Arlington Investments Inc., headed by Jack Einbinder, purchasedthe Palmer Plaza, a 6,400-sf retail center at 11200 Michigan Ave.for $292,000. Youngtown is about 15 miles northwest of downtownPhoenix and adjacent to Sun City retirement community.

Local investor, Robert Tufts of Litchfield Park, AZ, was theseller. He had owned the property for the past five years.

The Phoenix office of Marcus & Millichap represented bothparties.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 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.