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CA Investor Pays $30M for Walmart-Anchored Center

PHOENIX-Twenty-two investors vied for the 173,529-square-foot Tatum Point Shopping Center. The sale is one of the largest since 2008.

By Jennifer Duell Popovec | Updated on June 30, 2011

PHOENIX-An investor based in Los Altos, CA, has acquired Tatum Point Shopping Center for $30 million.

The buyer, Tatum Venture LLC, purchased the 173,529-square-foot, Walmart-anchored neighborhood center from Scottsdale, AZ-based Tatum Point LP. The sale, which did not include the Walmart, represents one of the largest single shopping center trades in the Valley since 2008. 

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