(For more retail coverage, click GlobeSt.com/RETAIL.)
PHOENIX-SmithCypress Partners has acquired 24 acres from a localprivate seller in its first area land play. The southwestern parcelwill be developed into South Mountain Crossing, a $45-million,240,000-sf retail development.
Construction is slated to begin at Southern and 35th avenues inDecember, with completion anticipated for late 2007. An 81,200-sflease for an as-yet unidentified anchor is in hand and additionalspace has been preleased for a branch of US Bancorp, Wendy'srestaurant and Verizon Wireless store.
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