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6 Nov, 2018

Valvoline Instant Oil Change Enters Arizona Marketplace

2018-11-06T11:22:21+00:00

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.

Valvoline Instant Oil Change Enters Arizona Marketplace2018-11-06T11:22:21+00:00
25 Oct, 2018

Velocity Retail Group’s Investment Division Completes $2.876 MM Sale of Wendy’s and Wienerschnitzel Ground Leases

2018-10-25T13:23:19+00:00

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

Velocity Retail Group’s Investment Division Completes $2.876 MM Sale of Wendy’s and Wienerschnitzel Ground Leases2018-10-25T13:23:19+00:00
9 Oct, 2018

Velocity Retail’s Philanthropy Committee At Work

2018-10-25T13:23:08+00:00

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’s Philanthropy Committee At Work2018-10-25T13:23:08+00:00
24 Sep, 2018

Velocity Retail Group Leases to Michaels Stores a 23,586 SF Big Box in Mesa

2018-10-25T13:23:31+00:00

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 Leases to Michaels Stores a 23,586 SF Big Box in Mesa2018-10-25T13:23:31+00:00
17 Sep, 2018

Velocity Retail Group Leases 55,000 SF Big Box in Phoenix

2018-09-17T14:25:54+00:00

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 Leases 55,000 SF Big Box in Phoenix2018-09-17T14:25:54+00:00
17 Sep, 2018

Velocity Retail Hosts NAIOP Arizona Retail Education Event

2018-09-17T11:05:50+00:00

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

Velocity Retail Hosts NAIOP Arizona Retail Education Event2018-09-17T11:05:50+00:00
12 Sep, 2018

Industry Veteran, Mark Villalpando to Launch Management Services Division

2018-09-17T11:06:01+00:00

Velocity Retail Group announces the hiring of Mark Villalpando as Senior Vice President and Designated Broker of the firms newly launched Velocity Management Services division. The division will work with our new and existing clients to maximize property value and investment returns. In addition, Mark will be the Senior Vice President

Industry Veteran, Mark Villalpando to Launch Management Services Division2018-09-17T11:06:01+00:00
8 Aug, 2018

Life Time Athletic Lands at Biltmore Fashion Park

2018-08-08T11:39:20+00:00

Darren Pitts, Executive Vice President of Velocity Retail Group represented Life Time in an 80,000 square foot lease at Biltmore Fashion Park at Camelback Road and 24th Street in Phoenix, Arizona. The club is expected to open in the fall of 2019. It is currently under construction on the east side

Life Time Athletic Lands at Biltmore Fashion Park2018-08-08T11:39:20+00:00
6 Aug, 2018

Velocity Leases Another Big Box and Attends Grand Opening for Goodwill in Chandler

2018-09-17T11:06:16+00:00

Darren Pitts, Executive Vice President at Velocity Retail Group and Dave Cheatham, President at Velocity finalized the 23,975 square foot lease for Goodwill at the southeast corner of Ray and Rural Roads in Chandler. This transaction represents another big box leased by the Velocity Retail team. The space was a

Velocity Leases Another Big Box and Attends Grand Opening for Goodwill in Chandler2018-09-17T11:06:16+00:00
30 Jul, 2018

Phoenix Retail Market Returns to Pre-Recession Levels

2018-07-30T14:33:05+00:00

It has been a long ten years, but the vacancy rate for the Phoenix retail market has returned to levels not recorded since 2008. As of the second quarter 2018 the vacancy rate is 7.8%. Compared to 2008 when the vacancy was 7.9%. This improvement is remarkable as our market still

Phoenix Retail Market Returns to Pre-Recession Levels2018-07-30T14:33:05+00:00