Lamar Companies and Real Capital Solutions Complete $63.1 Million Sale of Promenade at Casa Grande
Lamar Companies, in partnership with Real Capital Solutions (RCS), has finalized the sale of Promenade at Casa Grande, a 480,000-square-foot regional shopping center in Pinal County, Arizona. The transaction, which closed on October 8, 2026, was valued at $63.1 million. The asset is strategically located near Interstate 10 between Phoenix and Tucson. The sale marks the conclusion of an eight-year repositioning project led by Lamar Companies. During their ownership, the firm successfully increased net operating income and occupancy rates by securing a diverse roster of national tenants, including Target, HomeGoods, and Marshalls. This disposition aligns with Lamar's strategy to recycle capital from stabilized assets into new value-add opportunities across the retail and office sectors.
