Phoenix Commercial Advisors facilitated the sale of Sunrise Promenade, a new development shadow anchored by ALDI in Peoria. The property, located on 5.77 acres just south of the southeast corner of Lake Pleasant Parkway and Happy Valley Road at 24645 and 24775 N. Lake Pleasant Parkway, Peoria, Ariz., sold for a total of $18,250,000 or $680 per square foot.

The shop buildings, totaling 26,852 square feet, were 100 percent leased to a diverse mix of essential needs, internet-resistant tenants, including Club Pilates, Stretch Lab, Yoga Six, Pacific Dental, Athletico Physical Therapy, Pearle Vision and more. Danny Gardiner and John Schweikert at Phoenix Commercial Advisors represented the seller in the transaction.

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“The center is well-positioned at a dominant regional intersection shadow anchored by one of the largest grocers in the country. We were pleased to be able to get this property under contract before formally taking it to market. It was a pleasure to work with Chris Hake and Thompson Thrift,” said Danny Gardiner.

Formed in 1994, Phoenix Commercial Advisors is a commercial real estate services company. The company specializes in retail commercial brokerage in Phoenix, Tucson, and surrounding Arizona communities, providing leasing services, tenant and landlord representation, investment sales and redevelopment services to local and national retailers and property investors. Offering the expertise of 250 combined years of experience, Phoenix Commercial Advisors is also member of ChainLinks Retail Advisors, the premier national retail platform connecting elite brokerage companies across the top 50 North American markets.