ICYMI: Phoenix investors have purchased the former department store, next to Park Place, which closed in 2018.
Gabriela Rico The former Sears store, adjacent to Park Place, has been bought by Phoenix investors for redevelopment.
The property has one tenant, Round One Entertainment Inc., a bowling, arcade and entertainment venue that occupies about 50,000 square feet in the main building’s ground floor and basement.A representative for the buyers said they are working on a development plan and look forward to making an announcement in the near future.People are also reading… CBRE’s Philip Voorhees, Jimmy Slusher, Nancy McClure and Trent Steeves represented the seller, Seritage Growth Partners.
Cayomango LLC leased 5,750 square feet at 2303 E. Valencia Road to open a Mexican restaurant and bar. Jeramy Price and Andreas Castillo, with Volk Co., represented the landlord, M&L Castro Investments LLC. Oro Valley Care LLC leased 2,590 square feet at 11015 N. Oracle Road for an urgent care center. Volk Co. represented the landlord, Steamy Shops LLC and White Toys LLC. The tenant was represented by Dave Carroll, of Romano Real Estate.
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