East Mesa shopping center changes hands - Ahwatukee Foothills News: Valley And State

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East Mesa shopping center changes hands

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Posted: Thursday, March 17, 2011 10:15 am

The Bashas’-anchored Ridgeview Plaza in east Mesa has been sold after its former owner lost the center through bankruptcy.

Calgary-based MDC Property Services Ltd. bought the plaza for $14.6 million after Scottsdale-based Bryan/Moore Development LLC defaulted on the loan and filed for bankruptcy. The 130,642 square-foot center includes Big 5 Sports, Starbucks, Leslie’s Pool and Chase Bank.

MDC outbid six other potential buyers and paid cash for the property, which is at 2822-2910 N. Power Road.

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