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Scottsdale Developer Plans Another Retail Center in West Valley City


Featured in Phoenix Business Journal on December 15, 2023.

A local developer has plans to add a significant commercial component to the planned Asante Trails mixed-use development in Surprise.

Through Asante Trails Retails Partners LLC, Scottsdale-based SimonCRE on Dec. 14 acquired a 44-acre portion of the Asante site in partnership with Jim Stockwell Jr., a principal at Clyde Capital LLC, for $7.4 million in all cash from an entity connected to GTIS Partners, according to Maricopa County records.

The larger 100-acre Asante Trails project will be anchored by a new 20-acre HonorHealth hospital and feature office and business park uses, multifamily housing, shops, restaurants, hospitality, neighborhood services and other retailers to support the substantial growth of the city.

Phoenix Business Journal New Development West Valley Village at Prasada surprise prasada north Asante Trails

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