It was a standing room only crowd of over 80 attendees for Velocity Retail Group’s 2019 Retail Forecast event. Shopping center owners, developers, investors and retailers came to hear firsthand the state of the retail market in Phoenix and what is trending with retailers this year and into the
About Bonnie ArliaSince joining Velocity Retail Group in 2000, Bonnie has become a leading resource for our clients in the areas of transaction management, market plan implementation, real estate committee approval and space delivery coordination. She dedicates herself to supporting retail clients in all aspects of their real estate expansion process. Recently, her role has expanded and she is also leading our corporate marketing, business development, public relations and social media initiatives.
Darren Pitts of Velocity Retail Group and Bob Crum of Ross Brown Partners represented the Seller in a multi-property investment sale that included four individual La-Z-Boy Showrooms throughout Arizona. The Seller was Edward O. Breunig, III an independent dealer whose company EBCO, Inc. built the largest volume licensee stores within
Velocity Retail Group’s Darren Pitts, Executive Vice President, represented At Home (NYSE: HOME) in the purchase of 5.88 acres of land in The Groves shopping center located at the northwest corner of Elliot Road and Hardy Drive in Tempe, Arizona. Existing tenants in the shopping center include Wal-Mart Supercenter, Ross
Ashley HomeStore held their grand opening for the newest Arizona location at 3090 Gateway Boulevard in Prescott. The 42,000 square foot store welcomed a crowd of eager shoppers after the ribbon cutting. The location is immediately adjacent to Prescott Gateway, the area’s only enclosed regional mall. Darren Pitts of Velocity
Velocity Retail Group recently finalized the first two ground leases for Valvoline Instant Oil Change™ as part of their new market expansion into the Phoenix metroplex and the State of Arizona. The company is the second largest quick lube chain in the U.S. with currently 1,150+ locations in 46 states.
Velocity Retail Group’s Investment Division Completes $2.876 MM Sale of Wendy’s and Wienerschnitzel Ground LeasesBonnie Arlia2018-10-25T13:23:19-07:00
Velocity Retail Group completed the $2,876,000 NNN investment sale of two ground leased properties at the Heritage Square shopping center in Queen Creek. The parcels are located at the southeast corner of Rittenhouse Road and Ellsworth Road in Queen Creek. The shopping center is a joint venture between
The Philanthropy Committee at Velocity Retail was back in action last week with a visit to Feed My Starving Children (FMSC) – a Christian non-profit that provides nutritionally complete meals to malnourished children worldwide. A group of Velocity Retail members and their family spent the afternoon packing meals for FMSC. Clint Palmer, a Development
Velocity Retail Group’s Brian Gast, Senior Vice President represented the landlord, DTL-SGW, LLC in negotiating a 23,586 square foot Michaels Store in a former Best Buy, located at 1628 S. Signal Butte Road in Mesa, Arizona. “Superstition Gateway is situated at Signal Butte and the U.S. 60 and is perfectly positioned
Velocity Retail Group’s Brian Gast, Senior Vice President represented the landlord, Fortis Development in negotiating a 55,000 square foot VASA Fitness in a former Safeway grocery store at 3131 E. Thunderbird Road in Phoenix. Russ Posorske, founder of Fortis Development commented on the transaction, “The Safeway center was put on the market when
Velocity Retail Group produced and hosted an educational event for NAIOP Arizona Chapter members and guests to provide an overview of the retail real estate market in Phoenix. Darren Pitts, Executive Vice President and Board Member for NAIOP Arizona moderated the event. Darren is the first retail-focused Board member for NAIOP