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Triumph Real Estate Investment Fund Buys Two Shopping Centers for $7.01M

Posted By Keri Davies, LevRose Commercial Real Estate, Tuesday, February 14, 2017
SCOTTSDALE, AZ (February 14, 2017) — Triumph Real Estate Investment Fund, a Canadian Investment Fund based out of Calgary, Alberta, has purchased two Metro Phoenix shopping centers, Triumph Bell West Ranch and Triumph Glendale Crossing, for a total of $7,010,000. 
 
Triumph Bell West Ranch, a 20,225 square foot shopping center at 16846 W. Bell Road in Surprise, AZ, was purchased for $3,985,000. The property, which was 93.2% leased at the time of the sale, is now 100% leased. 
 
Triumph Glendale Crossing, a 10,595 square foot retail center at 5929 W. Peoria Avenue, Glendale, AZ, was purchased for $3,025,000. Tenants include T-Mobile, Western Dental and State Farm Insurance. 
 
“We are very pleased with our recent acquisitions in the Phoenix market,” said David Wallach, President and Founder of Triumph Real Estate Investment Fund.
 
“Our two retail Centers, Triumph Bell West Ranch & Triumph Glendale Crossing, align with our fund’s fundamentals in buying neighborhood centers with basic services to the residents in those neighboring communities. Our goal is to increase our presence in the Phoenix market as well as other states throughout the Central and Western U.S.,” Wallach said. 
 
Triumph Real Estate Investment Fund purchased Triumph Bell West Ranch from PWREO Bell & 303, LLC, and Triumph Glendale Crossing from Lawrence and Geyser. Jon Rosenberg and Keri Davies with Levrose Commercial Real Estate/TCN Worldwide negotiated both deals on behalf of the Buyer. 
 
Danielle Davis of Levrose Commercial Real Estate/TCN Worldwide will handle the leasing at both properties, and MODE Commercial Property Management has been selected to manage the properties. 
 
About Triumph Real Estate Investment Trust
Triumph Real Estate Investment Trust was created in order to offer investors the opportunity to strategically invest in multi-tenant industrial, retail and office buildings alongside a strong and experienced management team with over 40 years combined experience.
The Trust will focus on identifying undervalued and undermanaged properties located in Ontario, Saskatchewan and Alberta in the Canadian Market, as well as Texas, Arizona, Colorado and California in the U.S.A. Market.
For further information visit: www.triumphref.com
 
About Levrose Commercial Real Estate/TCN Worldwide
Levrose Commercial Real Estate/TCN Worldwide is a market leader in commercial real estate services in the Greater Phoenix metro area. Since 1992, Levrose has been helping clients with every aspect of leasing, buying, selling and managing Commercial properties. With some of the top professionals in the industry, Levrose Commercial Real Estate/TCN Worldwide takes a higher level of accountability for each client. Commercial Property management is handled through affiliate firm MODE Real Estate Management Services. MODE has a unique, professional approach to the management of office, retail and medical properties.
For further information visit: www.levrose.com
 
About TCN Worldwide
TCN Worldwide, a consortium of leading independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With commercial real estate professionals serving more than 200 primary and secondary markets worldwide and representing over 80 million square feet of space under management, TCN Worldwide is one of the most comprehensive service providers in the industry. An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry.
TCN Worldwide ranks as one of the largest service providers in the industry, consisting of more than 5,500 commercial real estate professionals in 173 offices across 25 countries, and collectively representing more than $58.6 billion in annual transaction volume.
For further information on TCN Worldwide, contact H. Ross Ford at 972-769-8701 or visit www.TCNWorldwide.com

 
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Tags:  Jon Rosenberg  Keri Davies  Levrose Commercial Real Estate  Phoenix market  TCN Worldwide  Triumph Real Estate 

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Hayden Professional Park Sells for $8.25M

Posted By Keri Davies, LevRose Commercial Real Estate, Friday, January 13, 2017
SCOTTSDALE – January 13, 2017 - Levrose Commercial Real Estate/TCN Worldwide recently completed the sale of Hayden Professional Park, a 65,615 square foot office complex at 3200 N. Hayden Road in Scottsdale, AZ for $8,250,000. 

Blue Diamond Properties, LLC purchased the property from 3200 Hayden Plaza, LLC. The property was 100 percent leased at the close of escrow on December 23, 2016. 

Matt Leonard of Levrose Commercial Real Estate/TCN Worldwide facilitated the sale on behalf of the Buyer. 

About Levrose Commercial Real Estate
Levrose Commercial Real Estate is a market leader in commercial real estate services in the Greater Phoenix metro area. Since 1992, Levrose has been helping clients with every aspect of leasing, buying, selling and managing Commercial properties. With some of the top professionals in the industry, Levrose takes a higher level of accountability for each client. Commercial Property management is handled through affiliate firm MODE Real Estate Management Services. MODE has a unique, professional approach to the management of office, retail and medical properties. 

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Tags:  commercial real estate  Hayden Professional Park  Levrose  Matt Leonard  Scottsdale  TCN Worldwide 

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Levrose Sells Commercial Building in Old Town Scottsdale

Posted By Keri Davies, LevRose Commercial Real Estate, Monday, December 12, 2016
SCOTTSDALE – December 12, 2016 – Levrose Commercial Real Estate/TCN Worldwide has completed the sale of a commercial building in Old Town Scottsdale. ChurchPlace, Inc. bought the rare standalone building at 3625 N. Marshall Way in Scottsdale, AZ for $1.8 million. The seller was World Trade Investments, LLC. 

3625 N Marshall Way is a 5,502 square foot, single-tenant building with high end finishes, a BONUS basement, and is located in the heart of Old Town Scottsdale. This premier location offers direct access to an abundance of Class A office, shopping, dining and multi-family projects. The building is a quick walk from the Arizona School of Real Estate and Scottsdale's Museum of the West. It is minutes from the Scottsdale Galleria, the high-tech hub that houses 4,000 employees from Yelp!, Weebly, SAP and McKesson.

Jonathon Rosenberg and Keri Davies of Levrose Commercial Real Estate represented the seller. 

About Levrose Commercial Real Estate

Levrose Commercial Real Estate is a market leader in commercial real estate services in the Greater Phoenix metro area. Since 1992, Levrose has been helping clients with every aspect of leasing, buying, selling and managing Commercial properties. With some of the top professionals in the industry, Levrose takes a higher level of accountability for each client. Commercial Property management is handled through affiliate firm MODE Real Estate Management Services. MODE has a unique, professional approach to the management of office, retail and medical properties. 

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Tags:  ChurchPlace  commercial building  commercial real estate  Jonathon Rosenberg  Keri Davies  Levrose  Old Town Scottsdale  Scottsdale  TCN Worldwide 

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