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Triumph Real Estate Investment Fund Buys 2 Arizona Plazas
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Calgary-based Triumph Real Estate Investment Fund has acquired two Phoenix-area shopping centers, Triumph Bell West Ranch and Triumph Glendale Crossing, for a total of $7B. Triumph Bell West Ranch, a 20k SF mall in Surprise, Ariz., was 93.2% leased at the time of sale and is now 100% leased. Triumph Glendale Crossing, a 10,595 SF center in Glendale (above), has T-Mobile, Western Dental and State Farm Insurance as tenants. Triumph president David Wallach said his firm’s goal is to increase its presence in the Phoenix market and other states throughout the Central and Western U.S.
