8th Avenue & Alma School
CVP acquired this 86,444 square foot neighborhood shopping center in October of 2015 on the southwest corner of 8th Avenue & Alma School Road in the city of Mesa. After thorough renovations and leasing, we sold the property in January, 2019.
Over the course of three years, CVP extended the Food City anchor lease and cultivated relationships with the smaller tenants. As part of its lease renewal, Food City renovated their space into its flagship Mesa location. Moreover, we achieved 100% occupancy while focusing on leasing spaces to complementary users focused on providing products and services to the Hispanic consumer market.
In addition to our leasing success, we sold the pad building to Pratt’s Pet and Feed in November 2018. They’ve been in business since 1936 and this is their 3rd location.
Arcadia Management Group headed up the property management efforts for the asset and Beau Flahart, Rommie Mojahed, and Eddie Gonzalez of SVN Desert Commercial Advisors leased and sold the project.