Cushman & Wakefield Negotiates Sale of 62,146 SF Neighborhood Shopping Center
PHOENIX, July 26, 2018 – Cushman & Wakefield completed the sale of Goodyear Central Marketplace, located at 13530-13650 W. Van Buren in Goodyear, Ariz. Vancouver-based Dhir Capital LLC purchased the property from 6601 Convoy Ct, LLC, an entity formed by CIRE Equity of San Diego, Calif., for $7.04 million.
Chris Hollenbeck of Cushman & Wakefield Phoenix represented the seller in the transaction.
“CIRE Equity was a great seller in this transaction and extremely easy to work with. We have been involved in this deal since they purchased the property four years ago, where we helped lease-up the property to add a lot of value and then sell it for them,” says Hollenbeck.
Anchored by 99 Cents Only, Goodyear Central Marketplace is a 61,146-square-foot neighborhood shopping center spanning 7.45 acres. Built in 2006, the center is strategically located at the northwest corner of Van Buren Street and Central Avenue and is currently 91.1 percent leased to a variety of tenants including BPL Plasma, Hertz, a diner, a nail and day spa, and a barber shop.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.