**Longpoint Partners Acquires Stetson Village Shopping Center for $71 Million**
Longpoint Partners has acquired Stetson Village, a 144,192-square-foot shopping center located at 3780-3890 West Happy Valley Road in Phoenix, Arizona, for $71 million. The retail center is anchored by Safeway and was fully leased at the time of sale.
The transaction was brokered by Ryan Schubert, Michael Hackett, and Zach Aulick of CBRE’s National Retail Partners, who represented both the seller, Pederson Group, and the buyer, Longpoint Partners.
Originally built in 2007, Stetson Village features a diverse tenant mix that includes national and regional retailers such as Capriotti’s, Nekter Juice Bar, UPS Store, First Watch, and Great Clips, among others.
Strategically located on 18.6 acres in North Phoenix, the shopping center benefits from its proximity to key demand drivers, including Sandra Day O’Connor High School, the Sentio Apartments, and the $65 billion Taiwan Semiconductor Manufacturing Company (TSMC) plant. This nearby development is anticipated to generate thousands of jobs and support a growing supplier ecosystem, further strengthening the long-term value of the retail center.
