PHOENIX—Cassidy Turley has completed the sale of approximately18-acres in the Casa Grande Power Center, Florence Boulevard and Interstate 10 in Casa Grande, Arizona. Wal-Mart Stores, Inc. purchased the property for an undisclosed price.
Cassidy Turley Arizona's EVP Mark Bramlett represented the seller, Florence & 1-10, LLC. The buyers represented themselves.
Wal-Mart plans to break ground this summer on a Sam's Club, a division of Wal-Mart Stores, Inc. Sam's Club is the eighth largest retailer and leading membership warehouse club. The Casa Grande location will include both the warehouse club and gas station.
“This purchase, by dominant U.S. retailer, is the shot-in-the-arm the I-10/Florence Boulevard commercial corridor needed to drive traffic to the area,” said Bramlett. “Casa Grande is a great oasis between Phoenix and Tucson.”
Casa Grande Power Center is a 37-acre regional power center whose tenants include Walgreens, Chase Bank and Culvers. The center has 2.5-acres of PADs available on Florence Boulevard for sale or lease, plus additional land to accommodate restaurants and junior anchor users. Cassidy Turley has the marketing assignment for this mixed use development in this Casa Grande Power Center.
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
