|
|
7/24/18
|
Hannay Realty Advisors purchased Bashford Courts Atrium Mall, a 33k sf retail center in Prescott, AZ, for $4.95 mil ($150/sf). The property is located at 130 W. Gurley St in the city’s Downtown Historic Courthouse Square.
Bashford Courts Atrium Mall is a restaurant and specialty boutique shopping center. The property is located across from the historic Courthouse Square, which hosts numerous year-round events, and houses the famous Prescott Brewing Company. The center is 97% leased, with long-term agreement and most tenants have been with Bashford Courts for more than 10 years.
Chris Hollenbeck of Cushman & Wakefield Phoenix represented the seller, Bashford Courts LLC, in the transaction. Greg Mayer of Cushman & Wakefield Phoenix repped the buyer.
“Adding a property like Bashford Courts to our growing portfolio gives us an opportunity to add value to a well-known building in Prescott. We plan on starting updates to the building immediately and are already starting to talk to new potential tenants for some of the vacancies,” said Michael Meath of Hannay Realty Advisors.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
