Santan Pavilions

Santan Pavilions

1779 East Williams Field Road, Gilbert, AZ, USA

Santan Pavilions

Cushman & Wakefield’s Retail Investment Advisors, as exclusive advisor, is pleased to present the opportunity to acquire Santan Pavilions (the “Property”), a newly constructed Trader Joe’s anchored shopping center located at the southwest corner of Williams Field Road and Santan Village Parkway in Gilbert, Arizona. Santan Pavilions consists of 92,677 square feet of retail space that is 98.12% leased to a complimentary collection of tenants led by a 14,228 square foot Trader Joe’s, on a lease that runs through March 2029. The shopping center offers almost every facet of daily needs retail with a variety of restaurants, fitness options, salons and spa, wireless, dentist and dance studio. Notable tenants include Verizon, Five Guys, Cyclebar, Modern Acupuncture, Stretch Lab, Toni & Guy Salon, Dickey’s BBQ, Thai Chili 2 go, Black Rock Coffee, Panera Bread and Rusty Taco. Recently opened At Home and Ashley Furniture Stores anchor the Property but are not included in the offering.

Santan Pavilions is ideally located just off the full-diamond interchange at the Loop 202 and Williams Field Road in the heart of a significant retail hub. Santan Village Mall located just to the west is a 1,057,000 square foot destination center, featuring top retailers including Apple Store, Coach, Macy’s, Dillard’s, Harkins Theatres, Dick’s Sporting Goods and Barnes & Noble to name a few. Topgolf sits just to the northwest of the Property and Santan Village Marketplace lies just to the southeast with Walmart, Sam’s Club, Costco, Office Max, Old Navy, Marshalls, Jo-Ann, Ulta, and Bed Bath & Beyond leading the tenant roster.

There is also tremendous residential development in the area. The Flats at San Tan Apartments, constructed in 2018 is located directly to the south of the Property and has 319 units. The Annecy by Maracay & Lennar Homes is a single-family home development just to the south of the Property. Elevation San Tan Apartments lies just to the southeast of the Property and
is under construction with another 297 units.  There are another 515 units planned within the vicinity.

Property Summary

Site Area13.39 acres
Year Built2018-2020
GLA (SF)92,677 SF
AnchorTrader Joe's
Occupancy98.12%

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