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PRESCOTT, AZ-A 1031 exchange buyer from Goodyear, AZ has acquired the Willow Crossroads shopping center with proceeds from the sale of a multifamily property in Phoenix. The 95%-leased asset brought $5.8 million for its developers.

Zaharia Opera is holding the deed to 15,000 sf of inline space and a ground-leased Jack-in-the-Box restaurant on 2.5 acres at 3180-96 Willow Creek Rd. The holding is anchored by a 60,000-sf Fry’s grocery store.

Phoenix developers Bruce Utterback and Jack Wilson built the shopping center in 2005-06. Its tenants include Great Clips, Subway and a UPS store. The Jack-in-the-Box restaurant has a 22-year lease on its pad site.

First vice president Ryan Schubert of Grubb & Ellis


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