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

90 Year Old Landmark Restaurant Sold in Mesa, AZ

05/26/2015

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of the historic Landmark Restaurant in Mesa, AZ.  Rex Griswold and Andrew Jaffe of CPI's Sales & Leasing Team represented the sellers, Don and Candy Ellis in this transaction. 

Aldea Weddings of Peoria, Arizona purchased the ±10,000 SF building at 809 West Main Street.  The extraordinary building was constructed in 1925 and occupies 1.16 acres located just west of Extension Road, on the SW corner of Main Street.

The Landmark Restaurant was well known for their gourmet salad room and prime rib, but was also a Mormon Church up until the 1950's.  It is also the site where Mesa Community College started in 1963. Over the years while the restaurant was in place, the Landmark Restaurant has often been utilized for its wedding and banquet facilities.  The City of Mesa's Historic Preservation Office was involved to insure that the historic architecture would be preserved, and is pleased Aldea Weddings will be using the building as a wedding and banquet hall for generations to come.

Rex Griswold commented,  “This sale allows this unique and historic building to be preserved.  The Landmark restaurant will to be able to serve and say good bye to their loyal customers until the closing for internal remodeling on May 30,2015." 

Avocat Group-Arizona represented the buyer, Aldea Weddings, a wedding and reception center.  The transaction resulted in  nearly $1 million in total consideration.  Rex Griswold and Andrew Jaffe may be contacted for additional information at rgriswold@cpiaz.com, at 480.244.7222 or ajaffe@cpiaz.com or 602.330.8777.

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 150 projects under property management, totaling 5 million square feet.  Please visit our web site at www.cpiaz.com or call 480.966.2301.

Copyright © 2015 J & J Commercial Properties Inc.

05/26/2015 - 22:00

Source

Commercial Properties, Inc./CORFAC International

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