|   480-834-8500   |   Español »
  leftshadow topnav properties topnav agents

Stay up to date on our latest properties and tenant requirements by signing up for our E-News  

De Rito Partners closes on 32nd Street and Indian School retail plaza for $16,750,000.

Tuesday, 06 May 2014 22:01

De Rito Opportunity Investors, LLC, a company formed by De Rito Partners in Phoenix (Marty De Rito, Iver Bowden, Doug Himmelberger, principals) has purchased the retail plaza in Central Phoenix, located at the southwest corner of Indian School Road and 32nd Street. The 147,000-square-foot center, which is anchored by Ace Hardware, was owned by Bashas’ Inc. in Chandler (Edward Basha, III, President). The sale was negotiated by Nate Nathan, Dave Mullard, Casey Christensen and Courtney Buck of Nathan & Associates Inc. in Scottsdale. 

Phoenix architects Irwin Pasternack and Catherine Hayes are working on design plans for redeveloping the plaza to be renamed Arcadia Fiesta. A good portion of the existing space is expected to be redeveloped as part of a new center that should total 160,000 sq. ft. to 165,000 sq. ft.  An existing pad and two new pads for freestanding buildings are likely to be included in the new design. De Rito Partners will be partnering with the Van Tuyl Group on the redevelopment of this project.

“We are excited to be working on this in-fill project, renewing and revitalizing this existing community center.  We have a proven track record of being able to secure dominate retail tenants for our projects and are happy to be a significant part of the area’s redevelopment opportunities.” said Marty De Rito, CEO of De Rito Partners. 

Our Promise

To be Arizona's preferred commercial retail real estate firm by providing outstanding, prompt service with accurate market information using experience, expertise and teamwork which will develop long-term client relationships. Our clients’ needs must be met promptly, professionally using the highest quality service. Dedication to placing our client's needs first is the key to our success.

Stay Connected on:

    

Contact Us

For general information or questions, please contact us at:

  This email address is being protected from spambots. You need JavaScript enabled to view it.
  +480.834.8500
  +602.381.1981
  9120 E Talking Stick Way, Suite E1, Scottsdale, AZ 85250
JoomShaper