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PEORIA, AZ-Hot preleasing activity on Lake Pleasant Pavilion has led to strong speculation that the 382,000-sf power center could be 100% filled long before it delivers in fall 2006. At last count, the class A space in the proposed development, which breaks ground soon, is 85% taken.

Phoenix-based Kornwasser Shopping Center Properties LLC purchased the 40-acre parcel at the southwest corner of Lake Pleasant Parkway and Happy Valley Road from Mehrob LLC of Phoenix at just below the $10-million ask. The developer plans to begin construction in the fall.

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