Cushman & Wakefield Negotiates Sale of Local Neighborhood Tavern

PHOENIX, June 20, 2017 – Cushman & Wakefield announced that The Vig Fillmore, located at 606 N. 4th Avenue in Phoenix, has been sold for $2.3 million to 4th & Fillmore Place, LLC. The owners sold the property as a long-term sale leaseback and will continue to occupy the space.

Cushman & Wakefield Senior Director Chris Hollenbeck represented the seller. Chris Lind of Marcus & Millichap represented the buyer.

“This was a great opportunity to purchase a well-known restaurant in downtown Phoenix that will be successful for years to come. The Vig has been a staple in Phoenix for over a decade and as downtown grows, the Fillmore location will continue to thrive,” says Hollenbeck.

The Vig, known as an upscale neighborhood tavern, currently operates four locations in Arizona. The 2,957-square-foot Fillmore location is located in the middle of the fastest growing area of downtown Phoenix with a number of office and multifamily products coming online surrounding the site.

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.