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Phoenix & Southwest  + Phoenix  + Retail  | 

Shea Plaza’s Market Position Proves to be Pivotal

Shea Plaza, an 88,985-square-foot retail shopping center, recently sold to Phoenix-based Imagine Shea LLC for $9.85 million. Shea Plaza encompasses 7.75 acres and was 78.8 percent occupied at the time of the sale.

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

“Shea Plaza is an infill grocery-anchored asset positioned in an improving Phoenix submarket,” said Hackett.

The property is located at the northeast corner of 32nd Street and Shea Boulevard in Phoenix.

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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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