Target-anchored Queen Creek retail center sells for $69.6M

Vineyard Towne Center, which is located at the northwest corner of Gantzel Road and Combs Road in Queen Creek, has been sold.

BY BRANDON BROWN/PHOENIX BUSINESS JOURNAL

May 10, 2026, 5:01 AM Updated: 12:09 pm

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A recently constructed open-air retail center in Queen Creek anchored by a Target has been sold.

Vestar, the Phoenix-based shopping center developer and operator, sold Vineyard Towne Center, which is located at the northwest corner of Gantzel Road and Combs Road in Queen Creek, for approximately $69.6 million, according to the Pinal County Recorder’s Office.

The buyer was two different private investment funds – FCREF Vineyard Towne I LLC and FCREF Vineyard Towne II LLC – which are connected to Fidelity Core Real Estate Operating Partnership, according county documents.

The deal was for the entire shopping center. Although Vestar does not own the property anymore, the company will continue to operate and manage Vineyard Towne Center.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.