(Phoenix, AZ – January 30, 2014) A partnership formed by Hannay Realty Advisors (www.hannayra.com), is pleased to announce that they have closed on the purchase of The Camelback East Shops located at 3201 E. Camelback Road in Phoenix, Arizona. Camelback East Shops is a 25,000 square foot retail shopping center anchored by well-known tenants Tarbell’s, Tomaso’s and Vans Pro Shops.
“We are thrilled with our acquisition of The Camelback East Shops. This iconic asset will provide stable cash flow for our investors with future upside as the Camelback Corridor continues to flourish. We are actively looking for future acquisitions in the US market, with a focus on quality retail centers and core to core plus office properties”, said company president Craig Hannay. Hannay will provide the leasing and management services at the property, adding to Hannay’s growing management portfolio.
ABOUT HANNAY REALTY ADVISORS
Hannay Realty Advisors is a 25-year old privately-owned commercial real estate services and investment firm based in Phoenix, Arizona. The company currently manages approximately 11.5 million square feet of commercial properties with offices in Arizona, California, Colorado and Nevada. Hannay’s management and investment expertise in retail, office and industrial properties makes them one of the industry leaders in the western United States. Hannay Realty Advisors, provides “Institutional Resources and Local Market Knowledge.”
The leasing and property management contact for Camelback East Shops is Craig Hannay, (602) 374-2000. For commercial real estate acquisition opportunities, the contact is Christopher Lacasse in Hannay’s main office in Phoenix, Arizona, (602) 374-2000.