PHOENIX-Carlyle Development Group has paid $12.2 million to buy Metrocenter Mall. The deal does not cover the spaces occupied by Sears, Dillard's and Macy's as well as two other empty big-box stores, but includes a connecting retail space spanning 525,000 square feet. The mall has been bought out of receivership from court-appointed receiver, Douglas P. Wilson. Cassidy Turley BRE Commercial brokered the deal for Wilson.
The mall entered into receivership after AEW Capital Management LP, its former owner, defaulted on a loan. For the full story, go to Phoenix Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 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.
