(Photo courtesy of Zanjero Falls)
By AZRE | AZ Big Media
Zanjero Falls, a three-story, grey shell building, originally developed to be medical/office condominiums has sold for $10 million. The vacant property was purchased by a local investor and will be converted into a market competitive multi-family community, further enhancing the Westgate Entertainment District in Glendale, AZ.
Zanjero Falls was built in 2008 in the heart of Glendale’s shopping and entertainment district. The property was originally built to provide high-end medical/office condominium units for lease or purchase to small business owner/users. Unfortunately the property was completed as the Great Recession hit in 2008 / 2009. Since then, the propery has been through a series of different owners, including loan defaults and bankruptcies. As a result, the interior of the property was never built out and sat idle for more than 10 years. Located at 7410 N. Zanjero Blvd., the 7.5-acre campus contains three buildings with an underground parking facility totaling 231,272 square feet. The property also offers healing gardens, water features and a large pond with bridge at the main entrance.
