GLENDALE, AZ – A familiar face in Asian grocery retail is set to revitalize a significant portion of the Arrowhead Towne Center. 99 Ranch Market is anchoring the redevelopment of the former Sears building, signaling a shift in the mall’s tenant mix and a boost for the West Valley’s growing Asian community. The project represents a larger trend of Asian-focused businesses expanding across the Phoenix metropolitan area, catering to a demographic that has seen substantial growth in recent years.
The arrival of 99 Ranch Market isn’t happening in isolation. Developers envision the space becoming a hub for Asian retailers and restaurants, transforming the once-struggling Sears location into a vibrant destination. This redevelopment is particularly notable given the challenges facing traditional brick-and-mortar retail spaces, and the increasing demand for specialized grocery options.
Houston-based NewQuest Properties acquired the shuttered Sears building and adjacent Auto Center in December 2023 for $8.85 million, according to Maricopa County Recorder’s Office records. The Phoenix Business Journal first reported the deal, highlighting NewQuest’s strategy of bringing Asian retail concepts to the region. NewQuest previously brought 99 Ranch Market to Chandler, Arizona, in 2021, demonstrating their commitment to this market segment.
A Changing Retail Landscape at Arrowhead Towne Center
The redevelopment of the former Sears building is a significant step for Arrowhead Towne Center, which, like many malls across the country, has faced challenges in recent years. The departure of anchor tenants like Sears often leaves large vacancies, requiring innovative solutions to attract shoppers. The decision to focus on Asian retail reflects a recognition of the demographic shifts occurring in the area and a desire to cater to underserved consumer needs.
The project will encompass not only 99 Ranch Market but likewise a variety of other Asian-focused businesses. Even as the full tenant list is still being finalized, NewQuest Properties has indicated plans to include restaurants and specialty retailers, creating a comprehensive shopping and dining experience. This approach aims to draw customers from a wider geographic area and establish the center as a regional destination for Asian cuisine and products.
99 Ranch Market: A Growing Presence in Arizona
99 Ranch Market is a well-established Asian supermarket chain with locations primarily in California, Nevada, Texas, and now, Arizona. The company specializes in fresh produce, seafood, meats, and a wide variety of Asian grocery items, catering to a diverse customer base. The chain is known for its in-store restaurants and bakeries, adding to the overall shopping experience.
The Chandler location, which opened in 2021, has proven successful, demonstrating the demand for this type of grocery store in the Phoenix area. The Glendale store is expected to be even larger, offering an expanded selection of products and services. The company’s expansion into the West Valley is a direct response to the growing Asian population in cities like Glendale, Peoria, and Surprise.
Economic Impact and Community Response
The redevelopment project is expected to have a positive economic impact on the city of Glendale, creating jobs and generating tax revenue. The construction phase alone will provide employment opportunities, and the new businesses will require a workforce to operate. The increased foot traffic to Arrowhead Towne Center is likely to benefit other retailers in the area.
Community response to the project has been largely positive. Many residents have expressed excitement about having access to a wider variety of Asian grocery items and restaurants. The project is seen as a welcome addition to the West Valley’s cultural landscape and a sign of the region’s growing diversity. Local community groups have also engaged with NewQuest Properties to ensure the project aligns with the needs and preferences of the Asian community.
What’s Next for the Arrowhead Towne Center Redevelopment?
99 Ranch Market is slated to open its Glendale location later this year, with the overall redevelopment project expected to be completed in phases. NewQuest Properties is currently working to secure leases with additional tenants, and construction is underway to prepare the space for occupancy. The company has not yet announced a specific opening date for the entire project, but they anticipate a grand opening celebration once all the tenants are in place.
The redevelopment of the former Sears building at Arrowhead Towne Center represents a significant investment in the West Valley and a vote of confidence in the region’s economic future. The project is expected to transform the mall into a more vibrant and diverse destination, catering to the needs of a growing and changing community. Updates on the project’s progress can be found on the NewQuest Properties website.
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