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A portion of Metrocenter Mall in Phoenix that was once a JCPenney has been sold to a Denver investor.
Southwestern Property Corp. bought the 156,000 square-foot space for $3.17 million, according to a news release from the real estate company. It plans to redevelop the space into a high-end self-storage and boat/RV storage facility or an entertainment center.
The 1.3 million-square-foot mall is transitioning from a mostly retail focus to one that also will include office, medical, hotel, entertainment and residential uses after the Phoenix City Council approved a new zoning plan three years ago.
Read or Share this story: https://www.azcentral.com/story/news/local/phoenix/2019/06/28/metrocenter-jcpenney-may-include-new-entertainment-center-after-3-17-m-deal/1596921001/
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