Western Retail Advisors Brokers $11.1 Million Sale of Retail Center in Phoenix Suburb

by Hayden Spiess

Peoria, Ariz. —Western Retail Advisors has brokered the $11.1 million sale of 83 Marketplace, a newly built retail center located in Peoria, a suburb northwest of Phoenix. A franchisee of Hawaii-based Seven Brothers Burgers acquired the property. Developed by Scottsdale-based Cavan Cos., the center totals 19,800 square feet across three buildings. The buyer plans to open a Seven Brothers restaurant at the property. Other tenants at the center include Bourbon & Bones, The Stetson Social, F45 Training, Herbal Nail Bar, Salon Blissful and Heartland Dental. Brian Gausden and Jake McClaughry of Western Retail Advisors represented the seller, Cavan Cos., and Scott Johnson of Omni Commercial represented the buyer in the transaction.

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