Recent closing by Chad Tiedeman, Steven Underwood and John Schweikert of Phoenix Commercial Advisors:
Some story highlights:
- B centers are starting to sell – no longer just trophy properties
- International money starting to be invested in Arizona (Newly formed international REIT was the buyer of Greenway Park Plaza)
| Property Name: | Greenway Park Plaza |
| COE: | October 29, 2015 |
| Purchase Price: | $23,100,000 |
| Price Per SF: | $112 |
| Building: | ± 205,848 (7 total retail buildings) |
| Majors: | Food City, Ross, Goodwill |
| Year Built: | 1988-1993 |
| Property Location: | NEC 32nd St & Greenway Rd | Phoenix, AZ |
| Buyer: | AP Capital REIT (USA) Limited Partnership |
| Seller: | Arizona Greenway Hirani Investments LLC |
| Notes: | 79% occupied at time of sale, grocery anchored center, sold for 99% of asking price |
| Listing Brokers: | Chad Tiedeman, Steven Underwood and John Schweikert at Phoenix Commercial Advisors represented the Seller in this transaction. |
