X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GILBERT, AZ-Construction is wrapping up on an 11-acre retail parcel that will bring one of the first major power centers to residents of Power Ranch and the surrounding Gilbert and Queen Creek area.

Kurt Smith, with LDR-Queen Creek and Power LLC, the master developer, tells GlobeSt.com that the 92,814-sf project is already fully leased to a number of restaurants and small businesses, including Subway, Rosati’s Pizza, Great Clips, Super Cleaners, State Farm Insurance and Post Net. “The site is already drawing tremendous traffic from residents,” said Smith, noting that the plaza’s anchor store, a 56,930-sf Albertsons grocery store, was among the first to open for business.

The store, which includes an Osco Pharmacy, Wells Fargo Bank and Starbucks along with a freestanding Albertsons Express fueling station, has been drawing customers to the retail-starved southwest corner of Power and Queen Creek roads since its opening several weeks ago. The center’s ranch bungalow design blends with existing and planned facilities at Power Ranch and Trilogy at Power Ranch located just north of the center.

Both developments are owned by the partnership of LDR-Queen Creek and Power LLC. In addition to the retail space, a 14,490-sf Walgreens is under construction on five acres. That store is schedule to open this fall.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.