A&C Properties Sells Grocery-Anchored Retail Portfolio in Arizona for $108.7M

11North Partners Buys $108.7M Arizona Grocery Portfolio

11North Partners paid $108.7 million for a seven-property grocery-anchored portfolio across Phoenix and Tucson, anchored by Fry's Food & Drug.

11North Partners Pays $108.7M for Arizona Grocery Portfolio

A&C Properties offloaded a seven-property, grocery-anchored for $108.7 million. The properties, making up 422,000 square feet of space were in Phoenix and Tucson. JLL represented A&C Properties Inc., in the transaction. 11North Partners acquired the asset. Working on behalf of the new owner, JLL also arranged $66.36 million in acquisition financing through a leading insurance ...

A&C Properties Sells Grocery-Anchored Retail Portfolio in Arizona for $108.7M

CHANDLER, CAVE CREEK, GILBERT, MESA AND TUCSON, ARIZ. — A&C Properties Inc. has completed the sale of Arizona Grocery Portfolio, a grocery-anchored retail portfolio in Phoenix and Tucson, to 11North Partners for $108.7 million. Totaling 422,949 square feet, the seven-property portfolio is currently 96 percent occupied with Fry’s Food & Drug as anchor tenant. The portfolio includes Gilbert Fiesta Marketplace, Shops at Gilbert Fiesta and Township …