PREP Property Group Buys The Promenade at Casa Grande (470,000 SF) in Phoenix

SaleRetailPinal County & Other

Reported Oct 28, 2026 · Source: Connect CRE

Source: Connect CRERead the full report at Connect CRE ↗

Deal details

Buyer
PREP Property Group
Seller
Lamar Companies
Price
$63.1M
Size
470,000 SF
Price per SF
$134 per SF (our calculation)
Asset class
Retail
Transaction
Sale
Sub-market
Pinal County & Other
Metro
Phoenix
Reported date
Oct 28, 2026

Summary

PREP Property Group paid $63.1 million for the Promenade at Casa Grande, a 470,000-square-foot power center in Casa Grande, Arizona, about an hour east of Phoenix. Lamar Companies was the seller. Source: Connect CRE.

Summarized from the article; the quoted lines below are from the article itself.

Source: Connect CRE

Read the full report at Connect CRE. What the article says:

  • Deal / Price / Size / Buyer / Seller
    PREP Property Group paid $63.1 million for the Promenade at Casa Grande, a 470,000-square-foot power center in Casa Grande, Arizona, about an hour east of Phoenix. Lamar Companies was the seller. Lamar purchased the mall in 2018. PREP focuses on the redevelopment of properties like the one it just purchased. The complex, built in 2007,...
  • Deal
    Casa Grande Power Center Trades for $63.1M

Article date: 2026-10-28T18:01:23+00:00

Frequently asked questions

Who bought The Promenade at Casa Grande?
PREP Property Group bought The Promenade at Casa Grande in Pinal County & Other, Phoenix, according to Connect CRE.
How much did The Promenade at Casa Grande sell for?
The reported price is $63.1M ($134 per SF, our calculation), per Connect CRE.
Who sold The Promenade at Casa Grande?
The seller was Lamar Companies, per Connect CRE.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.