Canyon Center is a 47,866-square-foot shopping center shadow-anchored by Smith's Grocery in Sandy, UT.
SANDY, UT—An affiliate of Irvine, CA-based Pacific Castle has sold the Canyon Center shopping center here to a local investor as part of a multiple property 1031 exchange transaction.
The deal for the 47,866-square-foot shopping center, shadow-anchored by Smith's Grocery, was reported by brokerage firm Hanley Investment Group Real Estate Advisors. No financial details of the sale transaction were released.
Hanley EVPs Bill Asher and Kevin Fryman, along with its president Edward Hanley, represented the seller, Pacific Castle affiliate Pacific Canyon Center, LLC. Greg Swedelson and Jon-Eric Greene with SSG Realty Partners represented the unnamed buyer. The property was part of a multi-property acquisition strategy, across multiple states, to fulfill the buyer's 1031 exchange requirement, Hanley Investment Group Real Estate Advisors states.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
