LevRose Commercial Real Estate/TCN Worldwide facilitates
PHOENIX, AZ, Aug. 24, 2021 (GLOBE NEWSWIRE) – Triumph Real Estate Investment Fund I (Triumph), a Canadian investment fund based in Calgary, Alberta, announces the sale of the Metro Phoenix shopping mall “Triumph Glendale” for Northwest $ 6,600,000.00 in August 2021. This 16,706 square foot retail center was originally purchased by Triumph in 2018. The property, which was 100% let at the time of sale, has several standout tenants including First Watch Restaurants, One Stop Nutrition, and Simple Pure Aromatherapy.
“We are very excited about this sale as it reflects an excellent return for our investors,” said David Wallach, President and Founder of Triumph. “The result of the sale shows the success of Triumph’s strategy; Acquisition of high-yield multi-tenant properties and appreciation by increasing rents, letting vacancies and replacing tenants with stronger tenants. We are working to acquire additional properties in the US through the Triumph Real Estate Investment Fund II that match our fundamentals. Our goal within Triumph Real Estate Investment Fund II is to expand our presence in the Phoenix and Denver markets as well as other states in the central and western United States. “
Both the 2018 purchase and 2021 sale of the property were handled by Keri Davies, Jason Reddington and Jon Rosenberg of LevRose Commercial Real Estate / TCN Worldwide in Scottsdale, AZ.
About TCN Worldwide
A comprehensive range of real estate services coupled with a personal commitment to exceed customer expectations make TCN Worldwide a leading company in the commercial real estate industry. With over 1,500 commercial real estate professionals serving more than 200 primary and secondary markets worldwide, TCN Worldwide is one of the largest and most comprehensive service providers in the commercial real estate industry.
TCN Worldwide offers complete integrated commercial real estate solutions in North America, Asia, the Middle East and Australia.
For more information on TCN Worldwide, please contact H. Ross Ford at 972-769-8701 or visit www.TCNWorldwide.com
About Levrose Commercial Real Estate / TCN Worldwide
LevRose Commercial Real Estate is a leader in commercial real estate services in the greater Phoenix area. Levrose has been assisting clients with all aspects of renting, buying, selling and managing commercial real estate since 1992. With some of the top experts in the industry, Levrose takes on a greater level of responsibility for each customer. Commercial real estate management is handled by the sister company MODE Real Estate Management Services. MODE has a unique, professional approach to office, retail and medical property management.
For more information, please visit: www.levrose.com
About Triumph Real Estate Investment Trust
Triumph Real Estate Investment Trust was established to provide investors with the opportunity to invest strategically in multi-tenant industrial, retail and office buildings along with a strong and experienced management team with over 60 years of combined experience.
The Trust will focus on identifying undervalued and under-managed properties in Ontario, Saskatchewan and Alberta in the Canadian market and in Texas, Arizona, Colorado, Nevada, Oregon and Washington in the US market.
Further information is available at: www.triumphref.com