Florida-based Concord Wilshire Capital and TLG Investment Partners have acquired the former Metrocenter Mall in Phoenix in partnership with Carl DeSantis' CDS International Holdings Inc. to pave the way forThe new owners said they paid $48 million for the 64.2-acre site in January to three sellers.
“Late cycle investing requires that we are very focused on selecting only the best partners with projects in the best locations as we thoughtfully deploy CDS capital,” said Bill Milmoe, president of CDS, in a statement."We especially like the public-private partnership to make this project a success. For CDS, Metrocenter checks all of the boxes to make the project our first major investment in the Phoenix metro area.