Rodeo Park Plaza in Gilbert Sells for $2.8M

by Nellie Day

GILBERT, ARIZ. – Rodeo Park Plaza, a 24,533-square-foot retail center in Gilbert, has sold to L.S.S. Inc. on Rodeo Park and Jabbell Holdings LLC on Val Vista Marketplace for $2.8 million. The center is located at 1659 & 1661 S. Val Vista Drive and 1663 E. Ray Road. The buyers purchased the asset through Auction.com. The sellers were WBCMT 2006-C29 Val Vista Retail LLC and JPMC 2005-CIBC13 East Elliot LLC. The LLCs are affiliates of LNR Partners. The transaction was executed by Darren Tappen and Matthew Ault of Voit Real Estate Services.

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