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 Arlia represented Banana Republic in the transaction. They will join their sister company Athleta, which opened in the project during the fall of 2017, and was also finalized by the Velocity Retail team.
These two stores are part of Gap’s off-mall initiative to bring their traditional mall-only concepts into locations where shoppers frequent for daily needs, discount and specialty stores. “This is the third Gap concept we have brought to the intersection. Twenty-five years ago when Old Navy was first launched by Gap, we found the real estate for their second national location at the Colonnade Mall across the street,” said Dave Cheatham, President of Velocity Retail Group. Town & Country Shopping Center is iconic and unique to the Valley and Banana Republic and Athleta are complementary additions to the tenant mix which includes Nordstrom Rack, Trader Joe’s, F-21, Snooze and Hopdoddy to name a few.