Newmark Grubb Knight Frank (NGKF) announced the opening of a new retail store for Leslie’s Poolmart, Inc. (Leslie’s) at 2005 E. Indian School Road.
The nation’s leading retailer of swimming pool supplies and related products leased 4,500 square feet of a new 6,500 square foot retail building developed by DM Ventures I, LLC. The new retail storefront is located next to Leslie’s custom converted 91,500-square-foot office complex, which opened late last year. NGKF Executive Managing Director Jerry Jacobs handled the transaction.
“The Leslie’s renovation of the vacant Sam’s Club and the opening of its new retail store is elevating the perception of the Camelback East Village neighborhood, and furthering its transition into a burgeoning development area,” explained Jerry Jacobs. He continued, “This is a prime example of how creative and adaptive reuse can literally transform a community.”
Other developments planned along Indian School Road include a new 220-unit Class A apartment complex situated on 6.5 acres at 20th Street, scheduled to commence in April, and another Class A apartment complex at 28th Street with 152 units.
Additionally DeDito Partners has redevelopment plans for a 140-acre retail center located at 32nd Street and DM Ventures I, LLC is actively promoting developable or ground lease land adjacent to Leslie’s.