Built in 1989/1990 and renovated in 2018, the property sits on 12.67 acres. The center is 87% occupied with major tenants including LA Fitness, Sears Outlet, Synergy Gymnastics and TitleMax Title Loans. The center also has four outparcels that were not a part of the sale that include Applebee’s, Arby’s, a car wash, and Manuel‘s Mexican Restaurant.
Glendale Galleria is situated at the signalized intersection of W. Peoria Ave and N. 59th Ave, directly across from Home Depot. It is also proximate to other tenants including Sprouts, Walmart Supercenter, and Target, among other retailers. It is less than one-mile from Glendale Community College and 2.7 miles from both Banner Thunderbird Medical Center and Arizona State University West Campus, providing a dense consumer base. Within a five-mile radius of the center, there is a population of more than 431,500 residents and 148,000 employees.
Chris Tramontano, John Redfield and Brian Polachek with SRS Real Estate Partners’ Investment Properties Group represented Brixmor in the deal. According to Tramontano, during the marketing process the team had to effectively communicate that Glendale Galleria’s co-anchor tenant, Sears Outlet, was a completely different company than Sears Holding Co and the closed Sears stores.