|1458||2,100||Open Retail||Open retail space.|
|Property Type||Retail Strip Center|
|Property Sub-Type||Retail / Office|
|Total Building Size||38,000 SF|
|Min. Divisible||1,522 SF|
|Max. Contiguous||2,100 SF|
|Population (5 mile radius)||296,152|
|Daily Traffic Count|
|Scottsdale Road||33,000 per day|
|Corner Total||33,000 per day|
Union Plaza, located along highly traveled Scottsdale Road in Tempe, Arizona, is one of Michael Pollack’s latest and most exciting retail redevelopments. The highly visible 38,000 square foot retail strip center provides exceptional exposure to nearly 33,000 cars that travel along Scottsdale Road on a daily basis. Union Plaza is currently demised into 15 individual retail units with spaces ranging from 800 to 10,000 square feet in size.
Union Plaza is located in the vibrant City of Tempe, Arizona. This retail strip center is approximately 1.5 miles from Arizona State University (ASU) which is the largest public university in the United States based on enrollment of over 72,000 students (2012). The property is located approximately 1 mile from the Loop 202 Red Mountain Freeway, a 15 lane superhighway, which provides commuters direct access to both Interstate 10 and Loop 101. Heralded by the City of Tempe as “The Epicenter of the Metropolitan Phoenix Market”, the City regularly draws residents, consumers and commuters from neighboring cities such as Scottsdale, Mesa, Chandler and Phoenix. Many National tenants reside nearby including Starbucks, In & Out Burger, T-Mobile, Dunkin Donuts, Food City Grocery, Big Lots and Goodwill Industry.
The City of Tempe has recently approved plans on numerous high density residential developments within approximately 2 miles of Union Plaza including: SkySong Apartments (325-units), Mark Taylor Apartments (572-units) and Archstone Apartments (224-units). In addition to the high density residential development activity, Tempe has approved plans for numerous mixed use and commercial developments of gigantic proportions including: State Farm Campus (2-million-square-foot), Marina Heights, USA Basketball and the Lofts at Hayden Ferry Lakeside; all of which are located approximately three miles from Union Plaza. Tempe’s highly educated work force, central location and low cost of living have attracted some of the largest employers in the United States to the area.
The Property is subject to change or modification as may be made by the Landlord in its sole discretion or required by any authority having jurisdiction. Any and all measurements, distances or square footage are approximate. Landlord does not covenant or represent that any occupant currently or hereafter located at the Property will remain a tenant. Landlord makes no representations, either express or implied, as to the current or future addition or subtraction of tenants and/ or occupancy of the Property.