North Scottsdale Shopping Center Sells for $72.5 Million

The Fincham Dempsey Team at Lee & Associates is
pleased announce the sale of the Sonora Village retail shopping center for
$72,500,000. The property is located at the SWC of Frank Lloyd Wright Blvd.
and Loop 101 in North Scottsdale.

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The team, led by Principals Jan Fincham and Pat Dempsey, facilitated the
transaction on behalf of both the buyer, Sonora Village LLC, controlled by YAM
Special Holdings and the sellers, Sonora Village Investors, LLC, a company
controlled by Ryan Denk and Bob Mariash and SimonCRE ABBIE II, LLC, a
company controlled by Josh Simon of SimonCRE and Ryan Denk.
“The property is attractive because of the strategic location in the affl uent
North Scottsdale trade area as well as the customer draw from the dynamic
tenant mix which includes major anchor tenants and multiple entertainment
venues. The property benefi ts signifi cantly from the proximity to Scottsdale
Airpark and the 50,000-plus daily employees in the area who shop and dine at
the property,” said Fincham and Dempsey.
Sonora Village is a Class A regional power and entertainment center built
in 1986. The sale consists of 269,369 SF which includes the newly developed
6,000 SF Zen Asian Kitchen, Advanced Auto, El Pollo Loco and Chase Bank.
Notable tenants also include Best Buy, Staples, Party City, Pearle Vision, Aaron
Rents, Mattress Firm and Wildfl ower Bakery. Sonora Village also features an
entertainment component with Studio Movie Grill, O.H.S.O. Brewery, Four
Peaks Brewery, Peter Piper Pizza, Skeptical Chemist, Potbelly Sandwich Shop
and Rubio’s Mexican Grill.

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