Denver, Colo. – Denver-based United Flea Markets, owner of the largest portfolio of flea markets in the country, has acquired the Tanque Verde Swap Meet at 4100 S Palo Verde in Tucson, Arizona for $7 million ($5.35 PSF)
United Flea Markets is the country’s foremost flea market ownership and management company with 12 properties in its rapidly expanding portfolio nationwide, bringing to each a valuable mix of small-company agility paired with finely tuned business acumen.
Open year-round, the Tanque Verde Swap Meet offers selling space for approximately 750 vendors across 30 acres. Visitors find a large selection of goods and services including clothing, furniture, antiques, fresh produce, services, and other unexpected bargains. A variety of food and beverage choices including street tacos, burgers, fry bread and cotton candy, as well as rides for children, round out the offerings.
Unique to the United Flea Markets’ portfolio, Tanque Verde offers both daytime and evening swap meets, with live music and nostalgic Edison lights adding to the festive atmosphere until 11 p.m. on Fridays and Saturdays.
Rob Sieban, president, CEO and co-owner of United Flea Markets and former chairman and president of the National Flea Market Association, said he’s thrilled to expand into Arizona with the addition of Tanque Verde.
“Tanque Verde Swap Meet boasts longevity, a large and dedicated following, and a truly unique experience that appeals to multiple generations,” he said. “During the evening hours, guests stroll and shop while enjoying live music, great food and a fresh-squeezed margarita. Add in the live music and rides for kids and there really is something for everyone. It’s a great addition to our portfolio.”
Sieban said that the decision to acquire Tanque Verde was based as much on reputation and fit as it was the departing owners’ leadership. “Founders Richard and Monica Chapin have adeptly guided the swap meet since its founding in 1975. We’re looking forward to building upon their solid foundation and further positioning the swap meet for the next 50 years of operation.”
Richard Chapin noted that while the transition marks a significant change for his family, he’s confident in United Flea Markets’ vision for the future. “It was really important to my family that the new ownership team understand the swap meet’s past while looking to the future,” he said. “United Flea Markets’ business acumen paired with its love for the industry ensures that Tanque Verde is in good hands.”
In keeping with United Flea Market’s desire to provide continuity for sellers and guests alike, most Tanque Verde Swap Meet staff, including the general manager, will be staying on. The company plans to invest in capital improvements like enhanced technology, including Wi-Fi throughout the market, and building and grounds upgrades.
Tanque Verde Swap Meet hours are Friday, 3 pm to 11 pm; Saturday, 7 am to 11 pm; and Sunday, 7 am to 3 pm. Admission and parking are free.
Flea market owners interested in learning more about investments from United Flea Markets can visit http://www.unitedfleamarkets.com or call 720.592.0260.
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