Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 454,389 square foot retail power center for $65,800,000 located at 4501-4539 E. Thomas Road in Phoenix, Arizona. Eric Diesch, Peter Sengelmann and Jackson Coon represented the buyer in the transaction. The property is anchored by several prominent national tenants including Target, Conn’s, Fry’s (Kroger), and Petco and is situated just to the Northeast of downtown Phoenix., “This was a unique opportunity for our client to acquire a class A trophy asset following the disposition of four shopping centers. Special thanks to the SRS Newport Beach team, Specifically John Redfield, for being great partners through this transaction,” stated Buyer’s Representative Eric Diesch, Senior Advisor at Pinnacle Real Estate Advisors.

Pinnacle is excited to announce this transaction not only because of the size of the deal but more importantly because of the team’s problem-solving abilities in a very complicated transaction. The team was able to navigate dealing with numerous national tenants, legal teams and negotiations through the deal process as they continue to prove their value to clients.

For more information, please contact Eric Diesch, Peter Sengelmann, Jackson Coon at 720-638-5412, 303-962-9552, 720-370-3148 or ediesch@pinnaclerea.com, psengelmann@pinnaclerea.com or jcoon@pinnaclerea.com