Phoenix & Southwest + Phoenix + Retail | February 25, 2021

Phoenix Retail Sale Demonstrates Daily Needs Demand

Moon Valley Towne Center, a 106,571-square-foot retail shopping center located at the southeast corner of 7th Street and Bell Rd. in Phoenix, recently sold for an undisclosed price. The buyer was an entity formed by BP National City LLC based in Moore, OK.

The seller was Miami-based Starwood Property Trust. Michael Hackett and Ryan Schubert with Cushman & Wakefield in Phoenix represented the seller in the transaction.

“Moon Valley Towne Center is a quality neighborhood-anchored center located at a dense retail intersection in North Phoenix,” said Hackett.

Anchored by Hobby Lobby, the retail center is home to more than 92 percent national tenants. Moon Valley Towne Center encompasses 11.37 acres and was 98.7 percent occupied at the time of the sale.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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