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BH Adds to Arizona Portfolio

PHOENIX—BH Properties, consistent with a statement Steve Jaffe, executive vice president and general counsel for the company, made to GlobeSt.com in an exclusive interview, is continuing with its renewed Southwest strategy.

By Kristian Seemeyer | Updated on February 28, 2014

PHOENIX—BH Properties is continuing its renewed Southwest strategy. It’s consistent with a statement Steve Jaffe, executive vice president and general counsel for the company, made to GlobeSt.com in an exclusive interview. The company has acquired its third retail property in Arizona, adding to its expanding portfolio.  The Los Angeles-based firm, which specializes in purchasing challenged and distressed real estate properties, has recently purchased Ross Plaza, located in the submarket of North Phoenix.

“Ross Plaza is a well-constructed property in a highly dense residential and retail area, making it an ideal addition to our active Phoenix portfolio,” says Jaffe. “The plaza is situated in a locale that offers two mile visibility, as well as access to key consumer demographics, including the Arizona State University west campus.”

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