X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For more retail coverage, click GlobeSt.com/RETAIL.

SCOTTSDALE, AZ-A 1031 Exchange buyer from Thousand Oaks, CA, has paid $20 million for the Village at Hayden, a 146,502-sf office and retail complex.

Cameron Court Plaza LLC beat 21 other buyers to lay claim to the 11-building project at the northwest corner of Hayden Road and Via de Ventura. Praedium II Hayden Associates LLC of New York City was the seller.

The Praedium Group owned the property for six years and was at the end of its holding period, says Stan Shafer, a senior vice president of Grubb & Ellis/BRE Commercial LLC. The seller’s Grubb & Elllis/BRE team also included Eric Wichterman, Cliff Johnson and Don Arones.

“It’s a great location with a stable rent roll that offers long-term upside,” Shafer tells GlobeSt.com. Situated on 12 acres, the complex has 98,718 sf of second-story, class B-plus office space and 47,784 sf of first-floor retail space. The project, developed in 1985, is 90% occupied by regional and local credits, according to Shafer.

Cameron Court Plaza LLC, represented by Greg Valladao, Ryan Schubert and Tony Lydon from Grubb & Ellis/BRE Commercial LLC, obtained acquisition financing for the closing.

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.