City of Phoenix retail on this page is a center or a single-tenant building with a Phoenix address: grocery-anchored, a neighborhood strip, a multi-tenant shopping center, or a net-lease building. Capital Market Funds originates life company, bank, CMBS, or bridge from Scottsdale. Fannie Mae and Freddie Mac are not how a shopping center is financed.
The published retail origination is The Block at Pima Center in Scottsdale: Class A+ multi-tenant, 37,958 NRSF, $14,500,000, 2022, acquisition on a ground lease, prior firm. A ground lease is not fee-simple land, and the purpose line is not a refinance. The address is not Phoenix. That dollar is not a Phoenix retail quote.
Grocery-anchored centers, strips, and shopping centers
A grocery-anchored Phoenix center is underwritten to the grocer's remaining term and to the shop space beside it. A strip of local tenants rolls differently. A larger shopping center is a different sales story. Those subtypes stay on this URL. None of them has a City of Phoenix tombstone.
Inline and shadow-anchored space is the same desk with a weaker anchor. We will say whether the rent roll is a life-company file, a bank file, CMBS because proceeds will not reach, or bridge because the leasing plan is still ahead of the income.
Single-tenant net lease and a Phoenix retail refinance
A single-tenant net-lease building in Phoenix is one credit tenant, not a multi-tenant center. Term, bumps, and the tenant's credit decide whether a life company or a bank will read it. We do not publish a retailer name or an insurance-company brand as if this firm were that company.
Replacing a note on Phoenix retail the sponsor already owns is a refinance, and no such refinance is on the transactions list. Buying a center follows the contract. Statewide retail context is Arizona retail. The published card stays on Scottsdale retail.
Christown, Metrocenter, and the Melrose strip
Christown is the retail center at 19th Avenue and Bethany Home Road, with shops and a mixed-use plan around an older mall. The former Metrocenter, farther north at Peoria Avenue and I-17, is in redevelopment. Until a building there has leases, do not describe the site as a stabilized retail loan. Melrose, along 7th Avenue, is a short retail strip of small shops and cafes. It is commercial only for those storefronts, not for the houses behind them.
Village names that point at shop corridors
Alhambra is the west-central planning village that contains the Christown and I-17 retail. North Mountain is the village around the Metrocenter area and Sunnyslope. Sunnyslope itself is mostly houses, with a limited amount of small retail, so it is named here only as that neighborhood next to the shops. South Phoenix retail is the centers south of the Salt River, a different trade area from Christown. Bell Road is the long east-west retail street of auto dealers, clinics, and pads that continues into Surprise. It is a corridor of many parcels, not one borrower.
Capital for Phoenix retail
| Source | When it fits |
|---|---|
| Arizona retail | Statewide grocery, strip, NNN, and shopping-center debt. |
| Life company | Stabilized Phoenix retail a life company will hold. No Phoenix retail card is labeled life company. |
| Bank and credit union | A Phoenix center or net-lease building that should stay on a portfolio. |
| CMBS | When life company or bank proceeds will not reach the Phoenix retail request. |