CARLSBAD, California – March 8, 2019 – Capstone Advisors has acquired Ahwatukee Foothills Towne Center, a shopping center, shadow anchored by Target and Hobby Lobby in the Ahwatukee submarket of Phoenix, Arizona. The 41,425 square-foot property is located at 4722 East Ray Road, on the busy northwest corner of East Ray Road and South 48th Street, the main retail thoroughfare in Ahwatukee.
The property becomes Capstone’s fourth commercial asset in the Phoenix MSA. “The center is a great complement to our existing portfolio in Phoenix. The property is located in one of the strongest retail corridors in the Phoenix Valley and has an excellent tenant mix that thrives due to the location, layout and excellent anchors – Target and Hobby Lobby. We are very pleased to add this great asset to our portfolio,” said Alex Zikakis, President and CEO of Capstone Advisors…(Read More)