MESA, AZ-The 25%-leased Sun Valley Plaza West is ready for its ultimate makeover. The 107,400-sf retail center has sold for $3.1 million to Michael A. Pollack Real Estate Investments, which is now revving up an extensive renovation.

“It’s the type of project that takes local ownership and management and local leasing. It’s not the kind of property that you just put in your portfolio,” Michael Pollack, president of Michael A. Pollack Real Estate Investments, tells He bought the asset at 7246 E. Main St. from New Plan Excel Realty Trust Inc. of New York City.

The off-market transaction was sparked when Pollack approached the previous owner with an offer to purchase and turnaround the property. Interior and exterior upgrades could wrap in as soon as 90 days. “It looked tired. It looked antiquated. It needed a real commitment and a local presence,” Pollack explains.

Sun Valley Plaza West was built in 1989 on 12 acres. Rents are cheap by Mesa standards–$10 per sf for smaller strip space and $6 per sf for big-box space. The center includes a vacant 5,000-sf pad site. Tenants include Family Dollar, Waldenbooks and Peter Piper Pizza.

Rick Robertson of Lee & Associates Arizona in Phoenix represented Pollack in the purchase deal. New Plan Excel 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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.