CBRE announces the completion of two sales:
>> Neil Kleinman of Tucson has purchased a 7,520 SF single-tenant retail building at 21145 N. John Wayne Parkway in Maricopa.
The building is occupied by Pet Club, a regional pet food store. Joseph Compagno of CBRE’s Phoenix office represented the buyer and the seller, Barclay Group in Phoenix, and structured the $1.45M transaction. The tenant will remain in the building on a long-term lease.
>> Backrows Holdings # 2 LLC of Los Angeles purchased Victoria Palms Apartments, a 27-unit multi-family property at 1206 E. Lemon St. in Tempe.
Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the buyer and the seller, The Eugenijus Valiulis Revocable Trust of Ojai, Calif., in negotiating the $1.3M transaction.
If you would like commentary from a CBRE sales professional, please feel free to contact Katherine Haug at 602-735-1782.