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Jabbel Holdings Snaps Up Walmart-Anchored Shopping Center in Tempe, Arizona

California Investor Sells The Groves for $18.5 Million
The Groves in Tempe, Arizona, is shadow-anchored by Walmart. (CoStar)
The Groves in Tempe, Arizona, is shadow-anchored by Walmart. (CoStar)
By Thomas Ferguson
CoStar Research
January 8, 2020 | 3:29 P.M.

Jabbel Holdings of Garden Grove, California, has purchased The Groves, a Walmart shadow-anchored shopping center in Tempe, Arizona, from a private investor based in Irvine, California, for $18.5 million, or about $109 per square foot.

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