CBRE is pleased to exclusively offer for sale The Welnick Marketplace (“the
Property”), multi-tenant retail development located in Downtown Phoenix. The
Welnick Marketplace is ±13,968 rentable square feet located in the City of
Phoenix Entertainment District.
The brothers, Leo and Ed Welnick, built Welnick Bros Marketplace in 1927.
The adjacent Liefgreen Seed building make up the entire adaptive reuse
project ±13,968 SF. In August of 2016 the property was placed on the
National Register of Historic Places by the United Stated Department of
Interior.
Between 2015-2016 Developer Ownership spent over $2.0 million on all new
roof, HVAC, structural, life safety, electrical and plumbing.
Tenants are Gus’s World Famous Fried Chicken, and Quartz Cocktail Bar.
There is ±9,026 Square Feet of 2nd generation restaurant space available.