Capstone Advisors is continuing to expand its Phoenix retail portfolio. The firm has exited out of a shopping center in San Diego and purchased its fifth retail property in Phoenix. Capstone purchased 18,037 square feet of shop space at the 250,000-square-foot Tuscano Town Center in Phoenix. The property is 100% leased to 12 tenants, and is an ideal fit for Capstone’s Phoenix business plan.
“We are focused on two primary product types in Phoenix, retail and multi-tenant flex-industrial. This is our fifth current project in that market,” Ira Schwartz, COO of Capstone Advisors, tells GlobeSt.com…(Read More).