Evergreen Foundation

Evergreen Development Acquires 1.12-Acre Land Parcel for Multi-Tenant Retail Building at New Fry’s Marketplace Development in Peoria

Developer to Begin Construction This Month on Shops at Lake Pleasant Located at Happy Valley Road and Lake Pleasant Parkway
By: Kristy Jozwiak • July 5, 2016 • Duality PR

PHOENIX – July 5, 2016 – Evergreen Development formally acquired 1.12 acres of land adjacent to the new Fry’s Marketplace development at 25355 North Lake Pleasant Parkway, on the northeast corner of Happy Valley Road and North Lake Pleasant Parkway in Peoria. Evergreen plans to break ground on the planned 7,550-square-foot multi-tenant building this month.

The Shops at Lake Pleasant are already 70 percent leased. Future tenants include Tender Dental, Delia’s Cleaners, Sprint and Herbal Nails.

“This property is incredibly well-located and is in a high-traffic retail zone, with several high-quality stores, restaurants and amenities in the area, including the impressive new Fry’s Marketplace store,” said Laura Ortiz, Managing Principal of Evergreen Development. “We’re very excited to begin building out this parcel and bringing additional retailers and services into the center’s mix.”

Evergreen anticipates that the building will be complete and spaces delivered to the tenants by the end of October 2016, with the first tenants expected to open their doors to the public in January 2017.

Phoenix-based Vertical Design Studios is the architect for the buildings, while Evergreen has selected Phoenix-based GCON, Inc. as the general contractor for the project.

Retailers interested in learning more about leasing opportunities can contact Tyler Chester or Lance Umble of Phoenix Commercial Advisors at (602) 957-9800.