LGE Design Build is starting the construction of the second phase of Heritage Marketplace with rapid leasing momentum.
Phase 2, slated to begin construction in late June with a December completion, is already experiencing strong pre-leasing activity. Phase 1 is complete and 100 percent leased for retail and restaurant spaces.
An integral part of Gilbert’s historic Heritage District, Heritage Marketplace is a family friendly, pedestrian-oriented, mixed-use development in downtown Gilbert located on the northwest corner of Gilbert Road and Vaughn Avenue.
“Heritage Marketplace and its tenants have increased the energy of the Heritage District and further solidified the District’s place as one of the best places to dine in the Phoenix Metropolitan area,” said Scott Powell, economic development administrator for the Town of Gilbert.
The second phase includes two buildings totaling 32KSF with ground floor restaurant and retail space, and second floor office space. The north building is about 10KSF and the south building is about 22KSF.
In Phase 1, LGE has completed 31,000 square feet of a dynamic mixed-use office/retail/restaurant project. Tenants include Lo-Lo’s Chicken & Waffles, Pomo Pizzeria, Barrio Queen, Zinburger and Petersen’s Old-Fashioned Ice Cream.
LGE also has completed the second floor of the building, constructing 3KSF of office space. Pacific Pharmacy Consultants, LLC, a full-service pharmacy brokerage firm, has leased space. Additional space is available for rent.
“Interest from retailers, local restaurants and office users is incredible and the residents of Gilbert are responding equally strong,” said Dave Sellers, president of LGE Design Build. “With 100 percent of the first phase retail and restaurant space leased, we expect the second phase to continue to drive new high-quality tenants.”