A family trust has acquired a four-tenant retail triple-net retail pad in Glendale, Arizona, for $7.6 million or $901 per square foot from ECC Bell Road Property.

The pad is shadow anchored by the 1.2 million-square-foot Arrowhead Towne Center Mall. It is 100% leased to national tenants, including The Habit Burger Grill, Tempur-Pedic, Pearle Vision and Blaze Pizza.

Hanley Investment Group Real Estate Advisors EVP Bill Asher and VP Jeff Lefko represented the seller in the deal. Pat Kent, Rich Walter and Parker Walter of SRS Real Estate Partners represented the buyer.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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