Longpoint Partners paid $71 million for Stetson Village, a 144,192-square-foot Safeway-anchored shopping center at 3780-3890 West Happy Valley Road in Phoenix, Ariz.
Ryan Schubert, Michael Hackett and Zach Aulick of CBRE’s National Retail Partners arranged the transaction on behalf of Pederson Group, the seller, and Longpoint, the buyer. Â
Built in 2007, Stetson Village is fully leased to a mix of national and regional tenants across categories, including Capriotti’s, Nekter Juice Bar, UPS Store, First Watch, Great Clips, and many others. Â
The neighborhood center is located on 18.6 acres near the densely populated area of North Phoenix.  Proximity to major demand drivers such as Sandra Day O’Connor High School, the Sentio Apartments and the $65 billion TSMC plant, which is expected to generate thousands of jobs and attract a robust supplier ecosystem, further enhances the center’s positioning.Â
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