Glendale Neighborhood Retail Center Sells for $5M

Levrose Commercial Real Estate/TCN Worldwide has completed the sale of Olive Park Retail Center at 5802-5838 W. Olive Avenue in Glendale, AZ. PV Olive Park, LLC purchased the 73,741 square foot Glendale neighborhood retail center from YEK #11, LLC for $5,000,000. Trenton McCullough, Mark Cassell and Danielle Davis of Levrose Commercial Real Estate facilitated the sale.

The City of Glendale

The City of Glendale is the perfect location for sports fans. Its University of Phoenix Stadium hosts the Arizona Cardinals. The stadium is the location for the Fiesta Bowl and will host the Super Bowl in 2015. Glendale is also home to Arizona’s hockey team, the Phoenix Coyotes who play at Jobing.com Arena. For baseball fans, Glendale hosts spring training for the Los Angeles Dodgers and Chicago White Sox.

Glendale is also home to one of four Arizona State University campuses—West campus. This location sees many commuter students who travel throughout the valley for classes. The city is the fifth largest city in Arizona with a 2010 population of 226,721, growing 3.6 percent from July 2000 to April 2010.

With all the attractions, Glendale is an excellent location for office and retail space. Businesses can take advantage of a large population along with many tourists that will provide sale opportunities.

Learn more about the Glendale market or Contact Us for more information about Glendale office space or Glendale retail space.