• Tempe Retail Trades at High Price per SF of $511

    Tempe Retail Trades at High Price per SF of $5110

    Tempe, Ariz. – Situated on the northeast corner of McClintock Drive and Apache Boulevard, the 1,400 square foot, freestanding building closed for $715,000, or $511 per square foot. 1800 East Apache Boulevard sits on approximately 0.39 acres of land and there is redevelopment potential using the existing CSS zoning. Sitting adjacent to a light rail

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  • Del Mar Ventures Group Acquires Retail Center in Phoenix’s Camelback Corridor; Plans to Renovate and Reposition Asset

    Del Mar Ventures Group Acquires Retail Center in Phoenix’s Camelback Corridor; Plans to Renovate and Reposition Asset0

    Phoenix, Ariz. — Newmark Knight Frank (NKF) announces the sale of Campbell Crossing, a 23,725-square-foot infill retail center previously under the same ownership for 25 years. The asset, which sold for $2.5 million or $105.37 per square foot, will undergo a significant remodel and tenant repositioning. NKF Executive Managing Director Jerry Jacobs and Managing Director

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  • CBRE Announces $7.25 Million Sale of 19K SF Gilbert Retail Center

    CBRE Announces $7.25 Million Sale of 19K SF Gilbert Retail Center0

    Phoenix, Ariz. – CBRE completed the sale of a 19,200 square-foot multi-tenant freestanding retail center in Gilbert, Ariz. Scottsdale-based Palm West Home Community, LLC, acquired the Class A property for $7.25 million. CBRE’s Jesse Goldsmith, Steve Julius, and Chase Dorsett represented the seller, Mariah Properties IV, LLC, in the transaction. “CBRE has exclusively represented Mariah

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