TEMPE-AZ-Centerpoint on Mill, a landmark for Mill Avenue and the heart of downtown Tempe since its inception 28 years ago, has been sold by Scottsdale, Ariz.-based DMB, Inc., to Mill Avenue Retail LLC, also of Scottsdale.
The 127,027 square-foot property brought $38.35 million.
Covering 22 acres starting at the northwest corner of Mill Avenue and University Drive in Tempe, Centerpoint on Mill was created through a unique public-private partnership with the City of Tempe. The property was DMB's first large-scale mixed use development.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
