NORTH PARK PLAZA SELLS FOR $13M

by admin

PHOENIX — North Park Plaza, a 101,361-square-foot neighborhood shopping center in Phoenix, has sold to an entity formed by Westwood Financial Corporation for $13 million. The center was built in 1963 and is anchored by Safeway. The center underwent improvements in 1986 and 2007. Ryan Schubert and Michael Hackett with Cassidy Turley BRE Commercial’s Retail Capital Markets Group and Bob Buckley with the firm’s Capital Markets Group represented both the buyer and the seller, Aegon USA Realty Advisors.

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