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12/04/24
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Vestar has broken ground on Verrado Marketplace, a 500k sf shopping center located at the northeast corner of the Interstate 10 Fwy and Verrado Way in Buckeye, AZ. The project is situated at the entrance to DMB Associates' 8,800-acre Verrado master-planned community.
Verrado Marketplace is anchored by Target, Harkins Theaters newest ‘Backlot’ concept, Safeway, Ross, Marshalls, and HomeGoods. Vestar has also signed a number of other retailers. These include ULTA Beauty, Famous Footwear, Buckle, Salt Tacos + Tequila, Bath & Body Works, Shake Shack, Handel’s Ice Cream, Nekter Juice, See’s Candies, Thai Chili, Einstein Bros. Bagels, Tropical Smoothie, Hawaiian Bros., European Wax Center, Zara Nails, Pacific Dental, America’s Best Contacts & Glasses, and Mountain America Credit Union, who are slated to open starting spring 2026. The property will have over 50 retailers and restaurants once completed.
The highly anticipated entertainment and lifestyle destination will feature unique amenities designed to enhance the visitor experience, including a splash pad, a live performance stage and video screen, and a half-acre central lawn surrounded by restaurants featuring outdoor fireplaces and more. Verrado Marketplace will also offer a “Sip & Stroll” experience, where guests over the age of 21 can consume alcoholic beverages while enjoying designated common areas within the property. Planned activities will include musical performances, holiday celebrations, and other community-focused events, further enhancing its role as a destination for local engagement.
Verrado Marketplace will benefit from Vestar’s GreenStar sustainability program, incorporating eco-friendly features and energy-efficient practices throughout development. Sustainable elements will include solar power, LED lighting, EV charging stations and the use of energy-efficient building materials—all designed to minimize the environmental impact and ensure the center's long-term sustainability.
With a total investment of $275 mil, Verrado Marketplace is projected to generate over $50 mil in total tax revenue for the City of Buckeye and contribute an estimated $1.8 bil in economic output over the next 10 years. The development is also expected to bring more than 1,500 permanent jobs to the West Valley.
Verrado Marketplace is owned and developed by Vestar in partnership with DMB Associates. Haydon Building Corp is the general contractor for the property, with Nelsen Partners and Optimus Civil Design Group providing architectural and engineering services. Western Retail Advisors brokers Ryan Desmond, Charles Skaggs and Justin DiBiase serve as the exclusive leasing brokers for Verrado Marketplace.
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