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Longpoint Realty Partners acquired El Monte Shopping Plaza, a 101,269-square-foot retail center in Phoenix. Primestor Development sold the asset for $17 million, according to Commercial Edge information. The property was 99 percent leased at the time of closing. 

El Monte Shopping Plaza opened in 1962 on an 8.8-acre site. It is anchored by El Rancho Market IGA, a Mexican and Hispanic specialty grocery store. The property has 15 tenants, including Baskin-Robbins, Shoe Palace, ArchWell Health and USA Cash Services.