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PHOENIX – The 28,900-square-foot Central & Thomas Shopping Center in Phoenix has sold to GM Central LLC, an affiliate of Lawrence & Geyser Development, for $1.4 million. Lawrence & Geyser plan to remodel the neighborhood shopping center, which was 29 percent occupied at the time of sale. Cam Stanton, Glenn Smigiel and Bob Young of CBRE’s Phoenix office represented the seller, Gregg Williams of Trident Pacific Real Estate, the asset’s court-appointed receiver.