CBRE Completes $2.75 Million Sale of the Kohl’s Shops at Glassford Hill Marketplace in Arizona

by Scott Reid

Prescott Valley, Ariz. — The Shops at Glassford Hill Marketplace consists of five tenants on triple net-leases in a 100 percent occupied building. 

CBRE has completed the $2.75 million sale of a net-leased shopping center in Prescott Valley. The 8,639-square-foot Shops at Glassford Hill Marketplace is shadow-anchored by a Kohl’s department store. Joseph Compagno of CBRE’s Phoenix​ office represented the seller, Prescott Valley Signature Entertainment LLC, in the transaction. The buyer, Oceanside, California-based Zynda Family Trust, was represented by Rob Walter of Century 21 Arizona West.

The Shops at Glassford Hill Marketplace sits on 1.02 acres. The building was under construction as the property went to the market for sale and was finished just prior to the close of escrow. Brand new leases have been signed with Pacific Dental Services, Sally Beauty Supply, Verizon Wireless, Presto Title Loans and Nationwide Vision.

You may also like