It was a standing room only crowd of over 80 attendees for Velocity Retail Group’s 2019 Retail Forecast event. Shopping center owners, developers, investors and retailers came to hear firsthand the state of the retail market in Phoenix and what is trending with retailers this year and into the future. Darren Pitts, Brian Gast, and…
Ashley HomeStore has closed escrow on 3.2 acres land at the southwest corner of Williams Field Road and San Tan Village Parkway in Gilbert, Arizona. Ashley will construct a new prototypical HomeStore of approximately 38,000 square feet on the parcel. This will be the 14th Ashley HomeStore in Arizona. Darren Pitts of Velocity Retail Group…
Darren Pitts of Velocity Retail Group and Bob Crum of Ross Brown Partners represented the Seller in a multi-property investment sale that included four individual La-Z-Boy Showrooms throughout Arizona. The Seller was Edward O. Breunig, III an independent dealer whose company EBCO, Inc. built the largest volume licensee stores within the entire La-Z-Boy network over…
Brian Gast of Velocity Retail Group represented the Tenant, Central Christian Church in a 17,200 square foot least in Royal Palms Plaza located at the southeast corner of Elliot Road and McClintock Road in Tempe, Arizona. The Landlord was Michael Pollack of Pollack Investments, Mesa, Arizona The church signed a ten-year lease in the…
Darren Pitts, Brian Gast and Brad Ranly of Velocity Retail Group represented the Landlord, C & H Development Company in a 14,412 square foot lease at Scottsdale Commons shopping center located at the southwest corner of Shea Boulevard and Scottsdale Road. Kitchen United, Inc. will be occupying the vacant space adjacent to BevMo. The tenant…
Brian Gast has been promoted to Executive Vice President and Principal at Velocity Retail Group. Brian started with Velocity Retail in 2014 and has been one of the top performers every year since he joined the firm. For 2018, he achieved the status of a million dollar producer for the second consecutive year. “Brian continues…
Velocity Retail Group’s Darren Pitts, Executive Vice President, represented At Home (NYSE: HOME) in the purchase of 5.88 acres of land in The Groves shopping center located at the northwest corner of Elliot Road and Hardy Drive in Tempe, Arizona. Existing tenants in the shopping center include Wal-Mart Supercenter, Ross Dress for Less, PetSmart and…
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. a California limited partnership. The…
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 Retail Group and Aaron Hodgdon…
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 is representing…