Southern California investor acquires 100% leased Mesa property
Staff Reports | Digital Free Press
Cushman & Wakefield brokered the sale of a portion of Greenfield Gateway, a prominent 349,143-square-foot retail shopping center found at the southwest corner of Greenfield Road and U.S. Highway 60 in Mesa.
Situated on about 10.14 acres, the sale consisted of 67,709 square feet of 100% leased buildings including an EoS Fitness-anchored building and two multi-tenant strip-retail buildings, according to a press release.
The asset was sold to Greenfield Gateway, LLC, a southern California-based investor, for $18.9 million, the release states.
The seller was Greenfield Gateway, LLC, an entity formed by the Hinkson Company. Greenfield Gateway is also co-anchored by Walmart and Sportsman’s Warehouse, both which were not a part of the sale, the release states.
Michael Hackett, Ryan Schubert and Chris Hollenbeck with Cushman & Wakefield in Phoenix represented the seller in the transaction.
“This was an attractive investment opportunity of a fully leased shopping center asset with strong tenancy and a tremendous assumable loan in place,” said Executive Managing Director Michael Hackett. “The asset further benefits from its synergistic position alongside some of the world’s largest retailers at the center.”
