The Village at Las Sendas

Cushman & Wakefield Represents Buyer of Multi-tenant Retail Center

PHOENIX, June 7, 2016 – Cushman & Wakefield announced today the sale of The Village at Las Sendas, a multi-tenant retail center located on the northeast corner of McDowell Road and Power Road in Mesa, Ariz. for $8.25 million.

Cushman & Wakefield Executive Managing Directors Ryan Schubert and Michael Hackett represented the buyer, an entity formed by Pacific West Land (PWL).

“The Village at Las Sendas provides PWL with a stable, cash flowing asset with immediate upside potential in lease up,” according to Executive Managing Director Michael Hackett.

Built in 2004, The Village at Las Sendas contains 39,144 square feet of retail space. Adjacent to the prestigious Las Sendas Master Planned Community, the property offers a mix of tenants including Chipotle Mexican Grill, SmashBurger, Jimmy Johns to name a few, as well as a host of other local and regional tenants. The property was 80% leased at the time of sale.

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 43,000 employees in more than 60 countries help 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 $5 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. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.