-anchored East Thunderbird Square North shopping center was purchased by West Valley Properties on Tuesday for $39.1 million in a cash-only transaction. Sellers Starwood Capital had previously acquired the asset in early 2014 as part of an eleven-property portfolio sale.

This power center includes six big box lots, inline space, and 3 retail pads with tenants including "FedEx Kinko's" and "Spencer's TV & Appliance". Its location north of the Scottsdale and Thunderbird Roads intersection places it just a quarter mile west of Scottsdale Municipal Airport.

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