August 8, 2017
William K. Perry, headquartered in Scottsdale, AZ, acquired two retail plazas located two miles apart in Phoenix, in two unrelated transactions. Perry’s Saddle Mountain Investments LLC paid $23.5 million to acquire the 32,963-square-foot Camelback Center at 16th Street and Camelback Road from Crow Holdings Capital Partners LLC. And, Perry entity Latigo Investments LLC paid $4.5 million to buy Shops at Camelback, a 5,000-square-foot retail project on Central Avenue, north of Medlock Drive, from Focus Phoenix Central LLC.
Camelback Center is 100% leased to a Chipotle, Jimmy Johns, Desert Schools Federal Credit Union and H&R Block. Meanwhile, Shops at Camelback is also fully leased to two restaurants, Blaze Pizza and MADgreens. Both eateries recently signed new 10-year leases.
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