PHOENIX—In this edition of Deal-Tracker, Coastal Properties Corp. from Alberta, Canada has purchased Hidden Cove, a 150-unit multifamily property located at 2001 W. Union Hills Dr. in Phoenix, from Rosebud LLC of Beverly Hills. Brian Smuckler and Jeff Seaman with CBRE‘s Phoenix office represented the buyer and Bert Kempfert, also with CBRE, represented the seller in negotiating the $7.75 million transaction.

-Popeye’s Louisiana Kitchen was represented by Darren Pitts, Michael Clark, Nick Ault, and Dave Cheatham of Velocity Retail in the acquisition of 2,565 square feet at the southwest corner of Central and Dunlap in Phoenix. The former KFC building was represented by Jason Fessinger of Strategic Retail Group, the landlord was an entity controlled by Lawrence Geyser & Associates.  The site will be repurposed for the new Popeye’s location, set to next this year. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.