Phoenix Commercial Advisors facilitated the off-market sale of Pecan Plaza Shops, an entertainment and fitness shadow-anchored multi-tenant retail center. The property, located on the northwest corner of Ellsworth and Riggs roads in Queen Creek, Ariz., sold for $13,350,000, or $656.83 per square foot.

The 20,325-square-foot center, built in 2022, was 100 percent leased at the time of sale to an internet-resistant mix of service-based tenants. Positioned at a prominent hard corner with combined traffic counts exceeding ±65,000 vehicles per day in one of Arizona’s highest-growth submarkets, the property benefits from average household incomes of more than $165,000 within a one-mile radius. John Schweikert and Chad Tiedeman at Phoenix Commercial Advisors represented the seller in the transaction.

Pecan Plaza Shops marks the final piece of the center sold as part of the seller’s breakup strategy, executed in full by Phoenix Commercial Advisors. The firm previously closed the sales of the Take 5, Dutch Bros and Jack in the Box pads. Leasing on the Pecan Plaza Shops building prior to sale was also handled by the Phoenix Commercial Advisors leasing team.

“Queen Creek and the broader East Valley continue to see exceptional retail demand, which gave us the ability to execute a breakup strategy and deliver strong pricing on each piece. Pecan Plaza Shops was the final component, and we’re grateful to have worked with two professional parties to get it across the finish line off-market,” said Chad Tiedeman of Phoenix Commercial Advisors.