(News Release) With a proud history of revitalizing retail centers, De Rito Partners Development, Inc. is excited to announce the ongoing redevelopment and re-tenant efforts at Arcadia Fiesta, located at the southwest corner of 32nd Street and Indian School Road in Phoenix. “The new center will bring a fresh and newly upgraded shopping experience to this neighborhood. Our leasing team continues to work tirelessly to re-tenant the center and we are pleased with the progress to date.” said Chuck Carlise, President, De Rito Partners Development, Inc.
Amongst the newest tenants to the center is Ross Dress for Less, the largest off-price apparel and home fashion chain in the United States. The retailer will open in the 30,190 square-foot, former Food City space. In addition to Ross, Tuesday Morning will join the center, taking a portion of the former AMF Bowling Alley. The retailer, specializing in designer and name-brand closeout merchandise, will relocate from its existing space at the southeast corner of 36th Street and Indian School Road. Salon Boutique, Anytime Fitness and Fantastic Sam’s will also be new additions to Arcadia Fiesta, joining existing tenants Ace Hardware and O-Reilly Automotive. Both Ace and O-Reilly have existing leases, and with construction underway, will soon receive a facelift. The east portion of the former Food City space, adjacent to 32nd Street, was demolished, with a new 15,000 square-foot shops building being constructed in its place with leasing space available.
“The exterior design will feature a completely refreshed building façade including new store fronts, updated landscaping and parking lot refurbishment.” said Doug Himmelberger, Director of Development & Construction at De Rito Partners Development, Inc.
Phoenix architect Irwin Pasternack worked on design plans for the project, with Wespac Construction, Inc. working as the general contractor.
About De Rito Partners Platform
De Rito Partners is structured into five entities. Established in 1992, De Rito Partners, Inc. has grown to become one of the largest brokerage firms in Arizona specializing in retail. The company offers full-service retail brokerage operations, property leasing, sales and tenant representation. The company has 20 seasoned brokers exclusively representing more than 180 shopping center owners and 60 national and local retailers. The company was voted #1 Retail Brokerage Firm by readers of Ranking Arizona: The Best of Arizona Business 2016, and is also the exclusive Arizona member of Retail Brokers Network, a national real estate powerhouse composed of the foremost retail brokerage firms in the U.S. De Rito Partners Development, Inc. specializes in the development and redevelopment of select retail and mixed-use properties. Currently redeveloping 1.2 million square feet at The Pavilions at Talking Stick (formerly Scottsdale Pavilions), the company creates retail environments for shoppers, merchants, communities and investors, and has developed 20 first-class retail and auto properties totaling more than 5 million square feet throughout the Greater Phoenix area. De Rito Property Management, LLC offers premier-quality property management services for retail properties of any size. Currently managing 30 properties totalling 2,000,375 million square feet. De Rito Opportunity Investors, LLC has recently purchased 45 retail assets, with plans to purchase 3 more this year, offers individually tailored retail property solutions, specializing in acquisitions of core and core plus assets. De Rito Land Development, LLC specializes in ground-up grocery anchored and other commercial neighborhood shopping centers, with a Fry’s Marketplace and El Super grocery- anchored shopping centers under construction in 2016. The company website is www.derito.com.