Lowe’s Ground Lease Trades Hands for $22.7 Million

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 119,336-square-foot, triple-net Lowe’s ground lease in Tempe, Arizona. The sales price is $22.7 million. “Highlighting the strength of the asset’s positioning within two of the area’s largest urban centers,…