The sale of Siete Square Shopping Center, a 35,926 square foot shopping center built in 1985 was recently recorded. The location of the property is 4139 W. Bell Road in Phoenix, Arizona. The property sold to Butterfield Trail, LLC, a company formed by The Carioca Companies. The seller was Siete Phoenix Partners, LP. The sales price was $4,380,000, which equates to $122 per square foot. The building was 100% occupied at closing.
Mark Rein of Rein & Grossoehme represented the seller and Jim Edwards of Rein & Grossoehme represented the buyer. Mark Rein specializes in the sale of shopping centers and has sold 105 such properties over the years. Jim Edwards specializes in the leasing and sales of retail commercial real estate.
Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.