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| Ventana Village Shopping Center, Tucson, AZ |
PHOENIX, AZ –– Holliday
Fenoglio Fowler, L.P. (HFF) announces the closing of the $21.45 million sale of
Ventana Village, a
110,116-square-foot, grocery-anchored shopping center in Tucson, Arizona.
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| CJ Osbrink |
The HFF team marketed the
property on behalf of the seller, Westwood Financial. Austin-Texas based Epic Real Estate Partners
purchased the asset free and clear of existing debt.
Anchored by Bashas’ Supermarket,
the 90.8-percent-leased Ventana Village is also home to Tuesday Morning, Risky
Business, Wells Fargo, El Charro Café, Subway, The UPS Store and Ventana Animal
Hospital.
The center is situated on
11.88 acres at 6860-6920 East Sunrise Drive on the southwest corner of East
Sunrise Drive and North Kolb road in the northern part of Tucson in the core
resort corridor.
Ventana Village is proximate to affluent
neighborhoods Catalina Foothills and Sabino Canyon, and the average household
income exceeds $110,000 within a one-mile radius of the center.
The HFF retail investment
sales team included managing directors CJ
Osbrink and Gleb Lvovich.
“Ventana Village saw a
broad spectrum of buyers from private high-net-worth and exchange-driven
investors to REITs and institutional advisors,” Osbrink said. “The center’s long-term lease with a
daily-needs anchor, stable rent roll and affluent surrounding demographics
checked several boxes that investors are looking for in retail acquisitions
today.”
For more information on this news release, please
contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza,
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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