FOUR PEAKS PLAZA IN FOUNTAIN HILLS SELLS FOR $9.9M
FOUNTAIN HILLS, ARIZ. — Four Peaks Plaza, a 140,390-square-foot power retail center in Fountain Hills, has sold to an affiliate of Sandor Development, NSHE Los Gatos LLC for $9.9 million. The center is located at 16735-16845 East Shea Blvd. It was built in 2002.
Four Peaks was 74 percent occupied at the time of sale. Notable tenants include Pier One Imports, Hi-Health, Starbuck’s, Subway and O’Reilly Automotive. The center is anchored by Target, which was not part of the sale.
The seller, Retail Properties of America, was represented by Ryan Schubert and Michael Hackett of Cassidy Turley’s Retail Capital Markets Group.