PHOENIX, ARIZONA (November 28, 2018) – NAI Horizon Associate Matt Harper, CCIM, represented the buyer in the $4.7 million acquisition of a freestanding, four-tenant retail pad in Glendale, Arizona.
Harper represented AXG COM 1, LLC, of Peoria, Arizona, in its purchase of the 11,878-square-foot property at 8280 W. Union Hills in Glendale.
“This is a great asset for my client to add to their growing portfolio,” Harper said. “Its location is in one of the fastest growing submarkets of the West Valley. Glendale is experiencing a surge in workforce and new residents and this asset will benefit from the growth.”
The building, constructed in 2004, sits on 1.98 acres at Union Hills Square, a much sought-after, multi-tenant retail strip center located off the Loop 101 and Union Hills Road. More than 41,000 cars daily frequent the entrance to the shopping center.
Union Hills Square is anchored by Arrowhead Grill, a popular and award-winning restaurant in the West Valley. Other tenants include Picazzo’s Organic Italian Kitchen, Allstate Insurance, and Bujor Granite. Within close proximity is a 196,000 SF power center with national tenants including Walmart, LA Fitness, and Sam’s Club.
The seller, CC Fund 1 Union Hills North, LLC of Northbrook, Illinois, was represented by Andrew Harrison of Orion Investment Real Estate.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 400 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
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