Portion of Prasada shopping center trades hands

Article originally posted on Phoenix Business Journal on January 6, 2025

A portion of the popular Prasada shopping center in Surprise has traded hands for $32 million.

Real estate investment trust Curbline Properties Corp. (NYSE: CURB) acquired 7 acres in the Prasada North project that’s under development by Scottsdale-based SimonCRE at the Loop 303 and Waddell Road.

Beachwood, Ohio-based Curbline, a spinoff of Site Centers Corp., paid all cash for a portion of Prasada that includes 34,000 square feet of retail.

About a dozen tenants are in those spaces, including Shake Shack, Starbucks, Torchy’s Tacos, Einstein Bros Bagels, Portillo’s Hot Dogs and more.

Find Complete Article Here: https://www.bizjournals.com/phoenix/news/2025/01/06/portion-of-prasada-shopping-center-trades-hands.html