Lena Centers Acquires El Monte Shopping Plaza In Phoenix For $17M With Brokers John K Jackson & Mindy Korth

A retail asset located at 8841 North 19th Avenue in Phoenix, AZ, was sold as part of a transaction. The property encompasses 101,269 square feet and was acquired for $17,000,000, resulting in a price per square foot of $168. At the time of sale, the grocery-anchored El Monte Shopping Plaza boasted a 99% lease occupancy rate.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,000,000
• Sale Date: 11/27/2024
• Address: 8841 North 19th Avenue
• Market: Phoenix, AZ
• Square Footage: 101,269
• Price Per Square Foot: $168
• Buyer: Lena Centers
• Brokers: John K Jackson & Mindy Korth - Colliers

Lena Centers, representing Longpoint, was the buyer in this transaction. The deal was facilitated by brokers John K Jackson and Mindy Korth from Colliers, who played an integral role in bringing the purchase to fruition.