NAI Horizon negotiates $3.33 million investment property sale in Phoenix
PHOENIX, ARIZONA (July 22, 2016): NAI Horizon Associate John Toben represented the buyer in the acquisition of the $3.33 million investment property sale of a newly constructed Kneaders Bakery and Café at 4126 E. Indian School Rd., in Phoenix.
Toben represented Scottsdale-based LEP Properties, LLC, in the transaction.
“The highly-desired Arcadia neighborhood is now home to a healthy option on the go,” Toben said. “Kneaders Bakery and Café offers the first healthy, fast-casual drive-through in the rapidly growing Arcadia retail corridor. It will be a welcomed addition for those who live or work in the Arcadia/Biltmore area.”
Kneaders Bakery and Café's master franchisee, Four Foods Group, continues a rapid expansion with 39 locations across California, Arizona, and Utah, according to Toben. The company plans to operate 57 locations by the end of 2017.
“The new Arcadia site boasts the top location in Four Foods Group’s present Kneaders Bakery and Café portfolio,” Toben said.
FFG Development was represented by CBRE’s Andrew Fosberg and Joseph Compango.
The grand opening of the new location is scheduled for today, July 22.
About NAI Horizon
Established in 1992, NAI Horizon is a full-service commercial real estate brokerage and management firm serving Arizona through its offices in Phoenix and Tucson. In June 2015, NAI Horizon became one of the few broker-owned and operated full-service commercial real estate firms in Arizona.
Exceptional global commercial real estate solutions begin with local market leadership and expertise. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network which provides real estate solutions worldwide.
For more information visit www.naihorizon.com.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific,
with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.
To learn more, visit www.naiglobal.com.
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