This time, TradeCor has collected approximately 8.7 acres justnorth of the northeast corner of Bullard Avenue and McDowell Roadand six acres at the southeast corner. The smaller tract is part ofa 46-acre plot owned by the Tempe-based seller. TradeCor's expandedfootprint puts it in charge of three of four corners in an emergingretail market.
"All of the corners are pads for banks, restaurants and similarretail," says Thomas Woods, EVP in Phoenix for ColliersInternational, who negotiated the deal. He and Colliers' associateBrian Woods are courting ground-lease deals or buyers for the padsites. TradeCor is still master-planning the site so Woods saysit's uncertain how many pads can be developed or what the askingprices might be.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
