Paloma Village Center
Class A, 38,347 sq.ft., high-end retail center, Tucson, AZ. The property was acquired by MDC through co-investment with private clients in an off-market transaction. MDC provides investment and property management services for this asset.
Paloma Village Center is a high-end retail asset located in the prestigious Catalina Foothills and is part of a 12.9 acre mixed-use development at one of the most desirable intersections within the Tucson retail market.
The center is anchored by a CVS Pharmacy and includes other high drawing tenants such as Starbucks and Fleming’s Steakhouse. Parallel to the property is La Encantada, Tucson’s only high-end lifestyle/fashion center featuring luxury retailers.
The surrounding neighborhood is an affluent area and home to world-class resorts such as the Westin La Paloma Resort & Spa, (home to three Jack Nicklaus designed signature golf courses), the Westward Look Wyndham Grand Resort & Spa (one of the top ranked resorts in the State), and Loews Ventana Canyon Resort (with two Tom Fazio designed PGA golf courses).