Surprise, Ariz., June 24, 2026 – Phoenix Commercial Advisors facilitated the sale of Grand Village Center, a necessity-based multi-tenant retail center. The property, located on the southeast corner of Reems Road and U.S. Route 60 in Surprise, Ariz., sold for $10,700,000, or $203 per square foot.

Mesa, Ariz., June 24, 2026 – Phoenix Commercial Advisors facilitated the sale of Valvoline, a brand-new absolute NNN corporate ground lease. The property, located on the southeast corner of Power and Elliot Roads in Mesa, Ariz., sold for $2,600,000, or $743 per square foot.

Plans are in the works for Pederson Group’s newest commercial development: a 114,000-square-foot upscale shopping center at the northeast corner of Canyon Springs Boulevard and Sun Valley Parkway. Festival Ranch Marketplace will feature Safeway as the anchor tenant, along with other retail and services catered to an underserved market.