PHOENIX—Helix, a Phoenix-based commercial realestate brokerage, management, investment services and developmentcompany, recently acquired two new commercial properties: PebbleCreek Plaza Retail Pads in Goodyear and Zanjero Falls inGlendale.

|

Located at Pebble Creek Parkway and Virginia Avenue in Goodyear,Pebble Creek Plaza Retail Pads includes a 39,204-square-footdevelopment pad that is now ready for development orbuild-to-suite, as well as a 29,612-square-foot land lease, whichis leased by Kentucky Fried Chicken through 2029. The property waspurchased for $1.05 million from Eagle SPE MultiI, Inc. The broker for the seller wasJustin Cirell of R.O.I.Properties, and the broker for the buyer was MattLyons of The Hogan Group, LLC.

|

Ryan Spiekerman, founding principal of Helix,tells GlobeSt.com that Helix was able spin off thelease to make the second pad developable.

|

In Glendale, Helix Capital also acquired the 10-acre plot ofvacant commercial land named Zanjero Falls. Located at91st and Glendale Avenues, the property isadjacent to the 130,000-square-foot office complex and just southof the proposed West Valley Resort & Casino and neighbors aClass A office development consisting of 147,405 square feet. Theproperty was purchased for $1.23 million from HealthcareSolutions. The brokerage firm for the seller wasCobe Real Estate, and the brokerage firm for thebuyer was The Hogan Group.

|

“We've been watching this property for quite a long time,” saysSpiekerman. “It's a great medical office building site. We areconsidering all options, but as it stands, we intend to use formedical purposes.”

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.