Retail developer has big plans in Surprise

By Audrey Jensen | Phoenix Business Journal

A local developer has plans to add a significant commercial component to the planned Asante Trails mixed-use development in Surprise.

Through Asante Trails Retails Partners LLC, Scottsdale-based SimonCRE on Dec. 14 acquired a 44-acre portion of the Asante site in partnership with Jim Stockwell Jr., a principal at Clyde Capital LLC, for $7.4 million in all cash from an entity connected to GTIS Partners, according to Maricopa County records.

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