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MDC Realty Advisors Completes Successful Sale of Retail Assets in the U.S.
MDC Realty Advisors (MDC) is pleased to announce the successfull completion of $43.7M in dispositions of three high-end retail centers, located in Arizona, on behalf of several private investors.
“We were able to capitalize on strong market dynamics for retail assets of this nature to achieve our investor portfolio goals,” said Allan Okabe, Principal of MDC.
“With the uncertainty in the debt markets, MDC was able to execute on its disposition strategy to achieve optimal pricing that exceeded our pre-covid valuations. This is a testament to both the quality of the assets and our strong relationships in the US market.”
The dispositions include:
Corner on 7th, a 16,202 square foot, high foot-traffic urban retail center near downtown Phoenix, sold in June 2022
Marketplace at Lincoln & Scottsdale, a 22,072 square foot high-end retail center in Scottsdale serving some of the strongest demographic areas in metro Phoenix, sold in June 2022.
Paloma Village Center in Tucson, a 38,347 square foot high-profile shopping center located within a 12.9-acre mixed-use development in one of the most affluent areas of the city, sold in May 2022.
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