Plaza Antigua – Tucson, Arizona
Mezzanine Equity Amount: $650K.
Duration of Mezz-Equity Participation: 9 months (Jun'04-Mar'05).
Sale Value (SV)/Estimated Value (EV): $6.5M (EV).
Development Cost: $4M.
Quality, high-profile 20,000 sq-foot multi-tenant NNN retail project located in the heart of Tucson's “Gateway to the Foothills”, featuring high traffic, daytime employment, high-household income, excellent access, and exceptional visibility. Project tenants include Trader Joe's. Area tenants include PF Chang's, Sullivan's Steakhouse, and a host of office, restaurant, and retail.