Phoenix, AZ, June 10, 2017 --(PR.com
)-- SRS Real Estate Partners is pleased to announce the purchase of The Shops at Arizona on behalf of their client Abington Emerson Investments, LLC. The shopping center is located at the northeast corner of Anthem Way and Gavilan Peak, in a growing area of Anthem, AZ and sold for $2.625 million.
The Shops at Arizona, built in 2003, is a well-constructed center with the opportunity to add immediate value to the existing 60.4% occupancy. The 35,710 square foot shopping center already has a complementary tenant mix including Ace Hardware, Coldwell Banker, Pizza Hut, Wendy’s, Shanghai Club, and Princess Nails.
Brent Howard of Abington Emerson noted the company’s excitement about growing its portfolio in Arizona and this acquisition. Abington Emerson already owns shopping centers in Mesa and Phoenix, and an industrial property in Gilbert, Arizona.
Sean Thomas with SRS represented Abington Emerson in the transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. The Phoenix office services Arizona and other southwest areas. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit www.srsre.com.
About Abington Emerson Investments, LLC
Abington Emerson Investments, LLC is a Los Angeles-based privately held real estate investment firm that focuses on acquisition and management of value-add real estate across all asset classes.