Grossman Company Properties entered the Phoenix real estate market with the purchase of Chris-Town Mall in the early 1960s. Grossman later acquired Biltmore Fashion Park and began a complete transformation of the center by tripling its size and creating a more pedestrian-friendly outdoor experience for the shopper. Since that time, Grossman has owned and operated more than 7 million sq. ft. of super regional malls, open-air specialty centers, upscale boutique shopping centers, neighborhood and power centers.
Specializing in the redevelopment of shopping centers through expansions and renovations, Grossman became well known by major retailers for its ability to improve the sales performance and enhance the tenant mix. Grossman further solidified its reputation as a leader and innovator in the retail industry by negotiating and completing the first in-line Wal-Mart Super Center and the first in-line Costco Wholesale to anchor an enclosed regional mall. In addition, Grossman added a second-floor movie theatre, making it the first of its kind.
In the late 1970s, Grossman purchased the 200-acre, mixed-use Park Central Dallas project in Texas and has gone on to own, develop and manage approximately 8 million sq. ft. of high-rise, mid-rise, garden and build-to-suit office space in Arizona, Texas and Idaho. GCP has concentrated its efforts on the renovation and expansion of existing projects and ground-up construction of new office buildings.
- 265,600 sq. ft. Office Complex
- 16-story High-rise Office Tower
- Two-story 17,300 sq. ft. Garden Building
- Six-story Parking Garage
Constructed in 1981, the complex was primarily occupied by Southwest Savings and Loan until 1989, when the property fell to 35% occupancy following a takeover by the Resolution Trust Corporation. Prior to selling the project in 2006, Grossman renovated the office complex, creating an open-air feel with spectacular views from almost every location in the building. Within two years, the office complex was 93% leased, filled primarily with strong professional firms.
Despite this exceptionally high occupancy, Grossman undertook another renovation phase. This modernization effort entailed a redesign of the exterior, adding an inviting pedestrian focus to the property. The expanded glass-enclosed lobby, updated elevator cabs and newly appointed restrooms also added to the building’s more contemporary look and feel.
Park Central Dallas
- 4 million sq. ft. of Office Buildings
- Sheraton Park Central Hotel
- Marriott Park Central Hotel
- Executive Restaurants and Clubs
- Park Central Athletic Club
- Medical City Dallas
- Olla Podrida Center
Biltmore Fashion Park
In 1986 the center was again expanded with the construction of a two-level, 64,000 sq. ft. mall addition that focused on exclusive restaurant tenants. By 1991, additional modifications were completed and a three-level expandable parking pavilion was added bringing the total gross leasable area to 675,000 sq. ft.
During Grossman’s ownership, Biltmore Fashion Park achieved a reputation as an outstanding dining destination as evidenced by the success of Oscar Taylor’s, RoxSand Transcontinental Cuisine, Steamers Genuine Seafood and Ayako of Tokyo. Biltmore Fashion Park continues to boast an impressive tenant mix of many high-end and one-of-a-kind retailers. Because of the exceptionally high sales per square foot achieved at Biltmore, its success and reputation are known industry-wide.
Chris-Town Spectrum Mall
Town & Country Shopping Center
Grossman directed the initial development phase including several of the off-site utility projects and working with ADOT on the entitlement, design and construction of the freeway and on/off ramp work necessary to integrate the site into the freeway system. The center differs from the typical regional mall in a number of respects. Arizona Mills offers between 12 and 15 anchor tenants along with 150 to 200 specialty shops – a unique tenant mix. While the main attraction continues to be the value-based retailers, the pleasant experience of shopping is reinforced by the dynamic and interactive design, several restaurants and entertainment venues.