Pinnacle Announces Sale of Retail Shopping Center in Litchfield Park, AZ (Phoenix MSA)
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a retail shopping center in Litchfield Park, AZ. The property, situated on the Eastern edge of the Litchfield Park market and located just 20 miles from downtown Phoenix, is an Alberton’s shadowed anchor center with a healthy tenant mix across the board. Although this deal proved challenging by going under contract just before the pandemic hit the team strategized and ultimately facilitated a unique deal to satisfy both the buyer and seller’s concerns about the new market we are in “This deal really highlights how our team is able to adjust to ever changing circumstances in challenging situations to get the deal done for our clients given the tight market we find ourselves in.” stated Peter Sengelmann, senior broker at Pinnacle Real Estate Advisors.
This is a big win for Pinnacle, not only because of the hard work that was put in but more importantly, it shows the expertise these brokers needed to ultimately get the job done. A huge shoutout goes to John Redfield at SRS Real Estate Partners for being an integral asset in getting this deal closed. Eric Diesch, Peter Sengelmann and John Redfield represented the Seller in the transaction.