The sale of a partial interest in Westwood Plaza, a 63,714 square foot shopping center built in 1963 was recently recorded. The location of the property is the NWC University & Alma School in Mesa, Arizona. The property sold to Westwood Aspirations LLC. The seller was Seabreeze-Dawn LLC. The sales price was based on a gross price of $2,675,000, which equates to $42 per square foot. The building was 72% occupied at closing.
Mark Rein of Rein & Grossoehme represented the seller. Mark Rein specializes in the sale of shopping centers.
Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.