Phoenix Commercial Advisors – $23.1M Sale of Greenway Park Plaza

Recent closing by Chad Tiedeman, Steven Underwood and John Schweikert of Phoenix Commercial Advisors:

greenway

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.

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