By Digital Free Press
Diversified Partners, a Scottsdale real estate brokerage and development company, is announcing a $100 million investment in a portfolio of commercial real estate projects in Glendale.
The projects, which include the En Fuego retail development, the Cambria Hotel, the North 91st Ave. and Cardinals Way retail development and the North 75th Ave. and West Bethany Home Road commercial space, will bring new job opportunities and economic growth to the fast-growing community of Glendale, representatives of the brand say.
The new developments, totaling over 25 acres of commercial property, is filling up with new businesses to serve the area, some of which include a hotel, various restaurants and shopping centers.
All four projects are also in close proximity to Westgate, Desert Diamond Casino, State Farm (Cardinals) Stadium, the Entertainment District and the Loop 101.
With an estimated population of more than 374,000 in a 5-mile radius —- sporting an estimated average income of $70,000 —- Diversified Partners officials say the investment is ripe to bear fruit.
“We are thrilled to be investing in this vibrant and growing area of Glendale,” said Walt Brown Jr., CEO and founder of Diversified Partners, in a prepared statement. “Our goal is to create high-quality spaces that meet the needs of both businesses and residents, and we believe these investments will drive long-term value for Glendale.”
The projects, which include the En Fuego retail development, the Cambria Hotel, the North 91st Ave. and Cardinals Way retail development and the North 75th Ave. and West Bethany Home Road commercial space. (File Photos/DigitalFreePress.com)
Diversified Partners eyes retail, hotel & commercial projects
Diversified Partners has a proven track record of delivering successful real estate developments while also providing comprehensive services in the areas of asset management, landlord or tenant representation, construction management, property management, investment management, consulting and brokerage, and is committed to creating value for its investors and the communities in which it operates.
The firm’s extensive experience, deep market knowledge and strong relationships with local stakeholders have enabled it to identify and execute these compelling investment opportunities in Glendale.