Grocery-Anchored Retail

Kierland Village Center

Scottsdale, AZ

Acquired September 2016

At a Glance

Upscale neighborhood shopping center within the affluent Kierland master-planned residential and resort area, as well as Scottsdale Airpark, the second-largest employment center in Arizona.

Investment Rationale

  • Grocery-anchored, 118,000 square foot property that is leased to a variety of national and regional tenants.

  • Located in Scottsdale, AZ, a highly educated and thriving community that has seen a 10 percent increase in population since 2000 and median household incomes among the highest in the nation, with 46% of individuals 25 and older having at least a bachelor’s degree – higher than the state and national averages.

  • Phoenix has one of the strongest economies in the nation, ranking sixth out of 147 metros in LaSalle’s US Regional Economic Index report, with a diverse economy and population that is expected to grow at twice the national rate through 2020.

  • The property fits well within JLL Income Property Trust’s approach to increase the portfolio’s allocation to high quality, grocery anchored centers in top nationally ranked retail markets.

Property Gallery


Kierland Map