Cavan Companies Sells Development Site In Peoria, AZ For $11.1M

The $11.1 million sale of 83 Marketplace, a newly constructed Class A retail center developed by Cavan Companies in Peoria, Arizona, has been finalized by Western Retail Advisors, a Phoenix-based brokerage firm. The property is located at 83rd Avenue & Happy Valley Road in Peoria, AZ.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,100,000
• Address: 83rd Avenue & Happy Valley Road
• Market: Peoria, AZ
• Seller: Cavan Companies
• Buyer's Rep: Scott Johnson
• Seller's Rep: Brian Gausden & Jake McClaughry - Western Retail Advisors

Scott Johnson represented the buyer in the transaction, while Brian Gausden and Jake McClaughry, from Western Retail Advisors, represented the seller, Cavan Companies. The $11.1 million deal marks the successful sale of the newly developed retail center in Peoria.