- Acquisition Details: Scottsdale-based Pennant Development purchased 31 acres of the Skyline Ranch Marketplace for $10 million, joining forces with Realm LP.
- Retail Expansion: Plans include a 225,000-square-foot development set to break ground in July, with openings targeted for spring 2026.
- Key Tenants Already Lined Up: EoS Fitness, Chick-fil-A, In-N-Out, Marshalls, and Ulta Beauty among the confirmed tenants.
- Strong Pre-Leasing Activity: The center is already 85% pre-leased—rare for a project that hasn’t broken ground.
- “The Zone” Concept: A pedestrian-friendly cluster of sit-down restaurants, addressing community demand for upscale dining options.
- Underserved Market: SanTan Valley, adjacent to fast-growing Queen Creek, has seen explosive housing growth but minimal new retail.
- Why It Matters for Investors:
- Major brands validate retail demand in the area.
- Population growth in Southeast Valley = strong future consumer base.
- Potential uplift in surrounding single-family property values and rents.
(602) 898-3662