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TEXAS/SOUTHWEST NEWS
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AZ Retail Building Trades for $3.75 Mil

9/17/19

An 8.5k sf, multi-tenant retail building in Surprise, AZ sold for $3.75 mil, or $441/sf. The property is located at 15261 N. Reems Rd and is part of the larger Greenway Marketplace center.

The building is leased to Dairy Queen, Mathnasium, Jenny Craig and Bosa Donuts. Built in 2016, the property is an outer parcel at Greenway Marketplace – a Walmart Neighborhood Market shadow-anchored center consisting of 13.9k sf and built in 2008. Located at the southeast corner of Greenway Rd and Reems Rd, Greenway Marketplace is strategically positioned among desirable residential communities, one-mile east of Highway 303 and three miles west of US Route 60.

Chris Hollenbeck of Cushman & Wakefield represented the buyer, Q3 Surprise LandCo LLC. Rommie Mojahed with Sperry Van Ness repped the seller, Hazelwood Properties USA LLC. Shane Carter of Cushman & Wakefield has been retained to lease the final, 1.6k sf space available at Greenway Marketplace.





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