Southlake, Texas – June 21, 2018 – United Development Company of Southlake, Texas and Christifulli Companies of Phoenix, Arizona recently sold IHOP and Risas Dental and Braces site at their Shops of Valencia project in Tucson Arizona. Jamie Medress, a top producing Senior Managing Director of Investments for Marcus & Millichap in Phoenix, AZ, was the selling broker for IHOP. Larry Cesare of Tucson, AZ and Nicholas Christifulli, Christifulli Companies, were the selling brokers for Risas Dental and Braces site.
The Shops at Valencia is located on the southwest corner of Valencia and Headley in the southwestern part of Tucson. The location is roughly 10 miles from downtown Tucson and the University of Arizona and less than 2 miles off of I-19, which generates 60,000 cars a day. There are more than 117,500 daytime employees within a 5-mile radius. The project is approximately 11.3 acres and is comprised of 7 retail pads. In addition to IHOP and Risas Dental and Braces the Shops will include a new Dutch Brothers Coffee location.
Christifulli Companies and their principals have worked with many national and local retailers and have developed strong ties with brokerage, retail, lending, municipal and development communities throughout the United States. Over the last decade, the principals and their respective partners have collectively completed 6 million square feet of retail space with a combined value in excess of $1 billion. www.christfulli.com
United Development Company currently owns and manages more than $300 million of real estate investments. Utilizing its wealth of both capital and real estate expertise, United Development is aggressively pursuing retail and self-storage real estate investments in the United States. www.UDCGlobal.com
For Media Information – Interviews:
Brian Christifulli, Christifulli Companies, Partner