Cushman & Wakefield sells Sprouts anchored neighborhood center
PHOENIX, December 18, 2018 – Cushman & Wakefield completed the sale of Oracle Crossings, a Sprouts Farmers Market anchored neighborhood shopping center, and located in Oro Valley, Ariz. Tucson-based Town West Realty purchased the property from Weingarten Realty of Houston, Tex. for $40.8 million.
Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller.
Oracle Crossings is a 251,194-square-foot shopping center located at the southwest corner of Oracle Road and Magee Road. The center, anchored by Sprouts Farmers Market, Kohl’s and Home Goods, is currently 98.2 percent leased to a diverse tenant roster.
“Oracle Crossings shopping center services Oro Valley with daily needs retailers including Sprouts Farmers Market. Town West Realty made an attractive purchase of this asset in this affluent suburb north of Tucson,” said Executive Managing Director Michael Hackett.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.