TEMPE-AZ-Centerpoint on Mill, a landmark forMill Avenue and the heart of downtown Tempe sinceits inception 28 years ago, has been sold byScottsdale, Ariz.-based DMB, Inc., to Mill AvenueRetail LLC, also of Scottsdale.

The 127,027 square-foot property brought$38.35 million.

Covering 22 acres starting at the northwestcorner of Mill Avenue and UniversityDrive in Tempe, Centerpoint on Mill was created through aunique public-private partnership with the City of Tempe. Theproperty was DMB's first large-scale mixed use development.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 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.

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.