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Phoenix Retail

Payson Village Sells for $15M

Hirani Oil Arizona sold the 140k SF Payson Village shopping center at 142 E Hwy 260 in Payson to Progression Real Estate Investments for $15M. The grocery-anchored property dates from 1987 and is 87% occupied. The regional grocer Bashas' is the anchor, and other tenants include Dollar Tree, Native Grill and Jiffy Lube, reports CoStar. Faris Lee's Christopher Tramontano and Donald MacLellan repped both the buyer and the seller. [CoStar]

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