(For more retail coverage, click GlobeSt.com/RETAIL.)
ANTHEM, AZ-A Southern California investment group has made itsfirst foray into Arizona, with the $4-million acquisition of AnthemVillage Center. Visner Family 2004 Trust has taken control of the10,580-sf, fully leased center in an all-cash deal, beating out sixother offers for the acquisition honor.
Jan Fincham, principal with Phoenix-based Lee & AssociatesArizona, says the center at 2411 W. Anthem Way is in a residentialarea with barriers to entry and a high cash stream. The Walgreensat the hard corner wasn't part of the deal.
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