Plaza Del Atlantico- Arecibo, Puerto Rico
The property is ideally situated for maximum visibility from Rt. 2, and is located less than one mile from the De Diego Highway (PR 22) which is one of the most important expressways in Puerto Rico. Prior to the construction of the De Diego Expressway, Route 2 was the primary east-west access roadways to and from the San Juan metropolitan area. Accordingly, PR 2 encircles all of the coastal communities located on the Western section of the island.
Project Description
The property’s convenient location to the area’s medical center, the Inter American University, and the primary residential areas of the Arecibo – Hatillo marketplace provide the asset with several deep customer bases. The most consistent customer characteristic is the middle-class shopper who comes to Atlantico for the purchase of their staple and value priced fashion items. Plaza del Atlantico is located in Arecibo which is situated in the northwest corner of Puerto Rico. Arecibo covers an area of approximately 127 square miles and the Greater Arecibo region covers 575 square miles. The region is conveniently serviced by Route 2 and the De Diego Expressway (PR 22). The northwest corner of Puerto Rico is predominantly manufacturing oriented, with that sector employing approximately 34% of the workforce. This region is specifically known for its pharmaceutical manufacturing and has facilitates owned by Upjohn, Pfizer Abbott, Bristol-Myers Squibb, Merck, Sharp and Dohme. These companies have utilized the region’s skilled workforce, and the regions convenient port access.