The sale of a 2,976 sq. ft. retail condo in Emerald Design Center built in 2007 was recently recorded. The location of the property is 8425 S. Emerald Drive in Tempe, Arizona. The property sold to Torres Family Trust. The seller was Hanson Capital LLC. The sales price was $585,000, which equates to $197 per square foot. The building was 100% occupied at closing by The TV Outlet.
Mark Rein of Rein & Grossoehme represented the seller and Jake Ertle and Nic Chavira of Rein & Grossoehme represented the buyer. Mark Rein specializes in the sale of shopping centers and has sold 101 such properties over the years.
Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.