Current print subscribers can create a free account by clicking here
Otherwise, follow the link below to join.
To Our Valued Readers –
Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.
For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.
Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.
Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.
Need to set up your free e-Newspaper all-access account? click here.
Non-subscribers
Click here to see your options for becoming a subscriber.
Register to comment
Click here create a free account for posting comments.
Note that free accounts do not include access to premium content on this site.
I am anchor
Commerce
YAM buys Scottsdale Pima Crossing shopping center for $51.5M
Posted
YAM Properties, an owner-operator based in Scottsdale founded by Bob Parsons, purchased retail shopping center, Pima Crossing for $51.5 million.
Brokered by Cushman & Wakefield, the sale adds one more Scottsdale property to the Yam Properties portfolio.
Pima Crossing is a 238,275-square-foot retail destination shopping center at the northwest corner of Shea Boulevard and Pima Road in Scottsdale.
The center is anchored by one of the nation’s largest golf retailers and is also home to several other well-known national and regional tenants.
The seller was an entity formed by Los Angeles-based Karlin Real Estate, according to a press release. Michael Hackett and Ryan Schubert with Cushman & Wakefield in Phoenix represented the seller in the transaction.
“Pima Crossing is an attractive retail investment in a highly sought-after Scottsdale location,” said Mr. Hackett in a prepared statement. “This acquisition provides another in-fill, north Scottsdale asset to a tremendous retail portfolio owned by YAM Properties.”
Originally developed in 1993, Pima Crossing is located in northern Scottsdale, at the full-diamond interchange of the Loop 101 Freeway and Shea Boulevard, near the HonorHealth Scottsdale Shea Medical Center.
YAM Properties is a part of the YAM Worldwide enterprise founded by Scottsdale resident, Mr. Parsons.
According to the YAM Properties website, the group owns four other Scottsdale commercial retail centers, among others.