Why it's a smart time to sell Westgate district

Phoenix Business Journal

Westgate Entertainment District has grown up during the past six years.

When iStar Financial bought the Glendale development in 2012, it decided to invest in the center originally developed by Steve Ellman.

Six years later, iStar has put Westgate on the block. It went up for sale last week with an asking price of $142 million.

In 2012, Westgate had an office vacancy rate of 30 percent and several original retailers had closed. Since then, iStar brought in popular tenants such as Buffalo Wild Wings…

Source: Commercial News