Sunday, April 10, 2011

Evergreen Devco Inc. Selects Grubb & Ellis to Lease 596,000-SF Retail Portfolio in Arizona

PHOENIX, AZ– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that Evergreen Devco Inc. has selected Bill Finch, vice president, and Alex Gonzalez, senior associate, both of the company’s Retail Group, as the leasing agents of Goodyear Centerpointe, Villago Marketplace, Anthem Marketplace at Merrill Ranch and Sonoran Desert Village.  

The properties offer a total of 596,000 square feet of space in the Phoenix metro area. 

 “This retail portfolio consists of well positioned properties anchored and leased by national retailers. Prospective tenants have the opportunity to lease or build out a wide range of available spaces and pads, while benefiting from a strong, experienced ownership like Evergreen,” said Finch. 

 Goodyear Centerpointe (top left photo) is a 290,000-square-foot regional power center located at the intersection of Interstate 10 and Pebble Creek Parkway in Goodyear.  The center is 98 percent leased to a variety of tenants, including Sport Chalet, Toys ‘R’ Us Inc., Babies ‘R’ Us Inc., Paradise Bakery & Cafe and Rubio’s Inc.

  There are two suites, 1,123 and 4,910 square feet in size, currently available for lease, as well as two pads available for lease or build-to-suit, offering approximately 27,000 and 37,200 square feet of space.  Additionally, there is 12,000 square feet of space available for pre-leasing in a planned multi-tenant building on the site.   

 A 156,000-square-foot grocery-anchored shopping center, Villago Marketplace (top right photo) is located at the northeast corner of the intersection of McCartney Road and Pinal Avenue in Casa Grande.  The center is anchored by Fry’s Marketplace and 92 percent leased.

 Other tenants include McDonald’s Corporation, JPMorgan Chase & Company, Subway Restaurant and United Parcel Service of America Inc.  Space currently available ranges in size from 900 to 6,135 square feet, with pads available for ground lease or build-to-suit opportunities. 

Anthem Marketplace at Merrill Ranch (middle left photo) is a 135,000-square-foot grocery-anchored shopping center located at the northeast corner of the intersection of Hunt Highway and Merrill Ranch Parkway in Florence.  The center is currently 98 percent leased with 1,915 square feet of space available and three pads ranging in size from 1 to 3 acres. 

Tenants include Safeway, McDonald’s Corporation, Wells Fargo Bank N.A., United Parcel Service of America Inc. and Allstate Insurance.   

 Sonoran Desert Village (lower right photo) is a 15,000-square-foot shopping center situated at the southwest corner of 27th Avenue and Carefree Highway.  The 80 percent leased center is anchored by Walgreens, which is joined by Wells Fargo Bank N.A. and Street of New York.  Space available ranges in size from 960 to 2,400 square feet. 

 For more information, call 602.952.3800, or contact Finch at , or Gonzalez at

Contact: Julia McCartney,  Phone: 714.975.2230                                      ,                                   

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