RCG Closes on First West Coast Acquisition
RCG Ventures is pleased to announce the purchase of Sawmill Square in Cottonwood, Arizona. The acquisition marks the beginning of RCG’s campaign to acquire $250 Million of value-add shopping centers in its recently closed Fund V. Fund V will acquire assets solely in the Western Region located in secondary and tertiary markets.
The 134,499 SF shopping center, anchored by Safeway and OfficeMax, is located in central Arizona, just west of Sedona. Notable tenants within the immediate area include Walmart Supercenter, Home Depot, Fry’s Grocery, Ace Hardware and JC Penney. The Seller was represented by Pete Beauchamp and Darren Tappen of Kidder Matthews and RCG was represented in-house by Scott Tarbet.
For all shopping center opportunities in the Western Region please contact Scott Tarbet at firstname.lastname@example.org or 310.870.7120.
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