Laguna Village

Turning Vacancy into vibrancy

In January 2016, CVP purchased a 131,000 square foot neighborhood shopping center in the Phoenix suburb of Chandler, AZ with a vacant anchor space, extensive vacant shop-space, and a shuttered pad tenant. Over the course of two years, we transformed the property by bringing in major community tenants, conducting renovations, and improving property management efforts.

We sold the property in four phases, beginning with the Walgreens pad, a newly-leased Natural Grocers pad, the Shops buildings anchored by Christ’s Church of the Valley, and finally a developable pad in the parking lot.