PHOENIX - Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that Los Angeles-based FS Tatum Plaza, LLC (Westwood Financial) acquired Tatum Plaza, a 29,460-square-foot neighborhood retail center for $8,000,000 ($270 PSF). The seller was Cave Creek and Tatum, LLC (Park West Partners). Executive Managing Directors Ryan Schubert and Michael Hackett with Cassidy Turley’s Retail Capital Markets Group negotiated the sale transaction.
Located at 29455 N. Cave Creek Road, on the southeast corner of Cave Creek Road and Tatum Boulevard, the retail center was built by Park West Partners in 2007. The Fry’s anchored center (space not included in sale), includes American Family Insurance, Baskin Robbins, Hi Health and Great Clips. The center was 90 percent occupied at the time of sale.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.