In a Chandler, AZ land sale transaction, Entrepreneur and Valley Philanthropist Michael Pollack of Pollack Investments sells off one of his commercial land corners he has been collecting in his personal monopoly game.
Pollack has been playing Monopoly since he was a child. “It’s the greatest American board game and it celebrates capitalism in all its wonders,” Pollack said.
Monopoly started in 1903 as “The Landlord Game” all about acquisitions, management, foreclosures, and bankruptcies. Pollack learned the rules and memorized each and every property as a child playing the game. Today Pollack plays real life Monopoly acquiring every property that is a good fit for his portfolio that he can get his hands on, just short of Boardwalk and Park Place.
“I’m not after a huge New York corner development,” said Pollack. “I’ll leave that to Donald Trump.”
He refers to his East Valley acquisitions as his “personal game of monopoly,” which many wouldn’t question seeing his black and yellow signs located around the valley of the sun. On one cover of a magazine is a look-alike Monopoly board featuring the names of his projects around the outside, and a large picture of Michael in the middle.
Pollack knows what it takes to play monopoly as he has been involved in more than 13 million square feet of real estate projects in his career working in: California, Texas, Louisiana, Nevada, and ultimately Arizona which he calls home today.
Pollack acquired, then renovated and sold Sunshine Plaza Commercial Center located on the Southwest corner of Arizona Ave. and Warner Rd. in 1996.
Next he acquired Pollack Plaza a 53,000 sq. ft. retail center located (except for the Circle K) on the northwest corner of Arizona Ave. and Elliot Rd., and Pollack Business Park, a 20,000 sq. ft. commercial building located on Elliot Rd. just West of Arizona Ave., together in 1997.
In 1998 Pollack purchased a 17 acre piece of land that he named Pollack Business Park North I, II, and III in his collective monopoly game: Pollack Business Park.
North I, and Pollack Business Park North II located at the Northeast Corner of Arizona Ave. and Elliot Rd. were developed by Pollack in 2006. Pollack Business Park North represents a combination of Light Industrial, Showroom, and office development by Michael A. Pollack Real Estate Investments.
Pollack Business Park North III, is part of the vacant land originally acquired in 1998, and is still in his portfolio however, Pollack is not planning on developing it and will be marketing it for sale soon.
The dynamic three out of four-corner monopoly was a strategically planned acquisition spanning several years that has been held by Pollack until he found the right user for Pollack Business Park South. The majority of the land purchased in the 3.6 million dollar sale of the 13-acre property will be used for building approximately 80,000 sq. ft. of office space.
In 2000 Pollack purchased Sunset Commerce Center, a 60,000 sq. ft. mixed-use showroom industrial property located on Arizona Ave. between Elliot Rd. and Guadalupe Rd.
Pollack then purchased North Park Shopping Center, a 61,000 sq. ft. shopping center located on the Northwest corner of Arizona Ave. and Ray Rd. in 2004, and performed an extensive renovation specifically designed to serve the needs of the local community.
His most recent purchase on Arizona Ave. was the Circle K building located in front of his original Pollack Plaza, on the Northwest corner of Arizona Ave. and Elliot Rd. that was completely renovated into an Urgent Care Facility in 2013 completing his three-corner real live real estate monopoly.
“The sale of Pollack Business Park South should provide numerous benefits in terms of providing hundreds of jobs to Chandler with more money staying in our neighborhoods,” says Pollack. “Choosing to let go of my monopoly was an easy choice knowing the sale of the property would benefit Chandler by providing hundreds of jobs to North Chandler on Arizona Avenue.”
Pollack has owned more than two million sq. ft. of land on Arizona Ave. in the last decade. When asked what’s next for the man that plays Monopoly for a living Pollack said, “To continue to strive to improve our communities one project at a time.”