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Hot in Arizona: Centers and strip malls, that is

8/16/2016

After a long, post-recession lull, leasing activity at shopping centers and strip malls in the Phoenix area is picking up, according to a report in Tempe’s East Valley Tribune.



Local real estate investor Michael Pollack is so bullish on the scene that he said he envisions tenant waiting lists as a possibility for the near future.



“We are in a red-hot market right now,” said Pollack, who invests in financially distressed centers and renovates them.



When Pollack lost five grocery anchors in the economic downturn, he filled the open space with Goodwill stores, churches, health care providers, and private charter schools.



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