Phoenix — Sparty Holdings has acquired the 10,017-sq.-ft. Coldwater Plaza in Avondale, Arizona, for $2.085 million.
Evergreen represented Sparty Holdings in the transaction. CBRE (www.cbre.com) represented the seller, a partnership between North Dysart SG and Coldwater Dysart Partners.
The 10,017-sq.-ft. shopping center is 100% leased. Tenants include Pacific Seafood Buffet, Cricket Wireless, Hire Source Staffing, and Checkmate Loans.
Constructed in 2003, the building has excellent visibility from the road and is located at the main entrance of a Sam’s Club-anchored shopping center. The property also benefits from a strong retail corridor with neighboring tenants such as Home Depot, Walgreens, McDonald’s, Ashley Furniture, QuickTrip and numerous restaurants.