Cassidy Turley, a leading commercial real estate services provider in the U.S., has announced that Hayden Crossing Shopping Center, a 63,446-square-foot neighborhood retail center at 8015-8035 E. Indian School Road sold for $14 million ($221.38 per square foot).
Executive Managing Directors Ryan Schubert and Michael Hackett with Cassidy Turley’s Retail Capital Markets Group represented the seller Hayden Crossing Shopping Center, LLC. The buyer was a Phoenix investor, 919 Hillsdale, LLC.
“Hayden Crossing is located in a prime infill Scottsdale submarket with a very high barrier of entry by future competition,” Mr. Schubert said. “The center includes two quality, net lease tenants, Bashas’ and Walgreens.”
Hayden Crossing is located on six acres at the southeast corner of Hayden and Indian School Roads. The center was built in 2004 specifically for Bashas’ and Walgreens. The neighborhood shopping center services all of Downtown Scottsdale, the city’s second largest employment center and a hub for technology and healthcare companies like Yelp and McKesson.