Prairie Hill acquires Rillito Crossing Marketplace for $27.5m
Transactions - FEBRUARY 22, 2024

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Prairie Hill acquires Rillito Crossing Marketplace for $27.5m

by Denise Moose

Prairie Hill Holdings has acquired Rillito Crossing Marketplace, a 96,424-square-foot Sprouts-anchored shopping center in Tucson, Ariz. for $27.5 million.

Rillito Crossing Marketplace comprises a mix of local and national “daily needs” tenants, such as grocery, fitness, health and wellness and restaurants. This presents Prairie Hill with the opportunity to purchase a dominant grocery-anchored neighborhood center with multiple value-add components, including two undeveloped parcels.

Prairie Hill is actively presenting the development opportunity to national retailers. The shopping center contains an undeveloped parcel adjacent to LA Fitness that is buildable up to 25,000 square feet, as well as a parcel at the entrance suitable for a quick-serve restaurant drive-through.

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