PHOENIX—CIRE Management, based in La Jolla, purchased Monterey Vista Village Shopping Center from Sandy, UT-based Monterey Vista Village Shopping Center, LLC. The asset is located on the northwest corner of Pecos and McQueen Roads in Chandler.
Monterey Vista Village is an 88,382-square-foot center built in 2006. It sold for $9.8 million. The property sits on 10.47 acres and is 77% leased to Auto Zone, Air Extreme Trampoline Park, State Farm Insurance, SANS Plumbing, Salon Boutique and more.
The transaction was negotiated by Jared Williams, Ari Spiro and Sean Stutzman of ORION Investment Real Estate based in Scottsdale.
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