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SimonCRE plans shopping center next to Village at Prasada, American Furniture Warehouse in Phoenix metro - Phoenix Business Journal

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The new shopping center is planned adjacent to a proposed American Furniture Warehouse in the West Valley. phoenix

No tenants have been named for Prasada North, but SimonCRE said the new center is about 95% committed through letters of intents and leases. Marketing materials show potential tenants could include a number of national retailers, drive-thru eateries and other restaurants and shops. SimonCRE said most of the Prasada North, or about 90% of the project, will comprise retailers.

Prasada North will comprise about 280,000 square feet of anchor space, 21,000 square feet of pad space and about 22,000 square feet of shop space, according to marketing materials from Western Retail Advisors, the leasing brokerage for both Prasada developments. RKAA Architects Inc. is the architect for both Prasada centers, while a general contractor has not been selected.

 

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