Saturday, October 10, 2015

Popular Tempe Marketplace mall sells for $367 million

Tempe Marketplace, the popular open-air mall near Arizona State University's main campus, sold today for $367 million. It is one of the priciest real-estate deals in Arizona history.

The 1.3 million-square-foot shopping center has dozens of stores and restaurants, including Nordstrom Rack, H&M and Dave and Buster's. The mall was sold in an unusual deal, with its developer Vestar being part of the groups buying and selling it.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2015/10/06/tempe-marketplace-mall-sold/73474134/

Reuters: Financial Services and Real Estate

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