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WalmartShopAtLaveen

North Dakota investor purchases Walmart Shops at Laveen Village for $7.15M

Cassidy Turley announced that North Dakota-based Eleven Investments, LLC acquired Walmart Shops at Laveen Village, a neighborhood shopping center along with a developable pad located at 3525 W. Southern Avenue, for $7.15 million ($151.81 PSF). The seller was Washington-based Pacific West Land, LLC.

Executive Managing Directors Ryan Schubert and Michael Hackett with Cassidy Turley’s Retail Capital Markets Group represented the seller.

“Eleven Investments made an opportunistic purchase of this quality asset, which they anticipate adding substantial value to thru lease-up and potential development of the outparcel,” Mr. Hackett said.

Built in 2007, Walmart Shops at Laveen Village is a ±47,098 -square-foot shopping center situated on ±9.64 acres and configured for multi-tenant retail use. The project is anchored by a Walmart Supercenter (NAP) and other national tenants including Church’s Chicken, Sally Beauty Supply and Cricket Wireless. The property has excellent visibility along both Southern Avenue and 35th Avenue in Laveen, an urban village within the City of Phoenix. The Walmart Shops at Laveen Village was 77% occupied at the time of sale.

Hamilton Distillers leased 8KSF at 2106 N. Forbes, Suite 103 in Tucson.

Cushman & Wakefield | PICOR Releases Recent Transaction List

Cushman & Wakefield | PICOR has released the following recent transaction list:

Cricket Wireless leased 810 square feet at 3921 E. 29th Street, Suite 308 in Tucson from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR represented the landlord and Dave Dutson with CBRE represented the tenant in this transaction.

Balanced Spirit Pilates Studio, LLC leased 1,200 square feet in the Mission Plaza Shopping Center at 4619 E. Speedway (NWC Speedway/Swan) in Tucson from Brazo, LLC.  Aaron LaPrise and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord and Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR represented the tenant in this transaction.

Pink Cloud Alterations leased 1,200 square feet in Winterhaven Square on the southeast corner of Fort Lowell & Country Club in Tucson from Glover Associates.  Greg Furrier, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord.

Cricket Wireless leased 1,200 square feet in Winterhaven Square on the southeast corner of Fort Lowell & Country Club in Tucson from Glover Associates.  Greg Furrier, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Dave Dutson with CBRE represented the tenant in this transaction.

Janitorial Maintenance and Supply leased 1,500 square feet at 3790 E. 44th Street, #222 in Tucson, Arizona from Rich Rodgers Investments, Inc.  Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Rogelio Godinez leased 1,725 square feet at 2341 S. Friebus Avenue, Suite 19 in Tucson from Oak Properties.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Aaron Ochoa with HomeSmart represented the tenant in this transaction.

The Specialists Audio leased 3,000 square feet at 5602 E. Broadway in Tucson from Broadway-Craycroft, LLC.  Greg Furrier, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Hamilton Distillers leased 8,000 square feet at 2106 N. Forbes, Suite 103 in Tucson from MRI Saddlehorn Investments II, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Kristy Kelley with Long Realty Company represented the tenant in this transaction.