The Palm Valley acquisition is located in Goodyear, a suburb about 20 miles west of Phoenix. Safeway anchors the center, which also has tenants such as Tempe Paint, Decorator Center, Maverick Glass, Subway, Domino's Pizza, GNC and Mail Boxes Etc.
Palm Valley shopping center is located at the southwest corner of Indian School and Litchfield roads. It is part of the 9,000-acre Palm Valley, a master-planned community developed by SunCor Development Co.
SunCor is a wholly owned subsidiary of Pinnacle West Corp., which also owns Arizona Public Service, the state's largest energy provider. Under the sales agreement, SunCor will have limited management responsibilities of the Palm Valley center for two years.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
