Commercial Real Estate Direct Staff Report An investor group led by Rajan Rakheja and Hekmat Alphin has paid $26 million, or $200/sf, for the 130,000-square-foot Mesa Ranch Plaza retail property in Mesa, Ariz. The sales price first was reported by AZ Big Media. The group purchased the property from SimonCRE of Scottsdale, Ariz., in a […]

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