PREP Property Group pays $63.1M ($131psf) for Promenade at Casa Grande, a Pinal County power center from Lamar

10/28/2026

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Phoenix Business Journal

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• Subcategory: Retail: Shopping

• Tag: Sale

• Additional Filters-Subcategory: Retail: Power Center

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

Highlights
Prep Property Group acquired The Promenade at Casa Grande for $63.1 million
Target reopened its Casa Grande store this year after departing in 2015
Casa Grande attracts major employers including Lucid, Kohler, and several copper mining firms