Congratulations to American Furniture Warehouse on their most recent opening in Katy, Texas. This new store totals over 350,000 square feet, with about 150,000 square feet as a furniture showroom, the balance is the warehouse. Velocity Retail Group’s Darren Pitts began working with American Furniture Warehouse in 2015. Pitts is an executive vice president and…
Darren Pitts of Velocity Retail Group and Bob Crum of Ross Brown Partners represented the Seller in the sale of the La-Z-Boy Showroom located at 6828 East Camelback Road, adjacent to Scottsdale Fashion Square Mall. The Seller was Edward O. Breunig, III a former La-Z-Boy licensee whose company EBCO, Inc. built the largest volume licensee…
Velocity Retail Group’s Darren Pitts, Executive Vice President, and Morgan Danhoff, Associate Vice President represented At Home (NYSE: HOME) in the 104,684 square foot lease in the former Target location at 5255 E. Broadway Blvd., in Tucson Arizona. At Home is holding their grand opening on January 29, 2020. “The store is located along the…
EoS Fitness has opened their newest club in Chandler, Arizona. Velocity Retail Group’s Dave Cheatham, Darren Pitts, Brian Gast and Brad Ranly represented the Landlord, FAE Ray & Rural, LLC in the 38,253 square foot lease to EoS Fitness at the southeast corner of Ray Road and Rural Road in Chandler, Arizona. The owners of…
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: Jack…
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 joined by Bobby Khorshidi, President…
Ashley HomeStore is celebrating their grand opening of a newly constructed 38,000 square foot store at the southwest corner of Williams Field Road and San Tan Village Parkway in Gilbert, Arizona. This will be the 14th Ashley HomeStore in Arizona. Darren Pitts of Velocity Retail Group and Aaron Hodgdon of Hodgdon Group Realty represented Ashley…
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 for getting results in successfully…
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 Retail Group’s Eli Castronova,…
Old Navy recently opened their 22nd store in Arizona at Queen Creek Marketplace shopping center located at the southwest corner of Rittenhouse Road and Ellsworth Road in Queen Creek. The new store is adjacent to Target. Dave Cheatham, President, Darren Pitts, Executive Vice President, and Bonnie Arlia, Senior Vice President of Velocity Retail Group finalized…