Macerich Co. has sold the Marketplace, a 268,000-square-foot retail center in Flagstaff, Ariz., for $23.5 million, or $88/sf. The Santa Monica, Calif., REIT sold the property, which is anchored by a Home Depot, to a northern California investor pursuing a tax-deferred exchange. The transaction was arranged by Faris Lee Investments. Home Depot constructed the 121,000-sf […]

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