Grocery-Anchored Retail

Silverstone Marketplace

Scottsdale, AZ

Acquired July 2016

At a Glance

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Upscale neighborhood shopping center proximate to affluent master-planned communities as well as Scottsdale Airpark, the second-largest employment center in Arizona.

Investment Rationale

  • Newly constructed, grocery-anchored property that is leased to a variety of national and regional tenants.

  • Located in Scottsdale, Arizona, one of the most affluent areas in the country with median household incomes among the highest in the nation and with home values over double the Phoenix average.

  • 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 population that is expected to grow at twice the national rate through 2020.

  • Property is an excellent fit for JLL Income Property Trust’s aim to increase the portfolio’s allocation to high quality, grocery-anchored centers in top retail markets.

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Silverstone Maps2