REBusinessOnline

LevRose Commercial Negotiates $7.2M Acquisition of Shopping Center in Phoenix

PHOENIX — LevRose Commercial Real Estate/TCN Worldwide has arranged the acquisition of Bell Park Plaza, a shopping center located at the northeast corner of 43rd Avenue and Bell Road in Phoenix.

Canada-based Triumph Real Estate Investment Fund from Hanley V Properties purchased the retail property for $7.2 million.

At the time of closing, the 33,480-square-foot property was 93 percent occupied. Tenants include Subway, Hobby Bench, Banner Health Urgent Care and Papa John’s Pizza.

Jon Rosenberg and Keri Davies of LevRose represented the buyer, while Greg Abbot of CBRE represented the undisclosed seller in the deal.

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