An entity formed by VIAONE Commercial Real Estate Group has acquired a commercial land parcel in the bustling West Valley municipality of Surprise, Arizona. The 1.2 acres of land in Surprise near Grand Avenue and Mountain View Boulevard was purchased for $977,792.
The development will have two freestanding retail buildings on the property fronting Grand Avenue. The project will include a Dunkin’ Donuts and Federico’s Fresh Mexican Restaurant. The retail tenant mix was designed to complement the existing QuikTrip on the corner of the site.
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The buyer, VO Grand LLC, an entity formed by VIAONE founder, Marc Bonilla, purchased the property from E&V Investments LLC, (Vito Ancona principal). The seller was represented by Bob Beardsley, Managing Partner, of Southwest Commercial Brokerage, LLC,
William Hammack, Executive Director of Development of VIAONE, represented the buyer in the transaction.
“Working alongside the City of Surprise staff on this project has been refreshing. The growth and vibrancy being fostered by the city and its economic development leadership team are the main reasons we have been targeting the City of Surprise. The addition of Dunkin’s new freestanding drive-thru prototype coupled with Federico’s strong market presence will be a complementary addition to the other service driven concepts along the Grand Avenue corridor,” Hammack said.
“The convenience driven profile of these concepts will be a natural addition to the continued development success serving this community. VIAONE is honored to be a part of the incredible momentum in Surprise,” Hammack said.
For more information, please contact Hammack with VIAONE at (480) 272-9104.
