The Glendale Star
12
February 3, 2022
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Portillo’s drive-thru sold to SoCal buyer for $1.7M BY GLENDALE STAR STAFF Hanley Investment Real Estate Advisors completed the sale of a new construction, single-tenant net-leased retail property occupied by a Portillo’s drive-thru restaurant in Glendale. The sale price was $7.1 million for the long-term, triple-net ground lease. The sale achieved a cap rate of 4.55%, a record-low cap rate for a Portillo’s in the United States. Hanley’s Executive Vice Presidents Bill Asher and Jeff Lefko, along with President Ed Hanley, in association with Lee Csenar of Hanley Investment
Real Estate Advisors Inc., represented the seller, a private investor in Orange County, California. The buyer, a private investor in Los Angeles County, was represented by Chuck Wilson and Kenny Patricia of Colliers International in Irvine, California. Hanley identified an all-cash buyer based in Southern California seeking a single-tenant passive investment to fulfill a 1031 exchange requirement and sourced an off-market opportunity by leveraging an existing relationship with a Southern California-based de-
veloper. “Single-tenant NNN retail investment supply was extremely tight in the last six months of 2021,” Asher said. “Market conditions promoted more incremental off-market transactions, matching up motivated buyers with properties not formally on the market, putting owners in a unique position capitalize on entertaining unsolicited offers at historic record-breaking prices.” Portillo’s is located at 17125 N. 79th Avenue in Arrowhead Towne Center. The 7,800-square-foot restaurant
building, situated on 1.92 acres, has an outdoor patio and a double-lane drive-thru. It is Arizona’s fourth Portillo’s and the Chicago-based chain’s 67th location overall across nine states. The restaurant, which opened on April 27, 2021, serves Chicago-style hot dogs, Italian beef sandwiches, char-grilled burgers, fresh salads and chocolate cake. Portillo’s Home Kitchen is the company’s fast-growing catering business. Portillo’s also ships food to all 50 states via its website.
BY GLENDALE STAR STAFF Scorpion Bay Marina is hiring for the 2022 season. Positions range from dockhands and deckhands to security, office rental agent and boat dry storage attendant. Individuals 18 and older may apply to support Scorpion Bay as it enters its busiest season this summer. The recent attendance surges mean Scorpion Bay
needs to expand its team. Marina crew members will assist with guest relations, safety and operations orientations, boat maintenance, cleaning and more to keep the marina running smoothly and safely. “Working at Scorpion Bay is a tremendous opportunity for each of us,” said Lynn Lovelady, marina manager. “Being able to show up for work at
a dream location, help our guests have a safe and enjoyable visit and collaborate with such a dedicated crew is something I’m incredibly grateful for. As we expand our team, it’s important that we bring on additional hard-working individuals to provide premium service to the wide variety of local and international guests that visit the mari-
na each season.” Full- and part-time and seasonal positions are immediately available. Full benefits are available for full-time employees. Mail resume to info@ scorpionbayaz.com. Scorpion Bay is located at 10970 Peninsula Boulevard, Morristown.
Scorpion Bay Marina hiring 12 for 2022 season
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Peoria Unified hosting career fair BY GLENDALE STAR STAFF
The Peoria Unified School District is inviting seasoned or aspiring teachers to its career fair from 5 to 7 p.m. Thursday, Feb. 24, at Ironwood High School, 6051 W. Sweetwater Avenue, Glendale. There are job openings in all pre-kindergarten to 12th grade across Peoria Unified’s 42 schools. At the teacher career fair, interviews will be conducted on-site. Peoria Unified’s human
resources team will be at the event to assist with certification questions. Letters of intent may be offered to select candidates at the Teacher Career Fair to join Peoria Unified. The district offers valuable salaries, benefits, incentives and support. To view job openings, visit Peoria Unified’s website at jobs.peoriaunified. org. For more information about the teacher career fair, call 623-412-5302.
