ATLANTA (August 2, 2022) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce that the Firm served as legal counsel to Big V Property Group (Big V) in its acquisition of Lake Pleasant Pavilion, a 178,403-square-foot destination shopping center in Peoria, Arizona, located in the Phoenix Metropolitan area. The transaction closed on August 1, 2022 and is Big V’s first acquisition in Arizona.
Located at the intersection referred to as Peoria’s ‘Four Corners’ just outside Phoenix, Lake Pleasant Pavilion’s tenant roster consists of approximately 88% national retailers, including Marshalls, Bed Bath & Beyond, Downeast Home & Clothing, BevMo!, Tilly’s, Kirkland’s, Anytime Fitness, McDonald’s, Starbucks, and more. The property benefits from attractive area demographics within a 5-mile radius and adjacency to a variety of other retailers such as Home Depot, Kohl’s, Lowe’s, and shadow-anchor Super Target.
SGR has advised Big V Property Group on a variety of shopping center related matters. The SGR legal team was led by Partner and New York Real Estate Practice Section Head Sean Altschul, along with Amanda Attenasio, associate, in the New York Real Estate Practice, Tyler Cunningham, associate, and Alissa Cummo, counsel, in the Atlanta Real Estate Practice. The team also included Alon Harnoy, partner, Danielle Comanducci, counsel, and Tanisha Belhomme, associate, in the New York Corporate Practice.
About Big V Property Group
Big V Property Group owns and operates 55 neighborhood and community shopping centers totaling over 9 million square feet, primarily located in the southern region of the U.S. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN, and Florida, NY. For further information, please visit www.bigv.com.
About Smith Gambrell Russell
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The Firm’s 270 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction, employment law, and employee benefits and executive compensation. Founded in 1893, SGR has offices in Atlanta, Austin, Charlotte, Chicago, Jacksonville, London, Los Angeles, Miami, New York, Southampton, and Washington, D.C.