JLL•JLL arranged the $108.7 million sale of a seven-property Arizona retail portfolio from A&C Properties to 11North Partners. The 422,949-square-foot portfolio is 96% occupied, and the buyer secured $66.36 million in acquisition financing.
JLL arranged the sale of the Arizona Grocery Portfolio by A&C Properties to 11North Partners for $108.7 million. The buyer secured $66.36 million in acquisition financing through an insurance company. The seven grocery-anchored properties span 422,949 square feet across Phoenix and Tucson and are 96% occupied, with Fry's Food & Drug as anchor tenant. The acquisition is 11North Partners' first investment in Arizona and expands its necessity-based retail platform into an eighth state.
