PALM COURT PLAZA ACQUISITION

A company formed by West Coast Commercial, a Real Estate Development company (Todd M. Lytel, Principal), paid $1,125,000, just under $22.00 psf, to purchase the former Velda Rose Shopping Center in Mesa.  The deal was closed in seven days. The shopping center, conveniently located at 5604 E. Main Street, Mesa, combines more than 51,154 square…