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August Ground-breaking Set for Chandler Retail Project

CHANDLER, AZ-Denro and Albertsons break ground this month on a neighborhood retail center that is one mile from the under-construction Chandler Fashion Mall. The 58,000-sf Albertsons anchors the 35,000 sf of Denro's retail space and 5,000-sf pad site.

By D.J. Burrough | Updated on August 01, 2001

CHANDLER, AZ-Denro, a Phoenix-based retail developer, will break ground this month on a neighborhood grocery store project in Chandler that already is about half leased.

Denro, an entity of residential developer Communities Southwest, spent about $1 million for seven acres at the northwest corner of McClintock Drive and Ray Road in Chandler. The site is destined for 35,000 sf of shop space in three buildings and a 5,000-sf restaurant pad. Based on industry averages, Denro’s investment in the project will be more than $4 million for the land and buildings.

The project is going up adjacent to a 58,000-sf Albertsons, which will own its building. Denro and Albertsons will kick off construction simultaneously, eyeing a spring 2002 delivery, Charlie Hickcox, a Denro executive vice president, Denro, tells GlobeSt.com. Denro liked the area because of the draw of the Albertsons store and that it is on the going-home side of the street. The prevailing traffic during the evening commute will be headed south on McClintock Drive.

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