PHOENIX — 5 purchasing facilities across the Valley have offered, with one in Tempe making method for inexpensive housing and retail.
Michael A. Pollack Actual Property Investments finalized the sale on two facilities in Mesa and one in Phoenix, Peoria and Tempe within the fourth quarter of 2021, with gross sales totaling greater than $32 million, the actual property investor introduced in a press launch Thursday.
A lot of the facilities had been in Pollack’s portfolio because the Nineteen Nineties and offered for $2.4-to-$11.2 million, the discharge stated.
“This has been one of the best yr we’ve seen in business actual property since 2006 and 2007,” Pollack stated within the launch.
“We offered these properties at exactly one of the best time available in the market.”
The town of Tempe closed on the acquisition of Pollack’s Apache Middle on Apache Boulevard and McClintock Drive final Wednesday and beforehand stated it should use the three-acre web site to develop inexpensive housing and add a grocery retailer.
The biggest sale for Pollack was an East Valley location off Broadway and Lindsay roads in Mesa, which topped $11.2 million and closed final Tuesday.
Different purchasing heart closures are positioned close to 67th and Olive avenues in Peoria, Cave Creek and Cactus roads in north Phoenix, and Baseline Highway and Nation Membership Drive in Mesa.
For the Mesa-based firm, it’s additionally been one of many busiest years by way of leasing, because it set information for leases and renewals.
“This yr alone on renewals and new leases I signed 750,000-square-feet of leases,” Pollack stated within the launch.
“We haven’t accomplished something near that since 2006.”
