PHOENIX – May 31, 2017 – Abington Emerson Investments, LLC continues to grow its portfolio in Arizona by acquiring a retail center in Anthem, Arizona (“Anthem” or “Plaza”).
Anthem is a well-constructed, ± 35,710 square foot, Ace Hardware anchored shopping center situated on 6.68 acres at the corner of Anthem Way and Gavilan Peak Parkway in Anthem, Arizona. In addition to Ace Hardware, Anthem’s tenants include Coldwell Banker, Pizza Hut, Shanghai Club and Princess Nails. Developed in 2003, this quality retail space is set within an attractive shopping environment that is currently only 64.09% occupied. Immediate upside exists through the lease up of the 14,130 square feet of available space, but the Plaza’s main asset is its superior location within an affluent Anthem neighborhood.
“We are excited about adding another high-quality property to our Arizona portfolio and confident that under Abington Emerson’s management, the Plaza will transform into a popular and fully-occupied neighborhood center,” commented Brent Howard, responsible for acquisitions in the Southwest region.