Accelerated Development Renames Retail Center

ALBUQUERQUE, NM-Accelerated Development partnered with Q Real Estate earlier this year to acquire a 143,557 square foot Power Center here, and the new owners are renaming the center. The property is located at the northeast corner of Interstate 40 and Eubank and is shadow-anchored by Target. The new ownership plans to transform the shopping center into an energetic retail destination for east Albuquerque.

“The property is located in a proven retail intersection in Albuquerque. With many national retailers already at the intersection we believe that with our specific repositioning strategy we can bring the center back to 100% occupancy,” said Pat Sauer, VP of Accelerated. After bringing on local commercial real estate expert, John Sedberry of Sedberry & Associates to spearhead the leasing efforts, the next order of business is to rename the shopping center from Market Center East to Market Center Crossing.