Far North Shopping Center Completes 14,000-Square-Foot Addition.
Located in New Mexico’s largest city, Albuquerque, Far North Shopping Center is optimally positioned right off the I-25 Freeway at the corner of San Mateo Boulevard and Academy Road (80,000 cars per day). Servicing a trade area of 100,000 residents within three miles, Far North has a strong inline tenant mix and attracts visitors, business people and neighborhood residents.
In 2003 Vintage purchased the Far North Shopping Center. At the time of the purchase, the center was 30% vacant and within 24 months, the center was fully leased.
Far North Shopping Center was fully renovated in 2004, which included a new digital time and temperature sign providing exposure to the anchor tenants. The new 14,000 square-foot expansion is fully leased to Charter Fitness (57 locations) and Kelly’s Liquor (11 locations). The expansion is part of a long-term vision for the property focused on being a gathering place for the community with a collection of shopping and dining experiences.
Far North anchors include Sunflower Farmers Market (growing regional grocer with 31 stores operated by former Wild Oats founder), PetCo, Dollar Tree, Charter Fitness, and Tuesday Morning. The center is also occupied by several national credit tenants including McDonalds, GNC, Hertz, RadioShack, T-Mobile, Firestone, Sally Beauty, Wienerschnitzel, The Village Inn and Citi Financial.