Tucson, AZ- There has been some updated information received to our April 24, 2018 article on Smith’s Food & Drug Centers, Inc., dba Fry’s Food & Drug Stores, that acquired 16.3 acres of undeveloped land at the northeast corner of 22nd Street and Houghton Road, Tucson, AZ, from Twenty-Second Street Baptist Church of Tucson, Inc. for $2,844,469.00, all cash.
Fry’s Food & Drug Stores is planning to build a 96,000-square-foot Fry’s Marketplace with a 300-square-foot fuel station canopy and Brentwood Developments will develop a 6,500- square-foot restaurant building and a 12,000-square-foot retail shops building.
Fry’s Food and Drug is planning to relocate the existing Fry Food and Drug Store located at 9401 E. 22nd Street, Tucson, AZ, at the northwest corner of 22nd Street and Harrison Road to the new Fry’s Marketplace site once it is constructed. The new Fry’s Marketplace will employ approximately 160 people, which is approximately is 40 people more than a typical Fry’s Food & Drug Store. It will include an expanded selection of meats and organic produce, a sushi bar, an Asian bistro, a wine bar, and a Starbucks.
Craig Finfrock of Commercial Retail Advisors, LLC represented the Buyer, Smith’s Food & Drug Centers, Inc. and Brentwood Developments, and the seller was represented by Ian Stuart and Ben Becker of CBRE. Commercial Retail Advisors, founded in 2001, specializes in the leasing and sales of shopping centers and retailer tenant representation throughout southern Arizona. For more information, please contact Craig Finfrock of Commercial Retail Advisors at (520) 290-3200.
To learn more, see RED Comp #5615.