PHOENIX—CBRE has completed the sale of the Verrado Main Street located in the master planned community of Verrado in Buckeye. The investment sale consisted of the 66,085-square-foot, mixed-use office and retail commercial core and an additional 6.88 acres of land. The assets commanded a sale price of more than $13 million.
Barry Gabel and Chris Marchildon with CBRE's Phoenix office represented the seller, Scottsdale-based DMB. The buyer was HCCJ Family GP, LLC, also of Scottsdale.
Dana Summers, Bruce Francis, Robert Ybarra and Shaun Moothart with CBRE's Capital Markets Debt & Structured Finance team arranged a $7.3 million acquisition loan on behalf of the buyer.
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