TCN Worldwide ranks as one of the largest service providers in the commercial real estate industry. With Metro Phoenix continuing to be a strong market for out of state investors, Levrose has been fortunate to work with many institutional and private buyers and sellers,” said Jon Rosenberg, managing partner of Levrose. “Triumph has been very active in the valley for the past several years. Jon Rosenberg, Keri Davies and Jason Reddington with LevRose Commercial Real Estate/TCN Worldwide negotiated the sale on behalf of the Triumph Fund. Our goal is to increase our presence in the Phoenix market as well as other states throughout the Central and Western U.S.,” Wallach said. “We are working to acquire more properties in the Greater Phoenix Area that fit the Triumph Real Estate Investment Fund fundamentals. “We are very pleased with this disposition as it reflects great returns for our Investors,” said David Wallach, President and Founder of Triumph Real Estate Investment Fund. The property, which was 93.2% leased at the time of the sale, included several outstanding tenants, including Pizza Hut, Orange Theory, Musical Surprise and Mule Creek Saloon. Bell Road in Surprise, AZ, was purchased in 2016 for $3,985,000.
Triumph Bell West Ranch, a 20,225 square foot shopping center at 16846 W. 29, 2020 (GLOBE NEWSWIRE) - Triumph Real Estate Investment Fund, a Canadian Investment Fund based out of Calgary, Alberta, has Sold a Metro Phoenix shopping center, Triumph Bell West Ranch for $5,182,000.
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