The 328-unit Tamarron Apartments on 99th Avenue near Indian School Road in west Phoenix has been sold to a Canadian buyer for $38.25 million.
“The sale of Lower Buckeye Plaza is a perfect example of ORION’s team utilizing an existing relationship to help fulfill an investor’s 1031 exchange.”
New and recovering retailers – and developers willing to take risks on adaptive-reuse projects – have slowly filled some of the Phoenix area’s scores of vacant big-box store buildings.
“The buyer…researched the Phoenix market and he feels confident that Tamarron’s location, condition and amenities are well-suited for a long term hold,” said Joseph Dietz.
Foothills Park Plaza, a 20,173-square-foot retail center, closed for $3,125,000. The center is 78% occupied with a good mix of service and retail tenants.
Newport Beach, California-based Branch Investment Group has bought a once distressed shopping center in Ahwatukee for $3.1 million.
A once maligned, but well-located shopping center in the heart of one of Phoenix Metro’s best master-planned communities, is returning to its former glory.
PHOENIX – A once maligned, but well-located shopping center in the heart of one of Phoenix Metropolitan area’s best masterplanned communities, is returning to its former glory. Foothills Park Plaza is located on the southwest corner of Chandler Boulevard and Desert Foothills Parkway in the affluent area of the Ahwatukee Foothills master-planned community. The 4,140 […]
Joe Dietz of ORION Investment Real Estate represented the buyer. Tyler Anderson, Sean Cunningham, Asher Gunter and Matthew Pesch of CBRE represented the seller.
ORION Investment Real Estate announced the sale of the single tenant, NNN Investment property leased to Denny’s for $1,933,000 ($339/SF) at a 6 percent cap rate.
ORION represented both the Buyer and Seller. Steve Palazzola, principal of Sun Construction, Ltd based out of Washington, was the Seller in this Transaction. Eitan and Ronit Urman, principals of Parkway 2001, LLC and Urman Enterprises based out of Scottsdale, Arizona, were the Buyers.
Arizona Journal of Real Estate & Business announce the 2016 Arizona Journal Industry Awards.
The boom of online shopping over the last decade has forced retail developers and tenants to rethink their strategy. Grocery anchored shopping centers continue to thrive due to the consumer needs for day-to-day items and retail services.
GILBERT – ORION Investment Real Estate is proud to announce the sale of Higley Marketplace for $2,150,000 ($286.67/SF).
Judi Butterworth has joined ORION Investment Real Estate as a senior vice president in the firm’s Scottsdale, AZ office.
ORION Investment Real Estate is proud to announce the sale of the Parkwood Professional Plaza for $3,200,000 ($43.53/SF).
ORION Investment Real Estate is proud to announce that Judi Butterworth joined the firm as Senior Vice President in February. Judi has been leasing and selling shopping centers for more than 35 years.
ORION Investment Real Estate facilitated the sale of The Hayward Apartments, a 16-unit apartment community located near the corner of 19th Avenue and Northern Avenue in Phoenix, for $1,150,000.
Zack Mishkin represented both Buyer and Seller in this off market transaction. The Seller was a local investor of ALFA LLC; The Buyers were principals Mark Sands and Candace Chan Sands.
The new owner plans to implement a capital improvement program before flipping the asset. Nick Miner of ORION Investment Real Estate represented the seller, Parkwood Commercial Properties LLC.