Press Release brought to you by Commercial Properties, Inc./CORFAC International

THE 30,300 SQUARE FOOT FORMER BAYLESS SHOPPING CENTER SOLD IN PHOENIX, AZ

01/18/2017

Former Bayless Shopping CenterCommercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of the former Bayless Shopping Center.  The property is located at 3345 N 19th Avenue on the southeast corner of 19th Avenue and Osborn Road in Phoenix, Arizona.

Tom SemancikTom Semancik, of CPI's Investment Specialist Team commented on the transaction, "The ±30,300 square foot center was built in 1950 and owned by the Bayless Investment and Trading Company for many years.  The buyer, CVP-19th & Osborn, LLC, intends to renovate the center."

According to the Arizona Historical Society, the A.J. Bayless Company was once the largest grocer in Arizona.  In fact, right around 1962 they had 45 stores across the Valley.

Tom Semancik represented the seller, The Ireland Family Trust, in this transaction.  CVP-19th & Osborn, LLC purchased the property for the cash price of $1.74 million ($57 psf).

Tom Semancik may be contacted for additional information at tsemancik@cpiaz.com and 480.966.0419.

About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI's listings include over 20 million square feet for sale/lease, and 180 projects under property management, totaling over 6.2 million square feet. Please visit our web site at www.cpiaz.com.

Copyright © 2017 J & J Commercial Properties Inc. 

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Commercial Properties, Inc./CORFAC International

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