Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GOODYEAR, AZ-Columbia Regency Retail Partners LLC of Dallas has put up $13.2 million for the Palm Valley Marketplace, a highly established grocery-anchored retail project in the West Valley.

SunCor Development Co. is the seller of the 107,600-sf center, positioned on the southwest corner of Indian School and Litchfield roads in Goodyear, a suburb about 15 miles west of downtown Phoenix. The retail facility, purchased as an investment, is 96% occupied.

Palm Valley Marketplace is near some of the most upscale residential communities in the southwest Valley, including Palm Valley and Tuscany. The Wigwam Resort, one of the top-rated resorts in the region, is less than a mile to the north. The Safeway-anchored center is the dominant player of its product type in the Goodyear area.

Seller SunCor is a subsidiary of Pinnacle West Capital Corp., which owns the Arizona Public Service, one of the state’s largest public utilities. SunCor developed the Palm Valley Marketplace several years ago. The Phoenix office of CB Richard Ellis, with brokers Bob Young, Glenn Smigiel, Steven Brabant, Rick Abraham, Judi Butterworth and Greg Abbott, represented the SunCor in the transaction. Columbia Regency used in-house representation.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.