Medina Station Secures Second Anchor Tenant

Medina Station Secures Second Anchor Tenant
Medina Station Secures Second Anchor Tenant

### Medina Station Snags Second Anchor Tenant

The highly anticipated Medina Station, a 64.5-acre mixed-use development in Mesa, continues to secure major tenants. Following the announcement of Target as an anchor tenant, developer SimonCRE has now added Dick’s Sporting Goods to the project. The development, located at the southeast corner of E. Southern Avenue and South Signal Butte Road, is set to break ground next week.

According to the *Phoenix Business Journal*, Dick’s Sporting Goods will occupy a two-story, 84,066-square-foot space within the center. Other confirmed tenants include Einstein Bros. Bagels, Boot Barn, Zara Nails, Café Zupas, Goodvets, U.S. Bank, and Hawaiian Bros. Currently, 70% of the available retail space is pre-leased, with SimonCRE expecting tenants to be ready for move-in by next summer.

Upon completion, Medina Station will encompass approximately 300,000 square feet of retail space, with an estimated total investment of $150 million. In early March, SimonCRE secured a $50 million loan from Zions Bancorporation to support the project.

With strong tenant interest and construction about to begin, Medina Station is poised to become a major retail destination in East Mesa.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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