The investment will include two multi-use retail developments, a hotel, and commercial space
Diversified Partners, the leading Scottsdale real estate brokerage and development company, announced today a $100 million investment in a portfolio of commercial real estate projects on the west side of Glendale, Ariz. The projects, which include the En Fuego retail development, the Cambria Hotel, the North 91st Ave. and Cardinals Way retail development and the North 75th Ave. and West Bethany Home Road commercial space, will bring new job opportunities and economic growth to the fast-growing community of Glendale.
The new developments, totaling over 25 acres of commercial property, is quickly filling up with new businesses to serve the area, some of which include a hotel, various restaurants and shopping centers. All four projects are also in close proximity to Westgate, Desert Diamond Casino, State Farm (Cardinals) Stadium, the Entertainment District and the Loop 101. With an estimated population of more than 374,000 in a five-mile radius, sporting an estimated average income of $70,000, there is more than enough cash flow for the new developments to succeed.
"We are thrilled to be investing in this vibrant and growing area of Glendale," said Walt Brown Jr., CEO and founder of Diversified Partners. "Our goal is to create high-quality spaces that meet the needs of both businesses and residents, and we believe these investments will drive long-term value for Glendale."
Diversified Partners has a proven track record of delivering successful real estate developments while also providing comprehensive services in the areas of asset management, landlord or tenant representation, construction management, property management, investment management, consulting and brokerage, and is committed to creating value for its investors and the communities in which it operates. The firm's extensive experience, deep market knowledge and strong relationships with local stakeholders have enabled it to identify and execute these compelling investment opportunities in Glendale.
For more information and to view all projects in progress, visit www.dpcre.com.
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