PHOENIX (July 17, 2012) – SRS Real Estate Partners is pleased to announce the sale of Baseline Village (formerly Laveen Village Center), a 99,648-square-foot neighborhood center located at the northwest corner of 35th Avenue and Baseline Road in Phoenix, Ariz. Construction was completed in 2010 with three anchor spaces comprising 15,342, 24,958 and 25,120-square-feet. The center sold with an in-place occupancy of 6.34% and offers the new owner a significant value-add opportunity.
The property was purchased by Verus Partners, LLC, a local Arizona investment company with extensive market knowledge and experience. Alfred Hackbarth, Ed Beeh, and Robbie Petty with SRS Real Estate Partners along with Amr Ceran of Voit Real Estate Services represented the seller, Laveen Village Center Acquisitions, LLC, in the transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
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