BH Properties Purchases Class A Arizona Retail Center

LOS ANGELES – February 11, 2014 – (RealEstateRama) — BH Properties, a Los Angeles based firm that specializes in repositioning real estate and resolving difficult transactions quickly and effectively, has added a trophy Class A retail center to its Arizona portfolio as the firm ramps up its Southwest strategy for 2014. Gilbert Town Center, a 159,000-square-foot retail shopping center that was purchased for $13.4 million in late December, is located within the highly affluent Phoenix submarket of Gilbert, Ariz. In 2006, the center was sold to a TIC Buyer for $34.7million


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