"We probably could have sold this 20 times over," Shari A. Tucker, a senior adviser with Sperry Van Ness' Phoenix office tells GlobeSt.com of the North Mountain Retail Center, which sold to the Beverly Hills-based Infinity within weeks of going on the market.
Built in 1986, the 13601 N. 35th Ave. property is anchored by a Fry's grocery store and leased to a variety of key tenants including Kimel Chiropractic, Verizon Wireless, Wells Fargo Financial, Sylvan Learning Center, Cactus Flower Florist and Fisherman's Choice.
Tucker said the plaza, situated in a flourishing North Phoenix submarket, drew the interest of several investors because of a prime infill location just minutes from Interstate 17. "I wish I had more product like this because they sell so quickly," Tucker said of the deal.
The seller, Cole Cos. of Phoenix, was represented by Tucker and Ari Spiro, a senior adviser with Sperry Van Ness. Cole Real Estate Services of Phoenix represented the buyer in the transaction.
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