Los Angeles, CA, September 5, 2014 (Newswire.com) – DealPoint Merrill, LLC closed escrow on Westridge Park Plaza, a 60,870 S.F. shopping center located in the northwest business district of Phoenix, Arizona. The established retail shopping center is shadow anchored by two major tenants.
This is the 5th commercial property that DealPoint Merrill has closed in the last few months, with the four additional properties located in Columbus-Ohio, Tucson-Arizona, Columbus-Ohio, Saginaw-Michigan, and St. Charles-Missouri, and a recent closing of a 821,319 SF Medical Center and Offices on the banks of the Miami River in Dayton, Ohio
The company has additional redevelopment projects underway in Sacramento, and plans for additional property closings throughout the U.S. in the last quarter of 2014.
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.