Ashley Outlet recently celebrated their grand opening for a 18,283 square foot store at the Promenade at Casa Grande, 1005 N. Promenade Parkway, #105 Casa Grande, Arizona. This is the 17th Ashley HomeStore in Arizona. The Landlord, Lamar Companies from Fairfield, New Jersey are the owners of the shopping center. Darren Pitts and Bonnie
Velocity Retail Group has recently completed the purchase of a 39,841 SF parcel for their client ICAP Development, LLC. ICAP is a preferred developer for La-Z-Boy which intends to open their 3rd store in the Tucson market at this location. The parcel is located at The Landing at the NWC of Interstate 19 and
Velocity Retail Group, along with Riverway Retail have recently negotiated a new 55,000 square foot lease for Hobby Lobby at Queen Creek Crossing located at the northwest corner of Queen Creek Road and Ellsworth Road in Queen Creek. The newly constructed shopping center will be anchored by Queen Creek’s first Costco store, which is
Darren Pitts of Velocity Retail Group and Bob Crum of Ross Brown Partners represented the Seller in a two-property sale leaseback of La-Z-Boy Showrooms in Georgia and Tennessee. The Seller is AFG-Alpharetta, LLC and AFG-Knoxville, LLC both Georgia limited liability companies managed by Thomas DeGoey one of the largest volume licensees within the La-Z-Boy
Banana Republic, LLC a brand of Gap Inc. will open a 5,500 square foot store at the Shops at Town & Country which is located at the southeast corner of Camelback Road and 20th Street Street in Phoenix on November 6th. Velocity Retail Group’s Dave Cheatham, Darren Pitts & Bonnie
Velocity Retail Group announces two industry veterans have joined the firm's Investment Advisory Group. Greg Abbott, Vice President, formerly with CBRE has 27 years of Metro Phoenix retail real estate industry experience. Mike Duffy, Vice President, most recently with ORION Investment Real Estate has 25 years of experience. Working in
The Past, Present & Future of Retail Five retail industry icons spoke during an engaging presentation to discuss how retail has evolved in Phoenix from the 1960s through today. Dave Cheatham, President, and Darren Pitts, Executive Vice President of Velocity Retail Group lead the group which spoke to the 100+ attendees. Panel members were:
We just concluded a successful Phoenix Retail Interface event produced by France Media. Velocity Retail Group's Dave Cheatham was featured on the Investments and Capital Markets panel with five other experts in their field. John Lotardo, Senior Vice President of Commonwealth Land Title Company, moderated the lively discussion. Dave was
Commercial retail veteran Rick Francis has joined Velocity Retail Group as a Vice President for the firm. As a top producer in the retail arena, Rick has a deep background that is focused on servicing the needs of retail shopping center owners, retailers and investors. He has established a reputation
Velocity Retail Group Investment Division completed the $2,200,000 NNN investment sale of a 2,400 square foot Starbucks store at The Crossing at Sahuarita shopping center south of Tucson, Arizona. The building is located at 18729 S Nogales Highway in Sahuarita, Arizona and recently opened for business in April of 2019. Velocity
