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Off-market 16th Street corridor shopping center in Midtown Phoenix sells

Posted by   /  July 18, 2017  /  No Comments

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Hinton Place Plaza, 2814 N 16th St., & 1539 E Edgemont Ave., Phoenix, AZ/Real Estate News Daily

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.”

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