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Retailers Lining Up for Camelback Project

PHOENIX-Orix Alliant is gaming out the development roster for land bought in recent months from Marriott Corp. First, it sells 3 1/2 acres to Circuit City and then signs Eckerd, Chipotle and Coffee, Tea & Bean to plaza leases.

By Beverly Ford | Updated on February 13, 2003

PHOENIX-The largest remaining parcel on the Camelback Corridor will soon become a shopping plaza anchored by Eckerd Drugs and electronics giant Circuit City when construction begins in April.

“This is an in-fill sight with very strong demographics,” Colliers International broker Larry Ortega tells GlobeSt.com. “It’s a very visible site along the Camelback Corridor and the largest remaining parcel on Camelback.”

The eight-acre parcel, located at the northeast corner of 16th Street and Camelback Road, drew the interest of at least 10 bidders before it was sold in December to Orix Alliant for $10 million. The transaction was one of the highest priced land deals in the valley, Ortega said.

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