Westridge Park Plaza shopping center, located in the northwest business district of Phoenix, Arizona
LOS ANGELES, CA – DealPoint Merrill closed escrow on Westridge Park Plaza shopping center, located in the northwest business district of Phoenix, Arizona on September 4, 2014. This is the 5th commercial property that DealPoint Merrill has closed in the last few months. The established 60,870 SF retail shopping center is shadow anchored by two other major tenants.
Dealpoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. The acquisition was completed by Jason Limbert. Mike Gustafson, President of Sperry Van Ness®/DealPoint Merrill Equities, an affiliate of DealPoint Merrill assisted with the investment capital. Mark Mimms of Sperry Van Ness/DealPoint Merrill Properties Corporation, and Dan Gootee of Countrywide were the brokers. Gregg Corlyn of First American Title Company handled the title and escrow for the transaction, and financing by Thorofare Capital, Inc.
About DealPoint Merrill DealPoint Merrill, LLC is an owner and operator of “value added” real estate opportunities and a sponsor of real estate investment offerings. Based in Los Angeles, DealPoint Merrill is a strategic alliance partner with Sperry Van Ness Real Estate for co-investment opportunities and development services. For more information visit our website at: www.dealpointmerrill.com