PHOENIX, ARIZONA (November 28, 2018) – NAI Horizon Associate Matt Harper, CCIM, represented the buyer in the $4.7 million acquisition of a freestanding, four-tenant retail pad in Glendale, Arizona.
Harper represented AXG COM 1, LLC, of Peoria, Arizona, in its purchase of the 11,878-square-foot property at 8280 W. Union Hills in Glendale.
“This is a great asset for my client to add to their growing portfolio,” Harper said. “Its location is in one of the fastest growing submarkets of the West Valley. Glendale is experiencing a surge in workforce and new residents and this asset will benefit from the growth.”
The building, constructed in 2004, sits on 1.98 acres at Union Hills Square, a much sought-after, multi-tenant retail strip center located off the Loop 101 and Union Hills Road. More than 41,000 cars daily frequent the entrance to the shopping center.
Union Hills Square is anchored by Arrowhead Grill, a popular and award-winning restaurant in the West Valley. Other tenants include Picazzo’s Organic Italian Kitchen, Allstate Insurance, and Bujor Granite. Within close proximity is a 196,000 SF power center with national tenants including Walmart, LA Fitness, and Sam’s Club.
The seller, CC Fund 1 Union Hills North, LLC of Northbrook, Illinois, was represented by Andrew Harrison of Orion Investment Real Estate.