PHOENIX—Tempe-based Hudson Retail Center, LLC has sold two single-tenant, net leased investment properties in Tempe to Rosebud Tempe One, LLC of Palm Beach. The transaction included a free-standing, single-tenant Target and US Bank at the northeast corner of McClintock Drive and Baseline Road. The properties are located on a 10.02-acre corner parcel and sold for $11.9 million.
Joseph Compagno with CBRE's Phoenix office represented both the buyer and the seller in the transaction.
Comagno tells GlobeSt.com, “This transaction speaks to the incredible demand for stable investments; it's difficult to find this type of investment. It's a rare offering.
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