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Ahwatukee Foothills Mixed-Use Project Filling Fast

PHOENIX-Orsett Properties is rocking and rolling at a 40-acre mixed-use site. Another five pad sites, valued at $3.27 million, have been sold to restaurants while takers are lining up for a spot in a 103,000-sf flex office building.

By D.J. Burrough | Updated on May 10, 2001

PHOENIX-The developers of a 40-acre parcel in Ahwatukee Foothills area have nearly sold all their retail pads, have signed a major retail anchor and are beginning to lease up a flex industrial building.

Orsett Properties Ltd., a Wellesley, MA-based firm, is developing Foothills Vista, a mixed-use project at the southeast corner of 48th Street and Chandler Boulevard. The project is just west of Interstate 10. To date, five sales, totaling 5.6 acres, have been completed. The recent pad site sales carry a value of $3.27 million.

Orsett purchased the acreage in 1999. Intown Suites, a limited service hotel chain, has built a hotel on the site and Phillips Petroleum has built a convenience store gas station on a pad toward the intersection of 50th Street and Chandler Boulevard. Others buying pads include Arizona Del Restaurants, which is building a Del Taco; Waffle House Inc., which is putting in a Waffle House; and Desert Star Properties LLC, which is building a Carl’s Jr. Construction on those three restaurants is expected to begin immediately, with openings set for year-end.

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