The Sundance Town Center in Buckeye has recently changed hands, with Continental Realty Corp, hailing from Baltimore, Maryland, acquiring the 200,000 square-foot retail hub for $54.3 million. Located at 466 South Watson Road, this shopping center rests just off the very traversed Interstate 10 and welcomes visitors with an array of retailers and eateries. According to ABC15, the property is currently home to nearly 50 businesses, prominently featuring a Walmart Supercenter and Lowe’s among its primary attractions.
Anchoring an impressive 94% occupancy rate, Sundance Town Center has become a burgeoning nexus of commercial activity since its inception in 2008. It is expected that the East Coast investor's entrance into the Phoenix market may signal a new chapter for the center, which spans over 32 verdant acres. A statement from Phoenix Business Journal notes that Continental Realty Corp is strategically expanding its footprint by acquiring retail power centers throughout the country, a movement that now includes the Valley.
The acquisition of Sundance Town Center was facilitated by the seller, Shin Yen Management, a detail confirmed by both reports. This move into the Arizona market aligns with Continental Realty's portfolio growth strategy, as the firm has been tactically investing in high-traffic retail locations that promise sustained growth and customer engagement, as per ABC15.
