PHOENIX—In this edition of Deal-Tracker, CBREcompletes the sale of the Shops at Dynamite & Tatum, a retailstrip center located at 28255 N Tatum Blvd, in Cave Creek. Theasset sold for $1.9 million.

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Steve Julius and JesseGoldsmith with CBRE's Phoenix office negotiated thetransaction on behalf the seller, Bainbridge Island, WA-basedPacific West Land. The buyer, Cave CreekShoppers Mall, LLP, of Vancouver, was represented byNathan Cardon of CardonCommercial.

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“The Shops at Tatum & Dynamite is a quality, well-leased andstable property,” says CBRE's Julius. “It should provide the buyerwith steady cash flow over the years.”

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Developed in 2006, Tatum & Dynamite Plaza is located justnorth of the Desert Ridge area. It is located along the border ofPhoenix and Cave Creek with Scottsdale's border just to the east.The retail strip center totals 8,725 square feet and tenantsinclude Goodwill Donation Xpress, Allstate Insurance, Pieh ToolCompany, Summit Chiropractor, as well as a barber shop and adentist.

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PHOENIX—A four-acre industrial property with two buildingstotaling 18,373 square feet at 12268 N. 92nd Dr. in Peoria sold for$2.1 million or $114.30 per square foot.

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Matt Hobaica,principal with Lee & Associates brokered thetransaction. The seller was One Cat Development Co.,LLC of Peoria. The buyer was JAG Properties III,LLC of Shawnee, KS, dba Reddi Services.They will occupy the facility for their plumbing and HVACoperations.

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The property features twoindustrial buildings; 14,100 square feet and 4,273 square feet.Both feature fire sprinklers, grade level doors, office space andare fullyfenced with two gates.

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The property is located near the Loop 101 and CactusRd. and provides easy freewayaccess

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PHOENIX—Marcus &Millichap announces the sale of Aaron's, a 7,000-squarefoot net-leased property located in Laveen, according toDon Morrow, regional manager of the firm's Phoenixoffice. The asset sold for $1.9 million.

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Mark Ruble and Jamie Medress,investment specialists in Marcus & Millichap's Phoenix office,had the exclusive listing to market the property on behalf of theseller, a limited liability company.

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Aaron's is located at 6175 South 35th Avenue in Laveen.

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