- 131,117 square foot community shopping center.
- Located at Ray Road and Kyrene Road in the affluent and densely-populated Chandler submarket of Phoenix, AZ.
- Acquired in January 2016 at 62% occupancy.
- Business plan to complete cosmetic upgrades to lease up the anchor and inline vacancies, and selectively sell individual retail parcels.
- Sold the Walgreens parcel within three months of taking ownership.
- Leased the former Fresh & Easy junior anchor space to Natural Grocers, and sold within six months of ownership.
- Increased occupancy to 89%, including leasing the former anchor movie theater to one of the largest and most creditworthy churches in the U.S.
- Sold property December 2018 at 93% occupancy.