Cushman & Wakefield Negotiates Sale of 3.17 Acre Site

PHOENIX, July 17, 2017 – Cushman & Wakefield announced that Bright Land Holdings, LCC purchased the Central Avenue and Indian School Road development site, located at 4040, 4050 and 4060 N. Central Avenue in Phoenix, for $6.1 million from 4040 N. Central, LLC (Glasir Capital Partners).

Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis represented the seller and Cushman & Wakefield Managing Director Mark Bramlett represented the buyer.

“This site has excellent development potential for developers to pursue high-density multifamily development. With the limited availability of hard-corner, infill T.O.D. sites having great access to major job and transportation corridors, this site is perfectly positioned in the market,” said Nicoluzakis.

The 3.17-acre Central Corridor, transportation oriented development site is located south of the southwest corner of Central Avenue and Indian School Road. Located along the primary arterial that links the Central Corridor’s neighborhoods, including Downtown, Central Arts District, Midtown and Uptown.

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.