Peoria Square – Peoria, Arizona
Mezzanine Equity Amount: $950K.
Development Cost: $5.5M.
Sale Value (SV)/Estimated Value (EV): $10M (EV).
Duration of Mezz-Equity Participation: 12 months (Jun'04-Jun'05).
Located in the heart of the high-growth West Valley, and shadow-anchored by Inland's Peoria Crossing power center, and the Park West Lifestyle Center, this 23,026 sq foot multi-tenant NNN retail project enjoys freeway visibility, high traffic, excellent access, and close proximity to University of Phoenix Stadium (AZ Cardinals), Jobing.com Stadium, Glendale Municipal Airport, and the new Westgage City Center. Tenants include Fedex-Kinko's, BedMart, Scrubs & Beyond, NextCare, Sprint, Armed Forces, Roni Deutch Tax Services and Navy Federal Credit Union.