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Three Shopping Centers Fetch $80M Via REZA

IRVINE, CA—Two of the three centers in Phoenix; Redondo Beach, CA; and Carson, CA; change hands between what industry sources unrelated to the deal tell us are Southern California-based private investors.

By Carrie Rossenfeld | Updated on August 11, 2014

IRVINE, CA—REZA Investment Group Inc. has facilitated the disposition of three anchored shopping centers in Phoenix and Los Angeles County to what industry sources unrelated to the deals tell GlobeSt.com are different buyers. The aggregate value of the properties is approximately $80 million.

One of the properties sold was Goodyear Centerpointe is a 324,068-square-foot regional retail power center in Goodyear, AZ, a community of Phoenix. Sources unrelated to the deal tell GlobeSt.com the seller was Evergreen Development and the buyer Haagen Properties. A stabilized asset with 98%occupancy, the property is subject to a ground lease and features national and regional tenants Toys R Us, Babies R Us, Conn’s HomePlus, BevMo!, Party City and Sport Chalet. Additional tenants include Olive Garden, Red Lobster, Texas Roadhouse, Rubio’s, Paradise Bakery, Mattress Firm, Eyeglass World and T-Mobile.

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