The Anthem Eastside Shops at 3668-3720 W. Anthem Wy. has been sold to a Montana-based investor.
“The outstanding master-planning of Anthem creates an incredibly healthy ratio of retail to population, with very low market vacancy”, says Mindy Korth, executive vice president with Colliers International in Greater Phoenix. “This foresight created a platform for existing retail in the area to experience outstanding success and for Anthem retail real estate to be a reliable investment for years to come.”
Southgate Mall Associates of Missoula, MT purchased the property from Irvine Asset Group, LLC from Newport Beach, CA. Korth, Kirk Kuller and John Jackson of Colliers International in Greater Phoenix negotiated the 1031 exchange sale, which was handled as an off-market transaction.
Anthem Eastside Shops is a multi-tenant, lifestyle retail center. Built in 2004, the property contains approximately 31,193 square feet of space. The largest tenant in the property is Dollar Tree and the center was 100 percent leased at the time of the sale.
