VESTIS GROUP NEGOTIATES COMMERCIAL LAND SALE IN PHOENIX BILTMORE DISTRICT | RED NEWS SERVICE

By RED News Service | August 13, 2021

Vestis Group Negotiates Commercial Land Sale in Phoenix Biltmore District | RED News Service

Vestis Group negotiated the sale of 1.2 acres of infill land located at the SWC of 24th Street and Campbell Avenue, in Phoenix, Arizona, for $2,150,000, or $41 per square foot..

Phoenix, Arizona – Vestis Group, a commercial brokerage and investment firm, is pleased to announce the sale of 1.2 acres of infill land located at the SWC of 24th Street and Campbell Avenue, in Phoenix, Arizona, for $2.15 million, or $41 per square foot.

“This was a great project to work on,” says Matt Morrell, President of Retail Investments at Vestis Group and the lead broker for this transaction, “We live, work and play in this trade area. The property is a half mile south of the Camelback Corridor, which made it an extremely attractive investment for the new ownership which plans to redevelop the commercial infill site.”

The Phoenix based Vestis Group commercial brokerage team of Natan Jacobs and Matt Morrell negotiated the retail building sale on behalf of the seller, a private investor from Phoenix, Arizona. The buyer, a private investor from Paradise Valley, Arizona, was represented by Andy Kroot of Kroot & Associates. Vestis Group provides landlord and tenant representation services to select national, regional and local tenants with their expansion plans throughout Arizona.  – more at realestatedaily-news.com