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YAM Properties Acquires 117K SF Retail Center, The Cornerstone, in Tempe
    
Phoenix Retail

December 3, 2014

YAM Properties Acquires 117K SF Retail Center, The Cornerstone, in Tempe

Cornerstone Retail, LLC, an affiliate of YAM Properties, purchased The Cornerstone, a 117,351 square-foot retail center located at NEC Rural Rd & University Dr in Tempe.

The property was 90-percent occupied at the time of the sale. Icon Lasik and IHOP are scheduled to open in the coming months.

Founded by Bob Parsons, YAM Properties is a commercial real estate investment group which now owns +/-372,000 square-feet of space in the downtown Tempe area. Properties include The Cornerstone, Centerpoint on Mill, Tempe Town Center, and Hayden Station.

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725 S Rural RdTempe  AZ  Campus,,AZ85281

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