A recently constructed open-air retail center in Queen Creek anchored by a Target has been sold.
Vestar, the Phoenix-based shopping center developer and operator, sold Vineyard Towne Center, which is located at the northwest corner of Gantzel Road and Combs Road in Queen Creek, for approximately $69.6 million, according to the Pinal County Recorder’s Office.
The buyer was two different private investment funds – FCREF Vineyard Towne I LLC and FCREF Vineyard Towne II LLC – which are connected to Fidelity Core Real Estate Operating Partnership, according county documents…