Park Plaza invites growing businesses to thrive with the established, recently opened, and incoming tenants. New ownership has implemented a strategic transformation to reinvigorate the retail destination.
Featuring a broad range of spaces, tenants of all kinds can find the perfect place here. The availabilities include in-line storefronts, a 43,000-square foot anchor space, co-anchor spaces, standalone former restaurant buildings, second-generation suites for salon users, a second-generation wing restaurant, and more. New ownership has already repainted the center with a parking lot resurfacing coming soon and more façade updates planned.
Park Plaza is about 75% occupied, as several national brands have an established presence at the center. Enzo Fitness recently opened in a 17,000-square-foot space with a wellness-centered juice bar coming next door, setting up new businesses to benefit from the broad consumer base drawn by these co-tenants.
Situated in the Northeast Heights submarket, Park Plaza is at the confluence of major metro hubs, which has fostered a diverse residential base of white- and blue-collar households. It’s easy for anyone to get here as Park Plaza has direct access to several connector roads, multiple bus lines have stops here, and Interstates 40 and 25 are two to five minutes away. Phoenix Avenue, Carlisle Boulevard, and Menaul Boulevard surround Park Plaza, each of which is a key route for locals, providing traffic counts of over 55,000 vehicles per day. The neighboring destinations build upon this convenience and provide co-traffic with several national department stores, Bel-Air Park, restaurants, gas stations/convenience stores, a 295-unit apartment complex, and New Mexico’s top-performing Whole Foods in the vicinity. Combining a strengthened tenant mix, new ownership upgrades, and an advantageous location, Park Plaza is the premier opportunity to thrive in Albuquerque.
Ownership operates leasing in-house, all fees will be paid to the tenant broker. Pricing and creative deals are negotiable. Inquire now to learn more.
Marketing Team
NEF Capital Group
