years of excellence
Pederson’s wide array of centers feature upscale and enjoyable environments for shoppers, and high-profit opportunities for its growing assortment of retail tenants.
Developing, revitalizing, leasing & managing quality grocery anchored shopping centers
With 27 retail properties totaling more than 5,000,000 square feet, Pederson provides multiple leasing opportunities for national, regional and local retailers.
Building Positive Community Assets
Through the years, The Pederson Group has been widely recognized for its professional expertise in creating and managing grocery-anchored developments that create jobs, revitalize neighborhoods and make positive contributions to Arizona’s overall economy.
Specifically designed to complement the neighborhood or trade area in which they are located, these retail developments often incorporate public contributions such as art work, public gathering places, entertainment venues, and other nuances that add to the retail shopping environment and become positive public assets.
One of the company’s specialties is integrating retail projects into upscale master-planned residential communities. Located in several of the Valley’s higher income areas, these retail centers require a great deal of neighborhood involvement and cooperation before construction is even initiated. Placing a high priority on providing high-quality retail services without being intrusive to the community, The Pederson Group’s senior management team works closely with local officials and civic leaders, community developers and nearby residents to make certain that each center meets the needs of its most important constituents – the residents of the trade area.
Active Pederson Projects Property developed by Pederson Inc.
Shopping center developer plans residential, retail in north Phoenix09-26-2018Corina Vanek – Reporter, Phoenix Business Journal
Group will partner with multifamily developer for part of the project
The Pederson Group, a Phoenix-based developer known for shopping centers, is looking to branch into a new arena with a 23-acre purchase of state land near Happy Valley Road and 35th Avenue.
Jim Pederson, founder and chairman of Phoenix-based Pederson, said the company is looking to develop a mixed-use project, with residential, retail and restaurant space. Pederson spent $7.2 million on the land at the auction, more than $2.5 million above the appraised value of the parcel.
“We’ve never incorporated a housing element into any of our shopping centers,” Pederson told Phoenix Business Journal. The company will partner with a multifamily developer for the residential portion and will develop the commercial portion on its own.
The retail section of the project will cost between $7 million and $8 million, Pederson said, though cost for the multifamily portion will be determined by the scope of the project.READ MORE