• Newmark Knight Frank Represents $10 Million Sale of Shopping Center

    Newmark Knight Frank Represents $10 Million Sale of Shopping Center0

    Phoenix, ARIZ. — Newmark Knight Frank (NKF) has announced the $9.6 million sale of Alma Elliot Square in Chandler, Arizona. The 62,164-square-foot neighborhood shopping center is a unique retail asset with a well-performing shadow, grocery anchor and immediate value-add potential. The grocery anchor was not a part of the sale collateral. NKF’s Capital Markets group represented

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  • Watermark Tempe Inks Three New Retail Tenants

    Watermark Tempe Inks Three New Retail Tenants0

    PHOENIX, ARIZ. – Cushman & Wakefield and Fenix Development, a Los Angeles-based real estate investment and development company, announced today that three additional retail tenants – four concepts – will join Watermark Tempe’s Phase I. The four concepts are DRNK coffee + tea, QWENCH juice bar, Crumbl Cookies, and Sugar Me Wax.    Cushman & Wakefield’s Brent

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  • CBRE Brokers $9 Million Sale of Safeway Shadow-Anchored Shopping Center

    CBRE Brokers $9 Million Sale of Safeway Shadow-Anchored Shopping Center0

    PHOENIX, ARIZ. – CBRE has brokered the sale of the 54,065-square-foot, grocery-anchored Ahwatukee Mercado shopping center in Phoenix’s Ahwatukee Foothills Village district. Los Angeles-based Westwood Financial, LLC acquired the property from TPP 202 Ahwatukee, LLC c/o TriGate Capital, LLC of Dallas for $9 million. Jesse Goldsmith, Steve Julius and Chase Dorsett of CBRE in Phoenix and Philip

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  • CBRE Arranges $21.45 Million Sale of Metro Phoenix Retail Portfolio

    CBRE Arranges $21.45 Million Sale of Metro Phoenix Retail Portfolio0

    PHOENIX, ARIZ. – CBRE announced the $21.45 million sale of a retail portfolio comprising four metro Phoenix retail assets totaling 29,001 square feet and three fully improved developable retail pads in Phoenix’s West Valley. An unnamed private family trust acquired the portfolio from TradeCor LLC. CBRE’s Glenn Smigiel, Bob Young, Steve Brabant, Rick Abraham, Bill Bones and

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  • Remington Nevada Begins Construction on Gilbert Warner, a Premier Shopping Center

    Remington Nevada Begins Construction on Gilbert Warner, a Premier Shopping Center0

    GILBERT, ARIZ. – Remington Nevada, a premier commercial land development company in the Southwest, recently broke ground on their latest retail development project, Gilbert Warner, a shopping center located at the intersection of Gilbert and Warner Roads. The 11-acre, 95,000 square foot shopping center will complement the surrounding community with an urban layout that will connect tenants

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  • Marcus & Millichap Arranges the Sale of Triple-Net-Leased Property

    Marcus & Millichap Arranges the Sale of Triple-Net-Leased Property0

    GILBERT, ARIZ., August 26, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Dairy Queen, a 3,200-square-foot triple-net-leased property located in Gilbert, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $2,650,000. Mark Ruble, Jamie

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