Fountain Hills Plaza has recently been acquired by the national private equity commercial real estate firm First National Realty Partners (FNRP).
The 111,284-square-foot shopping center is currently at 90% occupancy and anchored by Bashas’, an affiliate of Raley’s Supermarket, with adjacent retailers including Paul’s Ace Hardware, Sun Devil Auto, AutoZone, H&R Block, Verizon Wireless and Great Clips.
FNRP Chief Investment Officer Mike Hazinski says Fountain Hills Plaza offered a unique investment opportunity, adding that a medical or a fitness center could complement the existing trade makeup of the plaza.
