ZL Prescott, LLC, the new owner, in association with their national leasing advisor, The McGarey Group, a Divaris Group Company, announced the grand reopening of the Prescott Gateway Mall, now rebranded and revitalized as Pine Ridge Marketplace. Prescott’s premiere shopping center will boldly transform into a retail, lifestyle and experiential destination, a center gravity for the Prescott community, with a growing collection of retailers, restaurants, eateries and entertainment venues.
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“Pine Ridge Marketplace represents a new era of retail and lifestyle for the City of Prescott and surrounding communities,” stated Denver McGarey, CEO of The McGarey Group. “The mall was originally developed by some of my true heroes in the Arizona real estate industry, and it is an honor to restore the glory of the project they originally developed in 2002. We’re collaborating with the best of the best on a project that will become a model for the modern and holistic repositioning of regional malls.”
A New Era of Retail and Lifestyle
Pine Ridge Marketplace, a sustainable hybrid center, features energy-efficient LED lighting and HVAC systems. These improvements reduce energy use and operating costs, in addition to creating a more inviting environment.
Maintenance and landscaping will include ongoing beautification projects throughout the property and courtyard. Structural renovations include newly constructed entrances, enhanced walkways and parking lot upgrades.
“Prescott Gateway Mall was a thriving center for many years thanks to the support of the Prescott community,” said Owner Chris Lupo. “As new owners of the Pine Ridge Marketplace, we are excited to bring the center back to what it once was; a lively destination for our community to shop, dine, and have fun. With our continued efforts, the addition of The McGarey Group and supporting local leasing professionals at Prescott Commercial, we are confident that we can achieve this goal.”
A Hub of Retail Diversity and Community Engagement
Boasting over 600,000 square feet, including 100+ diverse suites and a food courtyard, Pine Ridge Marketplace positions itself as a unique hybrid center within a 100-mile radius. The center’s architectural grandeur and strategic location promise an influx of local, regional, and national tenants, adding to its dynamic retail mix. In addition to a growing list of retailers, many opening in 2024, the marketplace will continue to host a variety of recreational events including car shows, farmers markets and holiday activations throughout the year.
For leasing opportunities: www.pineridgemarketplace.com/leasing
