Pacific Retail Capital Partners adds first Arizona property

Pacific Retail Capital Partners has assumed management and leasing responsibilities at Park Place in Tucson, Ariz. Park Place is a 1.1 million-square-foot fashion and entertainment destination, and marks PRCP’s first property under management in Arizona.

“We are proud to enter a fundamentally strong retail market in Tucson by adding Park Place to our portfolio,” said Pacific Retail Capital Partners Founder and CEO, Steve Plenge. “Park Place is a best-in-class shopping center and aligns with our strategy of entering high-growth markets. We are excited to apply our best-in-class management and leasing approach to energize this shopping center so that it operates more efficiently and better serves the needs of the Tucson community.”

Park Place, located at 5870 East Broadway Blvd., is situated on the east side of Tucson and serves as the dominant retail center in the market. The property boasts six anchors including Century Theaters, Dillard’s, Round 1, Total W