Farmington Hills, Michigan (October 8, 2015) – Friedman Integrated Real Estate Solutions, in a joint venture with its institutional equity partner, recently purchased Plaza Vista Mall, a 227,110 square foot retail power center located at 629 Arizona State Highway 90, in Sierra Vista, Arizona.
The center, located at the northeast corner of State Highway 90 and Charleston Road, is anchored by Cal Ranch and Hobby Lobby and is 95.8% occupied. It boasts a tenant list that consists almost entirely of credit tenants such as Marshalls, Dollar Tree, Cato, Payless Shoes, Ross Dress For Less and Sally Beauty. This intersection is also home to a brand new Walmart and Lowes and within close proximity to Target Department Stores, Fry’s Grocery, and Staples. Plaza Vista Mall is perfectly situated to serve residents of nearby Fort Huachuca, which is a major U.S. Army installation and intelligence headquarters.
The acquisition of Plaza Vista Mall confirms Friedman’s commitment to growing their presence across the state of Arizona as they currently lease and manage numerous multi-family, warehouse, office and retail properties totaling over 600,000 square feet in the Phoenix and Tucson areas. Friedman’s portfolio includes Plaza Campana, Tri Pointe Plaza, and Catalina Village in Tucson, along with Acacia Creek Village and Vista Commons in the Phoenix area. Clients include LNR, C-III, Quicken Loans, Prize Logic, NCU and others.
ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.
For more information, please visit: www.friedmanrealestate.com.
For additional information: http://shoppingcenterbusiness.com/the-latest-news/friedman-acquires-plaza-vista-mall-in-arizona
