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.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
###