The Property, a 145,637 Square Foot Shopping Center, was on the Market for just 3 Months and Attracted Multiple Offers
(BILLINGS, Mont.) – Lee & Associates, which specializes in providing exceptional commercial brokerage services of industrial, office, investment, multifamily, retail, and land, is pleased to announce the sale of the West Park Promenade in Billings, Montana.
Paradise Valley resident, Jan Fincham, Principal at Lee & Associates Arizona partnered with Shane Jimenez, Principal at Lee & Associates Idaho to represent the seller.
Fincham, with over 35 years active in the real estate industry, has extensive experience in retail, office, and industrial investment sales throughout Arizona and the Southwestern United States.
Fincham leveraged his knowledge and contacts in the Western United States in conjunction with an extensive marketing plan to sell the property. Through their combined efforts, Fincham and Jimenez were able to garner multiple offers and close on the property within 3 months. The property closed for $23.4 million.
“Montana is a hot spot right now and has been a very attractive market with an unprecedented demand,” said Fincham. “We are pleased by the response to this property, it is an amazing shopping center in a prime location.”
The West Park Promenade is situated on over 12 acres and boasts 145,637 square feet. The prime shopping plaza is a daily needs shopping center anchored by a new Town & Country Foods grocery store. The property went under a $13 million renovation to transform it from a mall to a community shopping center and now features a diverse mix of internet-resistant tenants including a Red Robin, Massage Envy, and Yellowstone Fitness.
The property features excellent visibility and access from significant traffic counts. The West Park Promenade is located strategically in the heart of Billings, the largest city in Montana, and services over 150,000 people.
The seller is a Ketchum, Idaho area investor and the buyer is a Bellevue, Washington 1031 exchange investor.
For media inquiries please contact Jennifer Parks-Sturgeon at 480.495.3806 or at firstname.lastname@example.org
About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing