Cashen Realty Advisors Announces Sale of 5509 W. 7th Street

Cashen Realty Advisors announces the sale of 5509 W. 7th Street, Phoenix, Arizona (former site of the Fiesta Village Nursing Home).  The Purchase Price was $1,200,000.  The Buyer in the transaction was LGE Design Build, Principal, David E. Sellers (480-966-4001).  The Seller in the transaction was LCP Equity Partners, Principal, Mark Panattoni (916-802-5577).

LGE has entered into a Joint Venture on the adjacent property located at 5536-5540 N. 7th Street with Owner, Terry Brodkin, Terry B. Brodkin & Associates (480-874-8697).  The Brodkin property is 14,850 s.f.  LGE will redevelop the two properties with a total of 22,498 s.f. for restaurants and retail space.  Grand Opening expected to be November 2014.

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