SimonCRE purchased the Hertz Rental Car facility located at 949 W. Camelback Road in Phoenix, Arizona. The property is located just west of 7th Avenue on Camelback Road, where there has been significant activity and retailers choosing this trade area, such as LA Fitness, Starbucks, and Southern Rail, a sister restaurant of Beckett’s Table. The site is also located along the heavily traveled light rail at a full access intersection with a stoplight.
The redevelopment in the Central Phoenix trade area will be a successful location as there are over a dozen automobile repair shops within a one-mile radius of the site. Several major car dealerships are located less than two miles east of the location on Camelback Road.