{"id":1004641865,"date":"2023-01-31T03:43:40","date_gmt":"2023-01-31T11:43:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004641865"},"modified":"2023-01-31T03:43:42","modified_gmt":"2023-01-31T11:43:42","slug":"whole-foods-anchored-center-trades-in-tucson","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/whole-foods-anchored-center-trades-in-tucson\/","title":{"rendered":"Whole Foods-Anchored Center Trades in Tucson"},"content":{"rendered":"
\"\"<\/a>

River Center. Image courtesy of First Washington Realty<\/em><\/p><\/div>\n

First Washington Realty <\/strong>has sold River Center, a 107,508-square-foot retail center in Tucson, Ariz. A private investor purchased the asset for $31.1 million.<\/p>\n

JLL Capital Markets<\/strong>\u00a0Managing Director Geoff Tranchina, Managing Director Patrick Dempsey and Associate Patrick Anthon brokered the transaction on behalf of the seller.<\/p>\n

The Class A property completed in 1986 is currently anchored by Whole Foods, Walgreens and Petco. Other tenants at the center include Orange Theory Fitness, Tenet Healthcare and Childtime Childcare. The property was 100 percent leased at the time of the sale.<\/p>\n

River Center is located at 5555-5675 East River Road, in the Catalina Foothills submarket. The retail center occupies a 9.9-acre site. Dempsey said in prepared remarks that the shopping center has a good location and a great sales performance.<\/p>\n

JLL Capital Markets also recently represented Kimco Realty Corp. in a $20.5 million transaction<\/a>. Kimco sold Wind Point Shopping Center, a 274,282-square-foot, grocery-anchored retail center in Batavia, Ill.<\/p>\n

Kimco Realty Chief Operations Officer\u00a0David Jamieson told\u00a0Commercial Property Executive<\/em> in prepared remarks that the retail sector needs to continuously reinvent itself<\/a>. Retailers are constantly investing in methods which can guarantee they can meet consumers\u2019 expectations in the digital and physical realms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Other tenants include Walgreens and Petco.<\/p>\n","protected":false},"author":3014,"featured_media":1004641867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21749],"tags":[46502,44006,39642],"class_list":["post-1004641865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-retail","tag-first-washington-realty-inc","tag-jll-capital-markets","tag-patrick-dempsey"],"acf":[],"yoast_head":"\nWhole Foods-Anchored Center Trades in Tucson - CPE<\/title>\n<meta name=\"description\" content=\"First Washington Realty Inc. has sold River Center, a 107,508-square-foot shopping center in Tucson, Ariz.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/whole-foods-anchored-center-trades-in-tucson\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whole Foods-Anchored Center Trades in Tucson\" \/>\n<meta property=\"og:description\" content=\"First Washington Realty Inc. has sold River Center, a 107,508-square-foot shopping center in Tucson, Ariz.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/whole-foods-anchored-center-trades-in-tucson\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T11:43:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-31T11:43:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/River-Center.png\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/whole-foods-anchored-center-trades-in-tucson\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/whole-foods-anchored-center-trades-in-tucson\/\",\"name\":\"Whole Foods-Anchored Center Trades in Tucson - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/whole-foods-anchored-center-trades-in-tucson\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/whole-foods-anchored-center-trades-in-tucson\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/River-Center.png\",\"datePublished\":\"2023-01-31T11:43:40+00:00\",\"dateModified\":\"2023-01-31T11:43:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"First Washington Realty Inc. has sold River Center, a 107,508-square-foot shopping center in Tucson, Ariz.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/whole-foods-anchored-center-trades-in-tucson\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/whole-foods-anchored-center-trades-in-tucson\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/whole-foods-anchored-center-trades-in-tucson\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/River-Center.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/River-Center.png\",\"width\":640,\"height\":480,\"caption\":\"River Center. 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