PHOENIX (January 24, 2013) – SRS Real Estate Partners is pleased to announce that CVS Pharmacy has purchased the El Mercado Shopping Center, a 4 acre property located at southeast corner of Broadway Road and Wilmot Road in Tucson, Ariz. CVS plans to demolish the existing multi-tenant shopping center and construct a freestanding drugstore with drive-thru. Additional pad opportunities are available at this new development.
Ed Beeh and Chuck Gibson with SRS Real Estate Partners represented CVS Corporation. Erik Westedt, Scott Kaplan, Shannon Murphy, John Rehling and Kevin Schuck with CBRE represented the Seller, 10 West 36th Street and El Mercado, LLC.