FROM THE BLOG

Tempe Public Market opening @ NEC of Rural & Warner

Recent Tempe Closings by: Matt Schrauth

  • Successfully closed the sale of the Circle K at the NEC of Rural and Warner November 18, 2016. Aaron Chamberlin, the chef behind St. Francis, Phoenix Public Market, Postino’s and Chelsea’s Kitchen, and his partners have just closed escrow. He and his partners plan to open Tempe Public Market on the corner along with a Mexican themed restaurant in the adjacent shopping center. Matt Represented the buyer of this closing.
  • On September 1, 2016, Matt closed the sale of 65,000 SF of land located NNEC of Rural and Baseline for $2,400,000 ($36.92 PSF). The buyer was First Choice Emergency Room.
  • On October 20, 2016, Matt completed a 20 year ground lease for the SEC of Baseline and McClintock. The tenant, Quick Quack Car Wash, is doing their due diligence to have their use and plans approved by the city of Tempe. Ground rent starts at $120,000 per year with increases every 5 years.

Please keep me in mind for the leasing and/or sale of your commercial property. Send me your email address and I will keep you informed on other commercial activity in Tempe.

 

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