May 4, 2024 7:04 pm
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GoDaddy founder, who ‘doesn’t do anything small,’ buys Westgate district in Glendale

Westgate Entertainment District

 

By Jen Fifield | The Republic

The Westgate Entertainment District in Glendale now has the backing of a local billionaire.

YAM Properties, the commercial real-estate company owned by GoDaddy founder Bob Parsons, announced today it has purchased the 76-acre property from iStar Inc. The sale price was $133 million, according to Jesse Goldsmith, vice president at CBRE and one of the property’s brokers.

Parsons, of Scottsdale, said in a released statement that he sees huge potential for the entertainment district along Loop 101 and Glendale Avenue, which borders Gila River Arena, home of the Arizona Coyotes, and is near University of Phoenix Stadium, home of the Arizona Cardinals.

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