Real Estate Daily News
Phoenix, Arizona – Vestis Group, a commercial brokerage and investment firm, is pleased to announce the sale of Hinton Place Plaza, an 8,865-square-foot neighborhood shopping center, located at 2814 N 16th Street and 1539 E Edgemont Avenue, in Phoenix, Arizona for $375,000 ($42 PSF).
“The buyer is really looking forward to revitalizing this unique retail shopping center located in Midtown Phoenix, along the 16th Street Corridor, next to Barrio Cafe and the up-and-coming Coronado neighborhood,” says Matt Morrell, President of Retail Investments at Vestis Group and the lead broker for this transaction, “The redevelopment plan includes a full remodel of the existing neighborhood shopping center, while protecting the urban art murals and keeping the spirit of the original mid-century modern architecture. Vestis Group will facilitate all leasing for the new ownership on the retail investment property.”
