SimonCRE recently purchased a 13.5-acre multi-pad center at the SEC of Ocotillo and Ironwood roads in San Tan Valley and is planning a retail project valued at $20M at build-out.
The company will develop a 22KSF building for Goodwill. Additional plans include developing more retail space and a future outlet. Current buildings on the site include a Walgreens, an Ace Hardware, a McDonald’s and two buildings for multiple tenants.
The site is immediately north of the proposed Ironwood District master-planned mixed-use development. John Appelbe of Appelbe Commercial Real Estate represented the seller, Relo Queen Creek, LLC, in the $14.4M purchase. (Source)