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Walmart Shadow-Anchored Shopping Center Trades for $16.9 Million

Miami Investor Buys Santan Gateway North in Chandler, Arizona
The Walmart shadow-anchored shopping center in Chandler, Arizona, is 77% leased. (Cushman & Wakefield)
The Walmart shadow-anchored shopping center in Chandler, Arizona, is 77% leased. (Cushman & Wakefield)
By Thomas Ferguson
CoStar Research
August 21, 2019 | 1:29 P.M.

An entity formed by Miami Beach, Florida-based LNR Partners sold Santan Gateway North in Chandler, Arizona, to a private investor based in Miami for $16.9 million, or about $137 per square foot.

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