The Levrose Retail Team has completed the sale of the 82,099 square foot Bashas’ anchored shopping center on the northwest corner of 75th Avenue and Thunderbird Road in Peoria. Deerwood Retail Opportunities AZ, LLC purchased the shopping center for $12,500,000. The Levrose Commercial Real Estate Retail Team, lead by Trent McCullough, Greg Vanlerberghe and Mark Cassell brokered the transaction.
The City of Peoria
This city that borders Phoenix was listed in Money Magazine’s “Top 100 places to live.” The City of Peoria has been growing as more people relocate to the Phoenix valley. Peoria offers many amenities including Spring Training games with the San Diego Padres and Seattle Mariners.
As the ninth largest city in Arizona, urban development is continually stressed. Peoria is trying to meet the demands of its growing population with the creation of a new freeway for industrial and mixed development use.
Peoria offers an abundance of activities for residents and visitors. Many hiking options exist along with Lake Pleasant, which is a popular oasis destination for outdoor adventures and relaxation.
The City of Peoria has steadily grown from a farming community into what is now the 9th largest city in the state of Arizona. Peoria is home to Lake Pleasant Regional Park, a large water recreation area housing campgrounds and offering a variety of fishing and boating activities. Another major recreational facility is the Peoria Sports Complex, which serves as the spring training site for both the Seattle Mariners and San Diego Padres. Built in 1994, the complex was the first Major League Baseball facility to be shared by two teams for spring training games and year-round player development. The City of Peoria is also home to the Challenger Space Center, a facility over 20,000 square feet in size, which offers simulated space missions and other educational experiences for school students, families, and interested individuals. Additional attractions that bring an abundance of people and revenue to Peoria include Canyon Raceway, Turf Soaring School, Peoria Historical Society Museum and Polar Ice Rink.