CBRE negotiated the $71 million sale of Stetson Village, a 144,192-square-foot grocery-anchored shopping center at 3780-3890 West Happy Valley Road in Phoenix, Ariz. Longpoint Partners acquired the property.

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Ryan Schubert , Michael Hackett and Zach Aulick of CBRE’s National Retail Partners arranged the transaction on behalf of the seller, Pederson Group, and the buyer, Lena Centers, a subsidiary of Longpoint.

“Stetson Village is a rare, core retail opportunity, anchored by a top-performing Safeway and located just minutes from the transformative TSMC semiconductor facility,” said Schubert, executive vice president at CBRE.

Built in 2007, Stetson Village is fully leased to a mix of national and regional diverse tenants

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