Evergreen Development Completes Sale of Retail Property in Lake Pleasant Shopping Mecca
Multi-Tenant ‘The Shops at Lake Pleasant’ Sold
PEORIA, Ariz. – [July 13, 2017] – Phoenix-based Evergreen Development Company announced that it has completed the sale of its Lake Pleasant Crossing multi-tenant retail center, named The Shops at Lake Pleasant, located at 25355 N. Lake Pleasant Parkway, on the northeast corner of Happy Valley Road and North Lake Pleasant Parkway in Peoria.
“Peoria is one of the Valley’s fastest growing areas,” said Laura Ortiz, president of Evergreen Development. “This additional retailers and service providers in this well-located, high-traffic property complement the already-established amenities within the center’s mix.”
The Shops at Lake Pleasant was 100 percent leased by Lance Umble of Phoenix Commercial Advisors at the time of the sale. Chad Tiedeman, also of Phoenix Commercial Advisors, handled the sale transaction of the 7,550-square-foot building to JSPR LLLP.
Completed in February 2017, the retail building features tenants of Delia’s Cleaners, Pet Planet, Sprint, A Tender Dental and Classic Nails & Spa, on 1.43 acres.
In addition to its proximity to Fry’s Marketplace and Lake Pleasant Towne Center, The Shops at Lake Pleasant is close to Lake Pleasant Pavilion.
About Evergreen Development
Founded in 1974, Evergreen specializes in retail and multi-family development, tenant roll outs, project and construction management, property management, asset management, sustainable building and solving financing issues for various retailers and franchises. Working throughout the nation, Evergreen has earned a reputation as an industry leader by delivering high-quality real estate developments and services reliably, efficiently and cost effectively. The company has over 50 employees with offices in Arizona, California, Colorado and a newly opened office in Utah. Evergreen is currently engaged in the development of more than 60 retail and apartment projects and has completed more than 500 projects. www.evgre.com.