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MESA, ARIZ. – CB Richard Ellis has sold the 210,986-square-foot Mesa Ranch Plaza for $19.1 million. The Mesa-based community shopping center was purchased by Reddy Development. The seller, a lender partnership, had acquired the property through foreclosure from the developer. Mesa Ranch is currently 45 percent occupied. The seller was represented by Philip Voorhees, Todd Goodman, Pat Toomey, Megan Read and John Read of CBRE’s National Retail Investment Group, along with CBRE's local Phoenix investment team of Glenn Smigiel, Bob Young, Steve Brabant and Rick Abraham, and retail specialists Kevin Schuck and John Rehling. Reddy was represented by Bruce Francis and Dana Summers of CBRE Capital Markets in Phoenix.