Baltimore firm debuts in Phoenix market with purchase of Buckeye shopping center

Article originally posted on Phoenix Business Journal on June 18, 2025

A shopping center in Buckeye right off Interstate 10 has sold for $54.3 million to Continental Realty Corp, a Baltimore, Maryland-based company making its debut investment in the Valley.

Sundance Town Center, at 466 South Watson Road, sits on roughly 32 acres, includes over 200,000 square feet of retail space, and opened in 2008. The shopping center includes nearly 50 retailers and restaurants and is anchored by a Walmart Supercenter and Lowe’s. It is over 94% leased.

The seller was Shin Yen Management.

Continental Realty has been building up its portfolio of retail power centers across the country. It recently acquired a 235,000 square foot retail and entertainment center in Miami-Dade County, Florida, and an over 600,000 square-foot shopping center in Salt Lake City, Utah. Through its private equity fund, CRC has acquired 15 retail properties amounting to 3.75 million square feet of space since 2021.

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