The Latest News on Mulberry Marketplace

MESA, Arizona ― August 29, 2016 ― If Brown Group builds it, they will come.

Scottsdale-based Brown Group has built 35 successful shopping centers, and they hit it out of the park with their latest project Mulberry Marketplace. Named for the nearby Mulberry residential development, Mulberry Marketplace commands 17.70 acres  at the corner of Guadalupe and Signal Butte roads in Mesa, Arizona.

Mulberry Marketplace is anchored by a 124,267-square-feet Fry's Marketplace store. With a grand opening on June 24, it's the first new Fry's Marketplace store since 2011, employing nearly 350 associates. Naturally, other Mulberry Marketplace tenants benefit from the traffic drawn by Fry’s, which is open seven days a week from 5 am to 11 pm.

Mulberry Marketplace offers 710 parking spaces and a diverse group of retail and service providers, including:

·      Angel Touch Nails, September opening.

·      Great Clips Salon, September opening.

·      Signal Butte Animal Hospital & Grooming, November opening.

·      A 3,237-square-feet Burger King with drive-thru, December opening or first quarter of 2017.

·      A 3,990-square-feet Bank of America with two drive-thru lanes, mid 2017 opening.

·      Papa Murphy's Pizza    

Mulberry Marketplace is the third Fry’s-anchored center developed by Brown Group in the last five years. The other two being the Fortuna Commons shopping center in Yuma, Arizona, and Sundome Crossing in Sun City West, Arizona.

Of the current state of retail development, Brown Group Founder Gary W. Brown says, "The Phoenix retail market is undergoing moderate yet cautious growth. Certainly better than the development activity during the Great Recession, but far from the hyper growth experienced during the early 2000s." Therefore, Brown Group will continue to pursue new retail development within realistic housing growth projections, and “in-fill” development, i.ethe use of land within a built-up area for further construction, especially as part of a community redevelopment.

# # # 

For additional information or to arrange an interview, please contact Wendy Jenson at jensonpr@gmail.com

 

Mulberry Marketplace Shopping Center Announced: Fry’s Food & Drug to Anchor

MESA, Arizona ― January 22, 2015 ― On January 15, 2015, retail developer Brown Group closed on a vacant piece of land at the northwest corner of Guadalupe Road and Signal Butte Road in Mesa, AZ, with plans to build Mulberry Marketplace, to be anchored by Fry’s Food & Drug.

In total, 17.70 acres of land was purchased, with Brown Group partners Gary Brown and Todd Kjar buying 5.30 acres and Fry’s 12.40 acres, in a deal that has been in the works for some 17 months. Mulberry Marketplace will be the third Fry’s-anchored center Brown Group has developed in the last five years. The other two being Fortuna Commons shopping center in Yuma, Arizona, and Sundome Crossing in Sun City West, Arizona.  

Work is scheduled to begin in July, including site work, construction of a 123,419-square-feet Fry’s, and 12,000 square feet of shops attached to the south. The site plan calls for 710 parking spaces and a Fry’s Fuel Center consisting of a gas canopy with nine fuel dispensers. Deals are in the works for the three pads available for ground lease. Two of the pads are designed for drive-through restaurants and the third is for a bank.

Named for the nearby Mulberry residential development, Mulberry Marketplace will be filled with the type of service providers typically needed in a neighborhood center. “We hope to satisfy a consumer’s needs in a number of different areas with service tenants and restaurants,” says Brown. “We try to create a nice marketing mix of various tenants who complement one another.”

Plans are to open the center around May 2016, with no word yet on when Fry’s will open. By the time Mulberry Marketplace is complete and open to the public, it’ll have been a three year process.

 

______________________

 

Scottsdale-based developer Brown Group, Inc. has built 24 successful shopping centers with more than 6 million square feet of retail real estate. Visit Brown Group’s website at http://browngroupinc.com/.

For additional information or to arrange an interview, please contact Wendy Jenson at jensonpr@gmail.com

 

 

press photo.png
 

 

Photo Credit: Paul Markow

Caption, ID’s are from left to right (i.e. Todd wears glasses):

Brown Group partners Gary Brown and Todd Kjar review plans at the firm’s Scottsdale office.

Fortuna Commons Update: Phase 2 Open For Business

YUMA, Arizona — Released November 3, 2014 — Construction is complete on Phase 2 of the Fortuna Commons shopping center, anchored by Fry’s Food & Drug. New tenants include Firehouse Subs, Goodwill, and AutoZone.

In the spring of 2008, Brown Group’s Gary Brown and Todd Kjar had a vision. “We noticed that the original Fry’s in the Fortuna Foothills couldn’t keep their shelves stocked. The store was busting at the seams with temporary storage behind it,” says Brown. Having developed multiple Fry’s-anchored shopping centers, the business partners went to management with a proposal, “How about moving across the street and significantly expanding the size of your Yuma store?” The new, large format Fry’s (101,000 square feet versus the original store’s 50,000 square feet) opened on August 12, 2011. It is one of the chain’s highest performing stores.

Uncommon vision enabled Brown Group to produce a new project during economic times that put a number of others in retail development out of business. When Brown Group closed on the property in May 2009, financial conditions were challenging at best. “The world was a crazy place at that time, real estate values had crashed, unemployment was high, the Feds were trying to save the financial system and then promote growth, most if not all housing markets had crashed, and loan defaults of all types were commonplace,” says Brown. “There was no way to obtain a loan for almost any purpose, and virtually no new development was taking place.” But yet in the middle of all of this chaos, Brown Group purchased a property and planned a new shopping center in Yuma, AZ. Says Brown, “As a byproduct of the economic conditions, the project required extended time frames to build, and the development of additional retail was done in phases.”

Fortuna Commons Phase I was completed in November 2012. It is 100% leased with Aaron’s furniture, appliances and electronics; Chase bank; Cost Cutters family hair salon; Denny’s restaurant; GNC nutritional supplements; Ocotillo Dental Associates; and #1 Nails Salon.

Goodwill, the first Phase 2 shop to open, did so on September 12, 2014. Firehouse Subs is also open for business, serving their steaming hot subs. Lastly, AutoZone has signed a lease and is currently going through the entitlement process.

All “Fortuna” (Spanish for “good fortune”) Commons tenants are doing well. 

Scottsdale-based developer Brown Group, Inc. has built 24 successful shopping centers with more than 6 million square feet of retail real estate;  http://browngroupinc.com/. Brown Group is currently finishing another Fry’s-anchored center, Sundome Crossing in Sun City West, AZ.

Gary Brown is available for interview via email. Please contact Wendy Jenson at jensonpr@gmail.com.


 

 

Photo Credit:    Paul Markow

Caption, ID’s are from left to right (i.e. Todd wears glasses):

Brown Group partners Gary Brown and Todd Kjar review plans at the firm’s Scottsdale office.