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6/21/17
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The Vig Fillmore, a 3k sf restaurant property in Phoenix, has traded hands for $2.3 mil, or $767/sf. The seller will continue to occupy the property, located at 606 N. 4th Ave, as part of a sale/leaseback deal.
The Vig, known as an upscale neighborhood tavern, currently operates four locations in Arizona. The Fillmore location is located in the middle of the fastest growing area of downtown Phoenix with a number of office and multifamily products coming online surrounding the site.
Cushman & Wakefield Senior Director Chris Hollenbeck represented the seller. Chris Lind of Marcus and Millichap represented the buyer, 4th & Fillmore Place LLC.
“This was a great opportunity to purchase a well-known restaurant in downtown Phoenix that will be successful for years to come. The Vig has been a staple in Phoenix for over a decade and as downtown grows, the Fillmore location will continue to thrive,” says Hollenbeck.
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