SALT LAKE CITY—Jan. 10, 2013—Cushman & Wakefield |Commerce (www.comre.com), brokered the sale of the Brickyard Shopping Center, a 305,000 SF retail property located in the heart of the East side of the Salt Lake Valley near the corner of 3300 South and 1300 East. The Yacoel Partners of Newport, Calif. purchased the property from The Boyer Company and its partner the Thackeray Company.
Kip Paul, Executive Director of Investment Sales for Cushman & Wakefield | Commerce brokered the transaction. “The Brickyard Shopping Center is located in an extremely attractive retail location,” he said. “This is evidenced by the fact that it is 98 percent occupied, and includes tenants such as Kohl’s, TJ Max, Office Max, Ross Dress for Less, Shoe Carnival, AutoZone and others.”
Built in 1980, the Brickyard Shopping Center has had a rich history of success. Today, 77 percent of the shopping center’s current tenants are credit and national tenants providing a solid, stable rent roll. The Thackeray Company and The Boyer Company had previously owned the property for 15 years.
Kip Paul represented both the buyer and the seller in this sale.
About Cushman & Wakefield |Commerce
Cushman & Wakefield |Commerce, an independently owned and operated member of the Cushman & Wakefield Alliance, has been the leading provider of real estate brokerage services for more than 30 years. Headquartered in Salt Lake City, the firm has offices throughout Utah, Nevada, Idaho and Washington. It offers consulting, brokerage, tenant and landlord representation, property and facilities management, and valuation services to corporations, institutions and investors throughout the Intermountain West and Pacific Northwest. For more information, and for property listings, broker information, market category reports and more visit www.comre.com.
About Cushman & Wakefield
Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917 it has 243 offices in 60 countries and more than 14,000 employees. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $4 billion in assets under management through its wholly‐owned subsidiary Cushman & Wakefield Investors. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.