A Sikh immigrant who emigrated to Canada alone as a teenager and built a business career in Vancouver has acquired a Surprise shopping center and adjacent land for $12.5 million.
Kulwant Sarai’s Imman Enterprises LLC has acquired the Marley Park Plaza shopping center for $11.7 million and an adjoining parcel for $750,000. He hopes to develop another 16,700 square feet of retail space on that land. The shopping center is located at Waddell and Reems roads in the West Valley. The existing center totals just over 77,500 square feet.
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