The Daskalos Family Acquires Two Shopping Centers in Albuquerque

In June of this year the Four Hills Village shopping center was listed for sale on an online auction. Recently, the Daskalos family, one of the big league players on the local real estate and development scene, is in the final stages of acquiring it together with the Shoppes at Taylor Ranch.

In June of this year  the Four Hills Village shopping center was listed for sale on an online auction. The Daskalos family, one of the-big league players on the local real estate and development scene, is in the final stages of acquiring it as well as the Shoppes at Taylor Ranch.

The Four Hills Village shopping center encompasses 172,000 square feet and is located on the southwest corner of Central Avenue and Tramway Boulevard. The Daskalos family is represented by Lia Armstrong, a CBRE senior associate of investment properties and retail. The terms of the transaction have not been disclosed, but the starting bid was at $1.25 million on auction.com. Its current tenants include Einstein Bros. Bagels, Starbucks, and Dollar Tree. CBRE will remain on contract to find tenants for the empty spaces of the facility, reports Albuquerque Business First.

The second shopping center purchased by the prominent family is Shoppes at Taylor Ranch, a smaller one located at 4801 Montano Road NW. The 52,992-square-foot retail development spreads over 5.077 acres. Tenants at that center include Pizza Hut, Family Dollar, and State Farm Insurance.

The Daskalos family owns additional developments in Albuquerque among which are the Shops at Paseo Crossing and the restaurant Vintage 423. They are also the ones behind The Place in Nob Hill.