Laveen Village Marketplace - Phoenix, AZ ($19,700,000)
REZA Investment Group Inc. is pleased to announce the sale of Laveen Village Marketplace. Located in the dynamic city of Phoenix, AZ, Passco Companies recently purchased the property for $19.7 Million from Weingarten Realty Investors. Laveen Village Marketplace is a 197,689 square foot neighborhood shopping center anchored by Fry's Food & Drug.
"We are committed to creating the highest value for our clients by continually uncovering exceptional opportunities like Laveen Village Marketplace. With its excellent location within the rapidly-growing Phoenix metropolitan area combined with a diverse tenant mix including Home Depot (NAP), Petco and Dollar Tree, this asset will provide long-term value for Passco. Over the past 30 days, our closed transactions have totaled over $200,000,000 indicating the significant amount of equity in the market despite current financial market conditions."
Ramez Barsoum
Managing Director of REZA Investment Group Inc.