X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Developers MainSpring Capital Group and Palmer Development have completed the first phase of The Block in Scottsdale with and is 100% pre-leased. The retail space includes 14,000 square feet of shop space and three freestanding pads, which are pre-leased to national tenants including Texas Roadhouse and White Castle. The impressive leasing activity, particularly in a burdened retail market competing with ecommerce, highlights the retail demand in Phoenix and for quality projects.

“This is a great site, and that always helps,” Curtis Brown, one of the developers, tells GlobeSt.com. “At Mainspring Capital Group, we knew we had a great retail site at the front door to Pima Center, our 232-acre business park. We also knew we needed a retail amenity to not only serve the strong employee base within Pima Center and surrounding trade area, but also the 200,000 cars a day passing the site. What we didn’t know was the best way to design for and appeal to the current market trends and conditions.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.