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Shopping Center in Phoenix’s Gilbert Suburb Trades for $50 Million

Shopping Centers Have Traded at Double Their Five-Year Average in the Area Over the Past Year
Shopping center developer Vestar has sold the Crossroads Towne Center in Gilbert, Arizona. (Vestar)
Shopping center developer Vestar has sold the Crossroads Towne Center in Gilbert, Arizona. (Vestar)
CoStar News
November 30, 2021 | 5:35 P.M.

The Crossroads Towne Center in Gilbert, Arizona, one of the most popular areas in greater Phoenix for investors to buy retail property in recent years, traded for more than $50 million.

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