A portion of the popular Prasada shopping center in Surprise has traded hands for $32 million.
Real estate investment trust Curbline Properties Corp. acquired 7 acres in the Prasada North project that’s under development by Scottsdale-based SimonCRE at the Loop 303 and Waddell Road.
Beachwood, Ohio-based Curbline, a spinoff of Site Centers Corp., paid all cash for a portion of Prasada that includes 34,000 square feet of retail.
About a dozen tenants are in those spaces, including Shake Shack, Starbucks, Torchy’s Tacos, Einstein Bros Bagels, Portillo’s Hot Dogs, and more.
Read more of this story from the Business Journal.
Portion of Prasada shopping center trades hands NY Times News Today.
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