Cushman & Wakefield Negotiates Sale to San Diego Investor

PHOENIX, Oct. 16, 2017 – Cushman & Wakefield completed the sale of the 107,724-square-foot Home Depot at Hayden Plaza in Phoenix. Realty Income Properties of San Diego, Calif. purchased the property for $11.76 million.

Cushman & Wakefield Executive Managing Directors Ryan Schubert and Michael Hackett represented the seller, a company formed by Kimco Realty Corporation.

Located on the northwest corner of Cave Creek Road and Cactus Road, The Home Depot is a highly visible site sitting on approximately 9.08 acres. The Home Depot is on a ground lease for 20 years, from January 1999 to January 2020.

The Home Depot, Inc. is an American home improvement supplies retailing company that sells tools, construction products and services. As of February 2016, The Home Depot has 2,274 locations and over 385,000 employees.

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.