Middle Market Digest: Southwest

Here’s a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.

DEALTRACKER

PHOENIX—A grocery-anchored shopping center located at the northwest corner of Tatum Boulevard and Cave Creek Road in Cave Creek has traded hands between Watt Phoenix Associates and SWC 28th and Peoria Investors for $6.7 million. Philip D. Voorhees and Jimmy Slusher with CBRE‘s National Retail Partners-West group based in Newport Beach, Calif. and Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office represented the seller, and CBRE’s Julius and Goldsmith also represented the buyer. Completed in 2000, Tatum Ranch Crossing, located at 29815 N. Tatum Blvd., is situated across nearly 6.3 acres. The Safeway-anchored multi-tenant center consists of five buildings and offers a mix of food and services-based retailers including Jack in the Box, Subway, Bank of America, Allstate Insurance, Mathnasium and H&R Block.