Canyon Trails 1 Canyon Trails 2 Canyon Trails 3 Canyon Trails 4
Situation/Challenges
  • Class A anchored retail shopping center
  • 61% occupied
  • Good News/TI/LC facility needed to facilitate lease up
  • Two junior anchor spaces are dark
  • Junior anchor tenant currently paying reduced rent
  • Several ongoing road construction projects near the property have impacted traffic flow
  • Located in Phoenix metro area
Solutions/Highlights
  • Structured future TI/LC facility of $2.4 million
  • Property is shadow anchored by corporate-owned Target Super Center
  • Existing tenant roster consists of numerous national/regional retailers
  • Sponsor is a well-capitalized, experienced real estate investment firm and a repeat client of A10 Capital
  • Non-recourse
  • 5-year term plus extensions