First Washington Realty Sells Grocery-anchored Tucson Shopping Center for $51M ($528.81psf) to Litwin Management

8/27/2024

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CPE

• Subcategory: Retail: Shopping

• Tag: Sale

• Additional Filters-Subcategory: Retail: Grocery Anchored, Retail: Neighborhood Center

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

First Washington Realty Inc. has sold Casas Adobes Plaza, a 92,330-square-foot shopping center in Tucson, Ariz., for $51 million. An entity associated with Litwin Management acquired the property with the help of a $25.5 million loan from Nationwide, public records show. JLL represented the seller and secured the financing.