11North Partners acquires Arizona Grocery Portfolio for $109m
Friday, November 6, 2026 · first reported by IREI
11North Partners paid $108.7 million for a seven-property retail portfolio in Phoenix and Tucson, Arizona, with grocery anchors. The portfolio covers 422,949 square feet, is 96 percent occupied and is anchored by Fry's Food & Drug.
A&C Properties Inc. was the seller, with JLL acting for it. The deal is 11North's first in Arizona and brings its necessity-based retail platform to an eighth state. JLL also arranged $66.36 million of acquisition financing for the buyer through an insurance company.
- Firm
- 11North Partners
- Also named
- A&C Properties Inc., JLL
- Deal value
- $109M
- Asset class
- Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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