De Rito Land Development LLC, a company formed by De Rito Partners in Phoenix (Marty De Rito, Jerry Friedman, Doug Himmelberger, Principals) in partnership with Van Tuyl Group has gained Chandler City Council approval for the zoning and design of a Fry’s Marketplace Store, which will anchor a neighborhood commercial retail center on land at the southwest corner of Gilbert & Ocotillo roads. The 31 acre land purchase for $8.6 million is set to close in 2015.
De Rito Partners plans to spend over $22.0 million on developing the center to be called Artesian Marketplace. Phoenix architect Irwin Pasternack is working on design plans for for the new center that will consist of approximately 193,190 total square feet and will be anchored by a 123,000 square foot Fry’s Marketplace.
It is anticipated to open in 2016 and will be leased by De Rito Partners.
“We are excited to be working on this new premier retail destination and to once again partner with Fry’s Food Stores. We have developed 22 retail properties including a major renovation of The Pavilions at Talking Stick by securing dominant retail tenants for our projects. We are happy to be a significant part of the fast growing Chandler opportunities in Arizona,” said Marty De Rito, CEO of De Rito Partners.