(For more retail coverage, click GlobeSt.com/RETAIL.)
GILBERT, AZ-Hudson Realty Capital LLC, in partnership withBiltmore Holdings LLC, has gained control of 13 acres from a localprivate seller. The partners plan to build 122,000 sf of retail andoffice space in an as-yet unnamed development with an all-in costof $15.2 million to $15.8 million.
Hudson Realty, based in New York City, and the Scottsdale,AZ-based Biltmore Holdings will break ground at Power and GuadalupeRoads within six months. Karim M. Demirdache, managing director ofHudson Realty Capital, estimates build-out time will take about oneyear.
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