Phx Biz Journal – Hannay Realty buys Camelback East Shops for $12.2m

hann

What: Sale of the Camelback East Shops, a neighborhood shopping center

Where: Southeast corner of 32nd Street and Camelback Road, Phoenix

Size: 25,150 square feet

Price: $12.2 million, or about $500 per square foot

Buyer: Hannay Realty Advisors in Phoenix

Seller: Camelback East Shops Inc. in Phoenix

Deal details: Hannay paid $6.1 million in cash and financed the rest with a loan maturing in 2019, according to public records pulled by Vizzda.

Property details: The shopping center is a staple of Phoenix’s Biltmore area. It was built in 1957, with later additions completed in 1969. It is anchored by Van’s …

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