High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Phoenix & Southwest  + Phoenix  + Retail  | 
Verrado Marketplace signs three anchor tenants

Buckeye’s Verrado Marketplace Names Anchor Tenants

Shoppers can come for the Sip and Stroll program, but stay at Verrado Marketplace for the impressive number of big-named retailers. Target, Safeway and a Harkins BackLot entertainment complex will be the anchor tenants for the planned Verrado Marketplace with their doors opening by the end of 2025. Shopping center owner Vestar and DMB are helming the 500,000-square-foot center.

Discount retailers Marshalls, Ross and HomeGoods will also open stores totaling 70,000 square feet at the center. Target will open in a nearly 150,000-square-foot space at the southeast corner of the property.

The new 75,000-square-foot Harkins BackLot — a new concept for the Scottsdale-based movie theater company — will feature a full-service restaurant and bar with a sports viewing arena, arcade games for all ages, a bowling alley and private event space. And of course, the Sip and Stroll program, which allows adults over 21 to walk around with alcoholic beverages in designated areas. The center is about 30 miles west of downtown Phoenix.

Connect

Inside The Story

Vestar

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development