News

171KSF Retail Proposed for Gilbert ‘City Gate’

By Roland Murphy for Arizona Builder’s Exchange

Developer Barclay Group has submitted initial plans to the Town of Gilbert for 171KSF of retail and commercial building space on 20.47 acres at the SEC of Higley and Baseline roads.

The City Gate Marketplace will feature a 123KSF anchor grocery store, five retail shops ranging from 4,800-12.300SF, two restaurants and a fuel center with canopy.

The design theme is consistent across the buildings, according to the planning commission’s staff comments, but minor changes in the architectural elements and color schemes make the individual buildings distinct and visually interesting from the front. Staff did note, however, some monotony on the buildings’ rear elevations.

Overall, the staff appreciated the design by RKAA, saying, “The architect truly designed a comprehensive and cohesive project that is contemporary and adds to Gilbert vibrancy. The subtle changes occur along the proposed buildings front facades through varying parapet heights, changes in canopy height and colors, and significant and different columns or columns with post. When the front elevations are viewed side-by-side, one may begin to notice and appreciate design and subtle changes.”

Trees in the proposed landscape plan include date palm, chitalpa, mesquite and olive, among others, with several Arizona-standard accent shrubs, cacti and ground covers. According to the staff report, some species that are not in the approved pallet may eventually be included in the application, but staff is currently unaware of the extent of possible changes.

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New retail proposed: 18.59 acres at Idaho and Old West Highway being developed for shopping center

Ground could be broken as early as next summer on a new retail center in downtown Apache Junction, according to a representative from developer Barclay Group.

Old West Marketplace, a shopping center on 18.59 acres, is being proposed for the northeast corner of Old West Highway and North Idaho Road, according to a staff report presented during the Sept. 22 work session of the Apache Junction Planning and Zoning Commission.

The commercial parcel is bordered by Idaho Road to the west, Junction Street to the north, Outpost Road to the east and Old West Highway to the south. It is zoned B-3, City Center District, according to the staff report. It includes an old gas station, the Second Avenue alignment and a couple other undeveloped parcels, according to the report.

Previously the site of the Apache Junction Plaza, the parcel was a commercial subdivision established in 1962 prior to the city’s incorporation in 1978, according to the staff report. The report states the site “was never developed the way it was intended, with about 50 small shops around a central parking area.” The former Apache Junction library building, which later became the Apache Junction Water Co., building, now vacant, still stands on Second Avenue inside the project land parcel.

The proposed shopping center, according to the report, would include a 123,000-square-foot major anchor grocery store and fueling station and five other parcels that are proposed to be developed with a bank, fast food sites and some retail shops.

The properties are properly zoned and the applicant is not asking for deviations from the standard zoning, landscape or parking requirements, so there is no need to rezone the site, according to the report.

Colby Fincham, senior vice president for Barclay Group, said during a phone interview Sept. 24, that he could not discuss details about the development because it is in the preliminary design stage; however, he said, realistically, the project could break ground in mid-2016.

Barclay Group is a full-service, integrated real estate firm that develops, leases and manages commercial and residential properties from large power centers to master-planned communities, according to its website: http://barclaygroup.com. The company was formed in 1982 and has offices in Phoenix and Palm Harbor, Florida. It began by developing neighborhood centers and single-tenant buildings anchored by Fry’s, Publix (grocery store), Walgreens and Target, according to its website.

Locally, Barclay developed the shopping center at Combs and Gantzel roads in San Tan Valley, which was completed in 2008, Mr. Fincham said. Its most notable project, according to its website, is Tucson Spectrum in Tucson, which is more than one million square feet.

The Apache Junction site is owned by WGG Partners LLC of Belvedere Tiburon, California, according to information in the staff report. It is being developed by Barclay Group along with Scottsdale-based civil engineering firm Sustainability Engineering Group, according to the report.

Apache Junction is a good market for the shopping center because of its seasonal aspect that creates a lot of spending power in the city, Mr. Fincham said during his interview.

He said the name Old West Marketplace was determined by the site’s location along Old West Highway, not necessarily due to its aesthetic design. He said the look of the shopping center will adhere to the city’s design codes for the downtown area.

The applicants are working with the city’s public works department and the utility companies that serve Apache Junction to abandon and/or relinquish old rights-of-way and utility easements that affect the properties, Rudy Esquivias, senior planner and zoning administrator for the city of Apache Junction, said during a phone interview.

The utility companies include Salt River Project, CenturyLink, Southwest Gas, Arizona Water Co., Apache Junction Water, the Apache Junction Sewer District and Mediacom, he said.

P&Z Commission Chairwoman Tess Nesser during a phone interview called the proposed shopping center a fantastic addition to the community and a positive sign of growth here.

“Instead of a vacant lot, we will have the potential for additional income from taxes for the city,” she said.

She said she is also excited to see commercial development in the downtown area.

“By putting something this major on the north side of Old West Highway, it will spread across those vacant lots and pull the downtown area together to the city complex,” she said.

The Apache Junction municipal complex is on the northeast corner of Idaho Road and Superstition Boulevard, just north of the proposed shopping center. The council chambers and municipal offices are at 300 E. Superstition Blvd. The Apache Junction Police Department, 1001 N. Idaho Road; Apache Junction Multi-Generational Center, 1035 N. Idaho Road; AJ Parks and Recreation Center, 1001 N. Idaho Road; and AJ Public Library, 1177 N. Idaho Road; are adjacent to the city offices.

“The worst thing would be to have everything south of the (U.S. Highway) 60 and everything in the downtown area dies because everything has moved south. Putting something major in the downtown area will attract businesses and people,” Ms. Nesser said.

The Apache Junction Planning and Zoning Commission will hold a public hearing on the project during its Oct. 13 regular meeting. The commission typically meets twice a month in the Apache Junction City Council chambers, 300 E. Superstition Blvd. Work sessions are held at 7 p.m. on the second Tuesday of the month and regular meetings are held at 7 p.m. on the fourth Tuesday of the month.

To view meeting dates, agendas and videos of planning and zoning commission meetings, visit https://apachejunction.legistar.com/Calendar.aspx.

Written by Wendy Miller – Apache Junction/Gold Canyon Independent

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Tucson Spectrum Shopping Center Sells to DDR for $80 Million

An Ohio-based real estate investment trust has bought Tucson Spectrum, a million-square-foot shopping center on West Irvington Road near Interstate 19.

DDR Tucson Spectrum III LLC and DDR Tucson Spectrum II LLC, divisions of DDR Corp., paid a total of $80 million cash for the property, which was divided into two groups of parcels, Pima County records show.

The open-air shopping center’s major tenants include Harkins Theatres, Target, JCPenney, Home Depot and Food City.

“Tucson Spectrum is 99 percent leased, populated with strong retailers and draws shoppers from a large and growing trade area,” DDR spokesman Marty Richmond said via email.

“As such, the center is perfectly aligned with DDR’s prime portfolio of shopping centers across the country, and we look forward to serving shoppers in Tucson for many years to come.”

The company’s website shows that it is looking for tenants for about 52,000 square feet of space.

Several unbuilt lots are also part of the purchased property, county records show.

The shopping center’s previous owner, Scottsdale-based Barclay Group, filed a $112 million claim against the city government last year to stop the development of a proposed, adjacent Sam’s Club.

To entice the Barclay Group to build Tucson Spectrum, the city had placed a restriction on property it owned to the north of the shopping center that prohibited retail development there until 2017.      ARTICLE LINK

Cushman & Wakefield Negotiates the Sale of 157-Acres in Central Florida and Joint Venture Development Deal with Barclay Group

Cushman & Wakefield announced the sale/joint venture of a 157-acre parcel of land adjacent to The Villages® retirement community in the city of Wildwood, Florida. Philip Glassman, a Director in the Retail Brokerage Group of Cushman & Wakefield’s Tampa office, brokered the $30 million sale/joint venture with the Barclay Group. Cushman & Wakefield has also entered into a co-marketing agreement with the Barclay Group to market the mixed use project.

The Barclay Group is a principal and the developer of the property. The development on the property, slated to begin in the latter part of 2014, will be a mixed-use project that will include retail, residential/senior housing, medical office, office and institutional components.

The property is located at 446A and Buena Vista Boulevard, adjacent to The Villages®, in the City of Wildwood. Based in Palm Harbor, Florida, with offices in Scottsdale, Arizona, the Barclay Group is a full-service commercial real estate firm that develops, leases and manages an array of commercial retail properties, from large power centers to single-tenant buildings.

The Villages® is the largest age-restricted active adult community in Florida, spanning more than 20,000 acres.   Article Link

LA Fitness Expands in Central Texas with New Deals in Round Rock and San Antonio

Venture Commercial Real Estate announced it has completed two new deals in Round Rock and San Antonio for LA Fitness, as the sports club chain continues it expansion into Central Texas.

In Round Rock, LA Fitness has signed a lease and is expected to begin construction in September on a 35,000-square-foot facility in a new development located at the southwest corner of Highway 620 and O’Connor Drive. In San Antonio, LA Fitness has purchased a five-acre land tract in the Military Crossing shopping center, located at Loop 410 and Military Drive. Construction has begun on a 45,000-square-foot club in the second phase of this development, where LA Fitness will join other tenants Academy Sports + Outdoors, Staples and Chase Bank.

John Zikos, Jonathan Cooper, and Chris Booras of Venture Commercial represented LA Fitness in both deals, working with Walt Brown, Jr. and Tim Dollander of Diversified Partners, master brokers for LA Fitness in the Southern U.S.

“These two latest deals mark a continued aggressive expansion for LA Fitness into Central Texas, and we look forward to helping them secure more locations in this rapidly growing market,” said Zikos.

The landlord on the Round Rock lease, Barclay Real Estate Services, LLC, was self-represented. Whit Jordan and Thomas Tyng of REATA Real Estate Services represented the landlord in the San Antonio sale.

Founded in 1984, LA Fitness is one of the fastest growing health club chains in the U.S. and presently has more than 500 locations in 24 states and Canada.

Press Release. Dallas, Texas. Written by Sherry Yeaman of Venture Commercial.

LA Fitness to Open Two Memphis Area Centers

After getting into the Memphis market with the purchase of Urban Active in 2012, LA Fitness is starting to flex its muscles.

The California-based fitness center chain is working with Phoenix-based real estate firm Barclay Group now to open two new facilities, one off Route 385 at Winchester Road in Memphis and another off Interstate 40 at U.S. 64 in Lakeland.

Ground work on a building for LA Fitness has already begun on vacant land north of Winchester Road and east of 385, next to the Toys “R” Us and Babies “R” Us store in the Centennial Commons shopping center.

That space is being developed in connection with a soon-to-be-built 22,000-square-foot building for Marshalls, which is moving east down Winchester from a nearby shopping center, as first reported here.

The development appears to be a partnership between Centennial owner Michael Lightman Sr. of Michael Lightman Realty Co. and Barclay Group, neither of which could be immediately reached for comment.

Together, the two parties paid affiliates of Malanie Smith Taylor of Memphis-based TaylorMade Horsemanship nearly $1.5 million for two parcels with more than 41.3 acres combined to the west and north of Centennial, according to public Shelby County Register of Deeds records.

All but $182,125 of that was paid by Barclay Holdings LXII LLC, records show.

The Barclay Group has also approached Lakeland about building a 41,000-square-foot LA Fitness on U.S. 64 east of I-40, a parcel the Register of Deeds shows as owned by an affiliate of multifamily real estate firm Makowsky Ringel Greenberg LLC.

Lakeland officials didn’t immediately return a call or emails seeking more information about the development.

LA Fitness first entered the Memphis market with its purchase of Urban Active in November 2012. The chain currently has three locations in the Nashville area.

Written by Ryan Poe in the Memphis Business Journal.