Macerich Co. has sold La Encantada, a 246,256-square-foot, open-air lifestyle center in Tucson, Ariz.
A group of local investors purchased the asset for $165.25 million.
Completed in 2003, La Encantada is 93 percent leased to some of the most recognized names in apparel, home goods, beauty and jewelry, including Crate & Barrel, Tiffany & Co., West Elm, Anthropologie, Athleta, Lululemon, Pottery Barn, Madewell, Warby Parker, Williams-Sonoma and Bluemercury. Additionally, the retail center is home to popular health, wellness and fitness options Barre 3, Core Health & Fitness, Fuchsia Spa and Laseraway, along with a variety of full service and specialty food and beverage retailers such as AJ’s Fine Foods, RA Sushi Bar and Restaurant, North Italia and Blanco Tacos + Tequila.
Situated near the base of the Santa Catalina Mountains in the Foothills Retail submarket, La Encantada is at 2905 E. Skyline Dr. at the intersection of Skyline Dr. and Campbell and
