Sprouts Farmers Market signs lease at Sterling Org, Cohen & Steers-owned Deer Valley Towne Center in N Phoenix

7/14/2026

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Phoenix Business Journal

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• Subcategory: Retail: Shopping

• Tag: JV-Partnership | Lease

• Additional Filters-Subcategory: Retail: Grocery, Retail: Power Center

Highlights
Sprouts Farmers Market signed a lease for another Phoenix location in a space now occupied by a Michaels retail store in Deer Valley
Sterling Organization acquired the Deer Valley Towne Center for $33.725 million last summer
Sprouts has nearly 150 new stores approved in its expansion plans nationwide