LeSueur Investments recently broke ground on approximately 20,000 square feet of new retail shop buildings adjacent to Costco Wholesale at San Tan Village in Gilbert, located at the SEC of San Tan Village Parkway and Loop 202. The shop space will be delivered to tenants during the fourth quarter of 2013. Leases have been signed with Deseret Books for approximately 9,000 SF and Firehouse Subs for approximately 2,300 SF. The Landlord is working to finalizes leases on the remaining 8,800 Sf with three nationally recognized restaurant groups and one additional high profile retailer. The property should be 100% leased and occupied by mid 1Q2014.
The developer has additional acreage and shop space available.
Brokers Torrey Briegel and Lance Umble, of Phoenix Commercial Advisors, have also recently sold pads to Starbucks and Kneeders which sit north of the 20,000 SF project detailed above.
