Revitalized Pine Ridge Marketplace Emerges As Community Hub And Premier Shopping Destination
PRESCOTT, Ariz (Jan. 4, 2024) –ZL Prescott, LLC, the new owner, in association with their national leasing advisor, The McGarey Group, a Divaris Group Company, is thrilled to announce the grand reopening of the Prescott Gateway Mall, now rebranded and revitalized as Pine Ridge Marketplace. Prescott’s premiere shopping center will boldly transform into a retail, lifestyle and experiential destination, a center gravity for the Prescott community, with a growing collection of retailers, restaurants, eateries and entertainment venues.
“Pine Ridge Marketplace represents a new era of retail and lifestyle for the City of Prescott and surrounding communities,” stated Denver McGarey, CEO of The McGarey Group. “The mall was originally developed by some of my true heroes in the Arizona real estate industry, and it is an honor to restore the glory of the project they originally developed in 2002. We’re collaborating with the best of the best on a project that will become a model for the modern and holistic repositioning of regional malls.“
A New Era of Retail and Lifestyle
Pine Ridge Marketplace, a sustainable hybrid center, features energy-efficient LED lighting and HVAC systems. These improvements reduce energy use and operating costs, in addition to creating a more inviting environment.
Maintenance and landscaping will include ongoing beautification projects throughout the property and courtyard. Structural renovations include newly constructed entrances, enhanced walkways and parking lot upgrades.
“Prescott Gateway Mall was a thriving center for many years thanks to the support of the Prescott community,” said Owner Chris Lupo. “As new owners of the Pine Ridge Marketplace, we are excited to bring the center back to what it once was; a lively destination for our community to shop, dine, and have fun. With our continued efforts, the addition of The McGarey Group and supporting local leasing professionals at Prescott Commercial, we are confident that we can achieve this goal.”
A Hub of Retail Diversity and Community Engagement
Boasting over 600,000 square feet, including 100+ diverse suites and a food courtyard, Pine Ridge Marketplace positions itself as a unique hybrid center within a 100-mile radius. The center’s architectural grandeur and strategic location promise an influx of local, regional, and national tenants, adding to its dynamic retail mix. In addition to a growing list of retailers, many opening in 2024, the marketplace will continue to host a variety of recreational events including car shows, farmers markets and holiday activations throughout the year.
For leasing opportunities: www.pineridgemarketplace.com/leasing
About Pine Ridge Marketplace
Our collection of national, regional and local shops in beautiful Prescott, Arizona offers something for everyone, from national staples like Dillard’s and JC Penney to local gems like The Old Farmstead Mercantile and Espire Sports. To learn more about Pine Ridge Marketplace, visit www.pineridgemarketplace.com or follow us at @shopineridge.
About The McGarey Group, a Divaris Group Company
For over 30 years, the founders of The McGarey Group have been internationally recognized leaders in the comprehensive planning, advisory, and core leasing of signature mixed-use retail projects across the United States. The firm brings together an influential network of professionals, responsible for landmark developments that have served as catalysts for economic and social revitalization across numerous and diverse communities.
About the Divaris Group
The Divaris Group, headquartered in Virginia Beach, VA, is an international, fully integrated real estate services, brokerage, and property management company that currently manages and/or leases over 40 million square feet of prime office, retail, and industrial space across the US.
For more information: www.themcgareygroup.com or www.divaris.com.