Bershon Realty Company Acquires Mountain Ranch Marketplace From Kitchell Development Co. For $23M

The property asset involved in the transaction is a retail space located at 9890 South Estrella Parkway, Goodyear, AZ. The sale occurred on January 19, 2026, with a total area of 49,683 square feet on a site encompassing 12.4 acres. The purchase price for this asset was $23,000,000, which corresponds to a price per square foot of $463.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $23,000,000
• Address: 9890 South Estrella Parkway
• Market: Goodyear, AZ
• Asset Size: 49,683 sq ft
• Acres: 12.4
• Buyer: Bershon Realty Company
• Seller: Kitchell Development Co.
• Buyer's Representative: Bill Asher, Jeremy McChesney & Lee Csenar - Hanley Investment Group
• Seller's Representative: Ryan Schubert, Michael Hackett & Zach Aulick - CBRE

Hanley Investment Real Estate Advisors facilitated the sale, representing the buyer, Bershon Realty Company. The seller, Kitchell Development Co., was represented by CBRE. The shopping center boasts a 94.6% occupancy rate, featuring tenants such as AutoZone, Starbucks, and Subway.