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Phoenix & Southwest  + Phoenix  + Retail  |  December 1, 2025
Paradise Valley Marketplace
Mike Boyd
By: Mike Boyd

Paradise Valley Shopping Center Trades Hands

Tierra Partners picked up Paradise Valley Marketplace for $45 million. The plaza is home to Trader Joe’s, OHSO Brewery and other retail, beauty, fitness and food spots. Ryan Schubert and Michael Hackett of CBRE represented the seller, Kite Realty Group Trust (NYSE: KRG).

The Phoenix Business Journal reports Whole Foods closed its store at the shopping complex in October 2024 and will be replaced with a Shamrock Foodservice Warehouse. This restaurant supply store offers bulk and wholesale products to the public without requiring a membership. It is expected to open in the fall of 2026.

Paradise Valley Marketplace is now fully leased.

The new owner also owns Town & Country off 20th Street and Camelback Road,

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Inside The Story

Kite Realty Trust

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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