Chandler Marketplace - Chandler, AZ ($36,000,000)
Located at the Northwest corner of Gilbert and Chandler Heights Road, Chandler Heights Marketplace is a newly constructed, 75,597 square foot grocery-anchored retail shopping center. Positioned in one of the fastest growing trade areas of metropolitan Phoenix, the property is anchored by Bashas' with supporting tenants including Starbucks, Ace Hardware, Great Clips, Coldstone Creamery and Pizza Hut. Passco Chandler Heights, LLC of Irvine, CA bought the retail center from Kitchell Development Company of Phoenix, AZ for $36,070,750."The demand for high quality, grocery anchored shopping centers remains high in the Greater Phoenix market, especially from our motivated exchange buyers from Southern California. Kitchell built an "A" quality shopping center that was a perfect fit for our client's trade requirements." - Reza Etedali, CEO and Founder of REZA Investment Group Inc.
UNION SQUARE - SAN FRANCISCO, CA ($14,000,000)
Located on the heavily trafficked Stockton Street in San Francisco's Union Square, an undisclosed buyer recently purchased the property at 39 Stockton Street for $14 million from Nord Capital Real Estate of Hamburg, Germany. The single tenant asset is currently leased to The United Colors of Benetton, spans three levels, and totals approximately 12,281 square feet.
"This unique "jewel box" asset benefits from outstanding foot traffic generated from the close proximity to the new 1.5 million square foot Emporium featuring the largest Bloomingdales in the West. Also adding to the foot traffic are Crate & Barrel, a BART station, and a high volume, three-level Apple Store. The icing on the cake will be the fact that a new flagship Barney's store will open this fall immediately across the street from this building. This will enable the owner to not only benefit from the existing strong pedestrian traffic, but strategically position the building in the future as the street becomes even more popular due to the arrival of Barneys."
- Carlos J. Lopez, Senior Vice President and Director of REZA Investment Group Inc.'s Urban Division
KAUA'I - HI ($33,000,000)
The Safeway anchored Kaua'i Village is located on the island of Kaua'i, one of the eight major islands in the state of Hawaii. Situated on approximately 8.13 acres of prime coastal property across from some of the most popular beaches on the island, this grocery-anchored center is one of the few traditional shopping centers on Kaua'i. Pacific Coastal Partners, LLC of Los Angeles, CA bought the 113,501 square foot center from Passco Real Estate or Irvine, CA for $33,000,000. Other major tenants include Longs Drugs, Starbucks, Subway, Coldstone Creamery, Super Cuts and Jamba Juice.
"Kaua'i Village represents a shopping center that drew serious interest from private and institutional investors. We had over 25 offers from both local and mainland buyers who bid aggressively for the opportunity to add this pride of ownership property into their portfolio."
- Reza Etedali, CEO and Founder of REZA Investment Group Inc. A
MESSAGE FROM THE FOUNDER
"As a company, we are focused on providing our clients the best the industry has to offer. REZA Investment Group Inc. sets the standard for the industry and inspires others to be their best by raising the bar on client service and transaction management. We are focused on selling high profile assets creating exceptional opportunities for our clients."
Reza Etedali, CEO and Founder REZA Investment Group Inc.
ABOUT REZA INVESTMENT GROUP INC.
REZA Investment Group, Inc. is the premier retail investment advisory firm with a multibillion dollar transaction track record. We focus all of our resources exclusively on shopping centers and retail investment properties. Our transaction history ranges from high profile malls to neighborhood shopping centers. Both our business model and transactions have been nationally recognized.