Three Fountains Plaza in Mesa, Arizona consists of 18,500 sf of prime retail space in two separate pad buildings adjacent to Fiesta Mall and shadow-anchored by Target. The property was acquired October 2012 from CW Capital who had previously foreclosed on the property. The buildings were 51% occupied at acquisition with Legacy adding value at closing with the signing of a 10-year lease with O’Briens Restaurant to occupy the remaining 49% of the property. Legacy joined a group of investors in providing the equity for the acquisition.
