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Cypress Equities Announces Slate of New Tenants at Arizona Power Center

DALLAS (April 19, 2017) – Cypress Equities companies* (“Cypress”) today announced a number of new tenants that have recently opened or are slated to join its development known as Lake Pleasant Crossing, a 235,000-square-foot regional power center situated at the intersection of W. Happy Valley Road and N. Lake Pleasant Parkway in Peoria, a major suburb of Phoenix.

Village Inn opened a 4,441-square-foot location at Lake Pleasant Crossing earlier this year.  Since 1958, guests have visited Village Inn because they know they will enjoy great-tasting food and extra-friendly service in a clean and comfortable family environment.  Village Inn’s breakfast heritage is based on made-from-scratch buttermilk pancakes, omelets, eggs cooked any-style and a pot of hot coffee on every table with unlimited refills.  Rounding out the wholesome menu are more of the country’s favorite foods, including fresh green salads, juicy burgers, all-American sandwiches, traditional dinner entrees like chicken-fried steak and well-loved children’s items.  For dessert, guests may enjoy a wide variety of delicious pies — French silk, lemon supreme, country apple and caramel pecan silk supreme, to name just a few. 

Pet Club is a local pet food superstore offering the largest varieties of premium pet food and treats for cats, dogs, birds, small animals and equine.  Since 1982, Pet Club has been supplying Arizona with a variety of premium pet products at discount prices. The business is family-owned and –operated with more than 60 locations in Arizona and Colorado.  Pet Club opened its 5,000-square-foot store last month.

Originally from St. George, Utah, Café RioMexican Grill serves authentic dishes derived from inspired recipes and traditional cooking of Northern Mexico’s Rio Grande region, Southern Texas and New Mexico.  The chain prides itself on serving “fresh food, made fresh.”  Nothing is premade.  The restaurant’s staff begins each day hand-squeezing limes, hand-scooping avocados and simmering sauces.  With an anticipated June opening, Café Rio will occupy 2,800 square feet.     

Cricket Wireless is slated to open a 1,217-square-foot store in July.  Cricket offer consumers a simple, reliable nationwide wireless experience with no annual contract. The power of Cricket is its nationwide 4G LTE network that covers more than 319 million people, as well as affordable plan prices that include monthly taxes and fees.  Cricket is a subsidiary of AT&T Inc.

Happy Campers Pediatric Dentistry is also scheduled to open a 3,269-square-foot office in July.  The location will be served by Dr. Robert D. Matthews, DMD, PLLC. 

Pure Vanity provides modern skin and body solutions at a modern price. The spa’s innovative services include the most advanced technology available for pain-free laser hair removal, radio frequency face lifts and body contouring, LED anti-aging and anti-acne light therapy, chemical peels and results-driven facials.  The Lake Pleasant Crossing location is slated to open in August in a 1,300-square-foot shop.

From steakburgers to sundaes, Freddy’s Frozen Custard & Steakburgers makes its food fresh after guests order it to ensure it is of the utmost quality and freshness for its patrons.  Guests may select from steakburgers, veggie burgers, chicken sandwiches, hot dogs, chicken tenders and more, along with fries, chili cheese fries and onion rings.  Freddy’s is slated to open its 3,200-square-foot restaurant in November.

“Cypress Equities continues to have great success in enhancing the retail and service offerings at Lake Pleasant Crossing,” said Chris Maguire, chief executive officer for Cypress Equities. “Our team’s retail leasing strength, combined with the city’s strategic economic development plan, have allowed us to create an even more attractive destination for the residents of Peoria and beyond.”

Cypress’ in-house leasing team, along with SRS Real Estate Partners in Phoenix, oversee retail leasing for this property.


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