TUCSON—Lee & Associates has completed the sale of the Casas Adobes Plaza, an upscale retail shopping center in Tucson for $46 Million.

Casas Adobes Plaza is an iconic 91,318-square-foot, grocery-anchored specialty shopping center, strategically located at the Southwest corner of Ina and Oracle roads in an affluent area of north Tucson. It is anchored by a new Whole Foods that opened this past August.

Jan Fincham and Patrick Dempsey, principals with Lee & Associates in Phoenix, facilitated the transaction on behalf of their Institutional client, GRI Investors of Bethesda. The seller was Casas Adobes Plaza LLC of Tucson, a private investment group.

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