Established in 1994, Arizona Partners is a real estate investment firm specializing in the acquisition, redevelopment, and development of retail shopping centers throughout California and the Southwest. We acquire retail projects with an eye towards stronger, synergistic tenancies, improving design and providing solid marketing and management skills.
We look at projects not for what they are but for what they can be.
We look at projects not for what they are but for what they can be.
Services
Arizona Partners is a vertically integrated company, performing all acquisition, leasing, property management, construction management and accounting functions in-house.
With extraordinary knowledge gained from decades of experience, our dedicated team, a healthy mixture of experience and youth that is encouraged to follow fundamentals while continuing to test the status quo, delivers superior value starting with identifying a potential acquisition and continuing through maximizing returns from a center that is operating at capacity.
With extraordinary knowledge gained from decades of experience, our dedicated team, a healthy mixture of experience and youth that is encouraged to follow fundamentals while continuing to test the status quo, delivers superior value starting with identifying a potential acquisition and continuing through maximizing returns from a center that is operating at capacity.
Bruce Shapiro, originally from Chicago, Illinois, graduated from the ASU School of Business in 1979. In 1984 he began his real estate career at the national brokerage firm Marcus & Millichap where he specialized in selling retail shopping centers. In his first year, Bruce was named rookie of the year and went on to earn several top awards during his ten-year run with Marcus.
We decided to call ourselves Arizona Partners because it is our goal to form synergistic partnerships, with quality investors, for our retail acquisitions and developments. Almost all of our properties, which total over 2.5 million square feet, have been owned with partners, most commonly in limited liability companies or as tenants-in-common, in a variety of ownership and profit sharing structures.
This tired, 119,264 square foot grocery-anchored center in an infill blue collar neighborhood was acquired in 2001 from an institution at a high cap rate because the anchor tenant, Fry's Food & Drug, only had 1 years remaining on their lease prior to the purchase. Through a relationship with Fry's, it was determined that they wanted to remain at the site if certain improvements were made.
Bob Rusing is a widely recognized and respected expert in the retail real estate industry. With more than 26 years of diverse experience throughout the United States he is an award-winning, consistent performer within the shopping center industry. Rusing's talents range from shopping center acquisitions, lifestyle center leasing, anchor tenant leasing, restaurant leasing, and redevelopment of aging regional malls to new ground up developments.
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