Canadian group buys 2 Phoenix-area shopping centers


Triumph Bell West Ranch was bought from PWREO Bell & 303 LLC, while Triumph Glendale Crossing was sold by Lawrence and Geyser.   File photo

Canadian Triumph Real Estate Investment Fund has bought two shopping centers in the Phoenix area for a combined $7.01 million.

Triumph Bell West Ranch was bought for $3.985 million. It is a 20,225-square-foot shopping center at 16846 West Bell Road in Surprise. The site is completely leased.

Triumph Glendale Crossing was bought for $3.035 million. It offers 10,595 square feet of retail space at 5929 West Peoria Ave. in Glendale. Tenants include T-Mobile, Western Dental and State Farm Insurance.

“We are very pleased with our recent acquisitions in the Phoenix market,” David Wallach, president and founder of Triumph Real Estate Investment Fund, said. “Our two retail centers, Triumph Bell West Ranch and Triumph Glendale Crossing, align with our fund’s fundamentals in buying neighborhood centers with basic services to the residents in those neighboring communities. Our goal is to increase our presence in the Phoenix market as well as other states throughout the Central and Western U.S.”

Triumph Bell West Ranch was bought from PWREO Bell & 303 LLC. Triumph Glendale Crossing was sold by Lawrence and Geyser.

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