A portion of the popular Prasada shopping center in Surprise has traded hands for $32 million.
Real estate investment trust Curbline Properties Corp. acquired 7 acres in the Prasada North project that’s under development by Scottsdale-based SimonCRE at the Loop 303 and Waddell Road.
Beachwood, Ohio-based Curbline, a spinoff of Site Centers Corp., paid all cash for a portion of Prasada that includes 34,000 square feet of retail.
About a dozen tenants are in those spaces, including Shake Shack, Starbucks, Torchy’s Tacos, Einstein Bros Bagels, Portillo’s Hot Dogs, and more.
Read more of this story from the Business Journal.
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