Cushman & Wakefield Negotiates Sale of Chicken Eatery

PHOENIX, Sept. 11, 2017 – Cushman & Wakefield completed the sale of Bush’s Chicken as a single tenant net leased investment, located at 660 West Bell Road in Phoenix.  The all-cash California, 1031 Exchange Investor purchased the property from Phoenix-based Hinkson Company for $3,383,333.

Cushman & Wakefield Senior Director Chris Hollenbeck represented the seller. Sean Thomas of SRS represented the buyer.

Recently completed in June of 2017, the single-tenant property totals 3,238 square feet. The new property is under a 15 year absolute NNN lease to Bush’s Chicken. Located in the prestigious Moon Valley area and 1-mile east of Turf Paradise Racetrack, the property is on the hard corner in front of a shopping center anchored by WinCo Foods, PetSmart and Goodwill.

“This was one of the first Bush’s Chicken restaurants to open in Phoenix. We were happy to be part of the property and help Hinkson Development complete the transaction,” says Chis Hollenbeck.

About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.