Peak Development Partners and Hungry Investments acquire 5.5-acre development site in Chandler, AZ

 

Kristian Cotta 

PHOENIX, AZ —Peak Development Partners, a high profile commercial real estate development firm, along with Kristian Cotta of Hungry have acquired a 5.5-acre parcel of land located at the corner of Chandler Boulevard and Cooper Road in Chandler, Arizona from NGAI Family Trust.

     The price was not disclosed.

 

              Peak Development Partners and Hungry Investments will break ground in the fourth quarter of 2024 on multiple retail pads on the property.  These pads are scheduled to be open by Q1 2025.  Brian Gast of Velocity Retail Group is handling leasing of the pads.

 

.  Brian Gast 

              “This property has a strong demographics with nearby complementary retail as well as housing, schools and parks,” said Garrett Johnson, Managing Partner, Peak Development Partners. “We are actively looking to acquire land to develop much needed retail and restaurant space in supply constrained markets throughout the United States.”

 

              This corner parcel is ideally located in a dense and affluent area with an average household income exceeding $135,000.    It is also across the street from a Walmart Neighborhood Market Center and just minutes from the Loop 202 full diamond interchange, providing convenient access to neighboring communities.

Garrett Johnson

 Peak Development Partners was represented by Phil Bramsen of SanTan Commercial Advisors.  The seller, NGAI Family Trust, was represented by Mike Sutton of Lee & Associates.

 

Peak Development Partners

Peak Development Partners is a Dallas, Texas-based commercial real estate development firm that specializes single tenant and multi-acre retail properties throughout the United States.

 

Phil Bramsen

 It’s founders Garrett Johnson, Ben Paige and Clint Anderson, have a combined 37 years of experience developing retail properties valued at over $250 million.  

Contact:

 

 David Ebeling

 Ebeling Communications

 (949) 278-7851

david@ebelingcomm.com

 

www.peak-dp.com