• Fiesta Mall area (Mesa, AZ)
  • Southeast Valley submarket
  • Purchased 2014
  • Was a 100% vacant, former three building power center previously occupied by Bed, Bath and Beyond, Circuit City, and Toys R Us.
  • Redeveloped 2014-2015 to one building with 117,000 Sq Ft floor plate
  • Adjacent to Mesa Community College, the third largest community college in the nation with nearly 30,000 students
  • Now is 100% long term leased to Santander Consumer USA (Banco Santander) in 2015
  • Internationally recognized for its creative adaptive reuse for former retail power centers and became a case study for developers around the world
  • Sold 2016 for 7.2x the original purchase price and over a 100% levered 2-year IRR