Darren Pitts of Velocity Retail Group and Aaron Hodgdon of Hodgdon Group Realty represented the tenant in the transaction. Ryan Desmond from Western Retail Advisors represented the Landlord, STORE Capital.
“Ashley HomeStore continues to expand their footprint and market share across the Arizona marketplace with their 13th location in the state,” Darren Pitts, Executive Vice President of Velocity Retail commented, “This is a very visible location along Highway 69 in the Prescott market and is well-located to readily serve customers from Prescott, Prescott Valley, Chino Valley, as well as several smaller surrounding communities.”
The team is working on additional locations throughout the Phoenix metropolitan area on behalf of Ashley HomeStore.
The Ashley HomeStore in Prescott is projected to open in the 1st Quarter of 2019.
This transaction is one of nearly two dozen big box deals completed by Velocity Retail Group this year. The firm continues to lead the retail market in big box leasing and sales and looks forward to continuing to serve its expanding retailers at the highest level.