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Cushman & Wakefield |Commerce (www.comre.com) brokered the sale of the Brickyard Shopping Center, a 305,000 square foot retail property located in the heart of the East side of the Salt Lake Valley near the corner of 3300 South and 1300 East. The Yacoel Partners of Newport, Calif. purchased the property from The Boyer Company and its partner the Thackeray Company.
Kip Paul, executive director of Investment Sales for Cushman & Wakefield | Commerce brokered the transaction. “The Brickyard Shopping Center is located in an extremely attractive retail location,” he said. “This is evidenced by the fact that it is 98 percent occupied, and includes tenants such as Kohl’s, TJ Max, Office Max, Ross Dress for Less, Shoe Carnival, AutoZone and others.”
Built in 1980, the Brickyard Shopping Center has had a rich history of success. Today, 77 percent of the shopping center’s current tenants are credit and national tenants providing a solid, stable rent roll. The Thackeray Company and The Boyer Company had previously owned the property for 15 years.