ACQUISITION – PALM GLEN SHOPPING CENTER

3500 W. Glendale Ave., Phoenix, AZ 85051

Primestor Development, Inc. purchased the Palm Glen Shopping Center, a ±175,686 square foot community center configured for multi-tenant retail use. This value add opportunity is anchored by a Food City grocery store; other national tenants include Wells Fargo, Dollar Tree, Aaron Rents, Little Caesart’s Pizza and Title Max. The center is currently 86.2% occupied. Palm Glen Shopping Center has excellent visibility along both Glendale Ave. and 35th Ave. and offers five means of ingress/egress: two along 35th Ave. and three along Glendale Ave.