PHOENIX, ARIZ. – On behalf of Weingarten Realty Investors, the capital markets team of Ryan Schubert and Michael Hackett of Cushman & Wakefield successfully closed the sale of Laveen Village Marketplace. A confidential buyer acquired the Fry’s Food & Drug anchored shopping center from Houston-based Weingarten Realty Investors.
Laveen Village Marketplace is a 39,763-square-foot (sf) retail center, located at the northeast corner of 51st Avenue and Baseline Avenue in Laveen, Ariz. Anchored by a Fry’s Food & Drug, the leading grocer in the Phoenix market, the center is currently 100% leased to Chipotle, Wing Stop, Jersey Mikes Subs, Med Post Urgent Care, Starbucks, and includes a McDonald’s and Wells Fargo on outparcels.
Hackett commented, “Laveen Village Marketplace offers a daily needs shopping center with top tier tenants and a premier grocery anchor in Arizona.”
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Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.