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SimonCRE pays $12.2M for 34.66 acres in Surprise to develop Prasada North


Featured in AZ Big Media on June 28, 2023.


SimonCRE has acquired 34.66 acres in Surprise in a multi-transactional sale totaling $12,180,824 for the development on Prasada North. The seller was the Church of Jesus Christ of Latter-Day Saints. The deal was made with a total of $200,000 down and a construction mortgage of up to $44,476,179 with National Bank of Arizona. The land is located on the northeast corner of Loop 303 and Waddell Road in Surprise.


SimonCRE, a national commercial real estate development and acquisition firm, said recently that it has begun development on Prasada North, a new retail development that will amplify the expansive retail options provided by Village at Prasada. Located north of Waddell Road, this large development represents the developer’s ongoing investment in the West Valley. With many projects throughout the country being delayed due to shifting economic conditions, Prasada North is a commitment to supporting the continued growth of Surprise.



Az Big Media West Valley Village at Prasada surprise prasada north

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