Westwood Financial Welcomes The Italiano
In an exciting development for the Scottsdale community, Westwood Financial, a premier retail real estate investment firm, has announced the grand opening of The Italiano at Mercado del Rancho. This 89,506-square-foot shopping center features a variety of tenants and is anchored by Sprouts. Since acquiring the property, Westwood has adeptly repositioned it to 100% leasing capacity, showcasing a vibrant tenant mix.
A Culinary Gem by Chef Joey Maggiore
The Italiano, founded by the renowned Chef Joey Maggiore, promises to elevate the dining landscape in the area. Chef Joey's vision aligns with creating a modern Italian dining experience that thrives on authenticity. The restaurant boasts an upscale design reminiscent of Las Vegas and serves an indulgent menu filled with in-house made pastas and premium steaks, along with a selection of Italian classics. A unique feature of The Italiano is its roaming antipasto cart, showcasing a delightful array of antipasto offerings highlighting Italian culinary traditions.
A Commitment to Culinary Excellence
Expressing his excitement, Chef Joey stated, "We are proud to debut our latest concept at Mercado del Rancho, which represents the culmination of a two-year renovation and design project to transform the space into a modern and cozy venue. The Italiano is more than just a dining destination; it embodies our passion for food and community." This sentiment resonates deeply with the community, as The Italiano aims to be a gathering spot for both locals and visitors.
Mercado del Rancho: A Community Hub
As a well-respected staple of the community, Mercado del Rancho attracts approximately 3 million visitors each year. The center is home to a strong national tenant base, featuring popular brands like Sprouts, Starbucks, and Chipotle, in addition to beloved local businesses. The center fulfills a variety of shopping and service needs, making it an essential part of daily life for Scottsdale residents.
Legacy of Dining and Community Engagement
David Mitroff, senior regional leasing director at Westwood Financial, reflects on the legacy behind The Italiano, mentioning his fond memories of collaborating with Tomaso Maggiore. He emphasizes the commitment of the Maggiore family to deliver exceptional dining experiences. "The Italiano embodies this commitment," he remarked, celebrating the rich cultural heritage associated with Italian dining.
Expanding Footprint in the Phoenix Market
Westwood Financial continues to expand its presence, recently acquiring Paradise Hills in Phoenix, a retail center that spans 83,787 square feet with a robust tenant mix. This latest addition brings the total number of centers managed by Westwood in the Phoenix-Scottsdale area to 16, including prominent centers like Camelback Village and Legacy Village.
Focus on Customer Experience
Lauren Ball, the chief operating officer at Westwood Financial, emphasized the commitment to curating a retail mix that caters to diverse consumer bases: "The Italiano offers a vibrant new dimension to Mercado del Rancho, promising a memorable experience for the Scottsdale community." The firm aims to create spaces where consumers feel welcomed and engaged.
A Bright Future Ahead
Westwood Financial is set to celebrate a notable milestone in 2025—its 55th anniversary. The company currently owns and manages over 125 properties nationwide, marked by an impressive 97% occupancy rate in its portfolio. With a commanding presence in the Sunbelt region, Westwood Financial is positioned for continued growth and success.
Frequently Asked Questions
What is The Italiano?
The Italiano is a new Italian restaurant located at Mercado del Rancho, created by Chef Joey Maggiore, featuring a unique dining experience.
Who is Chef Joey Maggiore?
Chef Joey Maggiore is a celebrated culinary figure known for his successful restaurant concepts such as Hash Kitchen and The Sicilian Butcher.
What makes The Italiano unique?
The Italiano stands out for its upscale design and interactive dining experience, including a roaming antipasto cart.
What other tenants are at Mercado del Rancho?
Mercado del Rancho hosts a variety of national and local tenants, including Sprouts, Starbucks, and Chipotle, providing a one-stop shopping experience.
How many centers does Westwood Financial manage?
Westwood Financial manages over 125 properties across the United States, focused primarily in top metropolitan markets.
