Today we'll talk about our acquisitions and focus on commercial real estate investments.

De Rito Opportunity Fund, LLC has recently acquired 18 retail properties in separate transactions, totaling 168,214 square feet.  In addition to properties in Phoenix, these properties are located in the Arizona cities of Ahwatukee, Avondale, Chandler, Gilbert, Glendale, Goodyear, Mesa and Tempe.

The Arizona commercial properties include 9 Shopping Centers:

Best Buy Shops – 39% Leased
Desert Glen Shopping Center – 100% Leased
Greenfield-University Plaza – 75% Leased
Metro North Corporate Center – 30% Leased
Safeway at the Provinces – 25% Leased
Santa Fe Palms -  54% Leased
Shops at Kohl’s – 59% Leased
Superstition Springs Center – 66% Leased
The Shops at Gilbert Fiesta – 42% Leased

De Rito is focused on multi-tenant retail properties that fit criteria for investment.  Our strategy is to look at value-add properties that are attractive to prospective tenants, and we target acquisitions that are well-located.  De Rito considers factors such as traffic, adequacy of parking, anchor tenant proximity, visibility and demographics of the trade area.

De Rito Opportunity Investors, LLC is looking to acquire $100 Million in assets and retail notes located in Arizona.  The property must possess competitive advantages and upside potential through strategic asset management.

De Rito is seeking retail assets & notes

Acquisition Criteria:

• Strongly prefer off-market transactions
•  Seeking value-add and distressed assets
• Single asset and portfolio asset opportunities
• Non-performing notes- Short sale opportunities
• Joint venture and preferred equity opportunities

Product Types:

• Neighborhood centers
• Regional center
• Strip center
• Vacant boxes

CASE STUDY - DESERT GLEN SHOPPING CENTER

A sample of just one of our investment acquisitions is Desert Glen Shopping Center.  This was a distressed property, anchored by Kohl’s and Big 5 Sporting Goods.  It was completed in 2008 and had a daily traffic count of 44,100 average.  Desert Glen was purchased for approximately 55% of replacement cost, was 42% leased at acquisition, and is now 100% leased.

For investment inquiries, and to submit properties for potential acquisition, contact Iver Bowden, Chief Operating Officer at This e-mail address is being protected from spambots. You need JavaScript enabled to view it (480-834-8500).

For leasing opportunities at De Rito’s multi-tenant retail properties, contact Matt Morrell, Vice President of Leasing at This e-mail address is being protected from spambots. You need JavaScript enabled to view it (602-553-2937).

Iver Bowden