Velocity Retail Group’s Brian Gast, Senior Vice President represented the buyer in the $8.3MM investment sale of Mountain View Marketplace, located at 3131 E. Thunderbird Road in Phoenix. Fortis Development, LLC of Arizona purchased the center which totals approximately 172,000 square feet. The Seller was Mountain View Shopping Plaza, L.P.
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
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
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