PHOENIX—Helix, a Phoenix-based commercial real estate brokerage, management, investment services and development company, recently acquired two new commercial properties: Pebble Creek Plaza Retail Pads in Goodyear and Zanjero Falls in Glendale.
Located at Pebble Creek Parkway and Virginia Avenue in Goodyear, Pebble Creek Plaza Retail Pads includes a 39,204-square-foot development pad that is now ready for development or build-to-suite, as well as a 29,612-square-foot land lease, which is leased by Kentucky Fried Chicken through 2029. The property was purchased for $1.05 million from Eagle SPE Multi I, Inc. The broker for the seller was Justin Cirell of R.O.I. Properties, and the broker for the buyer was Matt Lyons of The Hogan Group, LLC.
Ryan Spiekerman, founding principal of Helix, tells GlobeSt.com that Helix was able spin off the lease to make the second pad developable.
In Glendale, Helix Capital also acquired the 10-acre plot of vacant commercial land named Zanjero Falls. Located at 91st and Glendale Avenues, the property is adjacent to the 130,000-square-foot office complex and just south of the proposed West Valley Resort & Casino and neighbors a Class A office development consisting of 147,405 square feet. The property was purchased for $1.23 million from Healthcare Solutions. The brokerage firm for the seller was Cobe Real Estate, and the brokerage firm for the buyer was The Hogan Group.
“We've been watching this property for quite a long time,” says Spiekerman. “It's a great medical office building site. We are considering all options, but as it stands, we intend to use for medical purposes.”
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