Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $26.45 million sale of The Village at Hayden, a 156,751-square-foot mixed-use development in Scottsdale, Arizona.
HFF marketed the property on behalf of the seller, Village at Hayden, LLC, a partnership comprising AEW Capital Management, L.P. and The Muller Company, and procured the buyer, Arizona Partners. The property was sold free and clear of financing.
The Village at Hayden is located at 8260 N Hayden Road just one half mile from Arizona State Route Loop 101, which sees an average of 180,000 cars per day. The 11.83-acre site is part of the prestigious McCormick Ranch community north of Scottsdale. This trade area has an average household income exceeding $106,000 and more than 141,000 residents within a five-mile radius. At 97 percent leased, The Village at Hayden has a mix of regional and national retail and office tenants, including Capital Consultants Management, Company Nurse, Phoenix Photonix, Zipps Sports Grill, Twisted Grove, Melting Pot and Grassroots Kitchen.
The HFF investment sales team representing the seller was led by CJ Osbrink and Derreck Barker.