The sale of Sycamore Center, a 19,292 square foot shopping center built in 1999 was recently recorded. The location of the property is the NEC of Brown & Recker in Mesa, Arizona. The property sold to Tiffer Holdings, LLC. The seller was Sycamore Phoenix Partners, LP. The sales price was $1,259,000, which equates to $65.26 per square foot. The building was 39% leased at closing.
Mark Rein of Rein & Grossoehme represented the seller. Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing. Mark Rein specializes in the sale of shopping centers and has sold 95 such properties over the years. For more information regarding the above listed transaction, contact Mark Rein at 480-214-9414 or Mark@RGcre.com.
Specializing in commercial real estate for over 20 years, Rein & Grossoehme is consistently recognized as a market leader in Arizona and provides services in retail leasing and sales, office leasing and sales, industrial leasing and sales, land and pads, self storage properties, multi-family properties, single tenant triple net leased properties, and tenant representation.