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Seritage SRC Finance, a real estate investment trust that emerged from the Sears bankruptcy, sold the former Sears store at Park Place Mall to Park Place Partners

Seritage SRC Finance, a real estate investment trust that emerged from the Sears bankruptcy, sold the former Sears store at Park Place Mall to Park Place Partners

Wentworth Property Co.’s health-care arm is the new owner. Centum Health Properties has sold a 180,000-square-foot medical office building portfolio encompassing three properties in Greater Phoenix, and another asset in the Denver market.

Wentworth Property Acquisitions, LLC will be starting construction on a new Class A medical office project. The development, named Goodyear Medical, will be a two-story, medical office building totaling 57,000 square feet of space.

AZRE Magazine posed questions to a roundtable of NAIOP Arizona members, including Principal Jim Wentworth, looking for their thoughts on the market, how it will look coming out of the pandemic and where the real estate opportunities are for those ready to take the lead in our economic recovery.

The acquisition by Wentworth Property Co. is one of the first medical office purchases for the company, which recently established a division for medical office assets.

The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), announced the sale of Noah’s Ark Self Storage, a 85,644 square foot storage facility located in Dallas, Texas.

The Arizona Chapter of NAIOP, the Commercial Real Estate Association, elected officers and board members for 2020 at its November board meeting, including Jim Wentworth Jr., as chairman.

The team at AZ Big Media shares people and projects to know in commercial real estate in 2019, painting a clear picture of a market becoming more diversified with adeep pool of development and talented people to push that forward.

On July 1, as the United States broke the record of 120 months of economic growth. Here in Arizona, we are seeing that growth first-hand, most notably in the development of office and industrial properties. AZRE Magazine gathers NAIOP Arizona members to learn more about what’s going on in the market.