Goodyear Central Marketplace Sells for $7.04 Million

Cushman & Wakefield Negotiates Sale of 61,146-square-foot Neighborhood Shopping Center

PHOENIX, Arizona – Cushman & Wakefield completed the sale of Goodyear Central Marketplace, located at 13530-13650 W. Van Buren in Goodyear, Ariz. Vancouver-based Dhir Capital LLC purchased the property from 6601 Convoy Ct, LLC, an entity formed by CIRE Equity of San Diego, Calif., for $7.04 million.

Chris Hollenbeck of Cushman & Wakefield Phoenix represented the seller in the transaction.
“CIRE Equity was a great seller in this transaction and extremely easy to work with. We have been involved in this deal since they purchased the property four years ago, where we helped lease-up the property to add a lot of value and then sell it for them,” says Hollenbeck.

Anchored by 99 Cents Only, Goodyear Central Marketplace is a 61,146-square-foot neighborhood shopping center spanning 7.45 acres. Built in 2006, the center is strategically located at the northwest corner of Van Buren Street and Central Avenue and is currently 91.1 percent leased to a variety of tenants including BPL Plasma, Hertz, a diner, a nail and day spa, and a barber shop.