SRS Brokers $65.8 Million Sale of Grocery-Anchored Retail Center in Phoenix

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Phoenix – SRS Real Estate Partners’ Investment Properties Group (IPG) has completed the sale of Arcadia Crossing for $ 65.8 million. Chris Tramontano, John Redfield, Mike Polachek and Brian Polachek of SRS IPG represented the seller, a Phoenix based company Family office. Pinnacle Real Estate Partners represented the buyer, a Denver-based family office. Mike Polachek and Brian Polachek from SRS Real Estate Partners are the rental team for the property. Arcadia Crossing sits on 44 acres and at the time of sale was 95 percent rented to tenants such as Fry’s Food & Drug, Target, Burlington, Conn’s HomePlus, Costco, Ross Dress for Less, Petco and Five Below.

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