Big Box

Sep 2018

Velocity Retail Group Leases 55,000 SF Big Box in Phoenix

2021-03-09T09:52:45-07:00

Velocity Retail Group’s Brian Gast, Senior Vice President represented the landlord, Fortis Development in negotiating a 55,000 square foot VASA Fitness in a former Safeway grocery store at 3131 E. Thunderbird Road in Phoenix. Russ Posorske, founder of Fortis Development commented on the transaction, “The Safeway center was put on the market when

Velocity Retail Group Leases 55,000 SF Big Box in Phoenix2021-03-09T09:52:45-07:00

Velocity Retail Hosts NAIOP Arizona Retail Education Event

2021-03-09T09:56:17-07:00

Velocity Retail Group produced and hosted an educational event for NAIOP Arizona Chapter members and guests to provide an overview of the retail real estate market in Phoenix. Darren Pitts, Executive Vice President and Board Member for NAIOP Arizona moderated the event. Darren is the first retail-focused Board member for NAIOP

Velocity Retail Hosts NAIOP Arizona Retail Education Event2021-03-09T09:56:17-07:00

Industry Veteran, Mark Villalpando to Launch Management Services Division

2021-03-09T09:59:57-07:00

Velocity Retail Group announces the hiring of Mark Villalpando as Senior Vice President and Designated Broker of the firms newly launched Velocity Management Services division. The division will work with our new and existing clients to maximize property value and investment returns. In addition, Mark will be the Senior Vice President

Industry Veteran, Mark Villalpando to Launch Management Services Division2021-03-09T09:59:57-07:00

Aug 2018

Life Time Athletic Lands at Biltmore Fashion Park

2021-03-09T10:04:51-07:00

Darren Pitts, Executive Vice President of Velocity Retail Group represented Life Time Athletic in an 80,000 square foot lease at Biltmore Fashion Park at Camelback Road and 24th Street in Phoenix, Arizona. The club is expected to open in the fall of 2019. It is currently under construction on the east

Life Time Athletic Lands at Biltmore Fashion Park2021-03-09T10:04:51-07:00

Velocity Leases Another Big Box and Attends Grand Opening for Goodwill in Chandler

2021-03-09T10:07:58-07:00

Darren Pitts, Executive Vice President at Velocity Retail Group and Dave Cheatham, President at Velocity finalized the 23,975 square foot lease for Goodwill at the southeast corner of Ray and Rural Roads in Chandler. This transaction represents another big box leased by the Velocity Retail team. The space was a

Velocity Leases Another Big Box and Attends Grand Opening for Goodwill in Chandler2021-03-09T10:07:58-07:00

Jul 2018

Phoenix Retail Market Returns to Pre-Recession Levels

2022-09-12T13:12:24-07:00

It has been a long ten years, but the vacancy rate for the Phoenix retail market has returned to levels not recorded since 2008. As of the second quarter 2018 the vacancy rate is 7.8%. Compared to 2008 when the vacancy was 7.9%. This improvement is remarkable as our market still

Phoenix Retail Market Returns to Pre-Recession Levels2022-09-12T13:12:24-07:00

Old Navy Expands in Queen Creek with 20th Store in Arizona

2021-03-09T10:16:48-07:00

Dave Cheatham, President, Darren Pitts, Executive Vice President and Bonnie Arlia, Senior Vice President of Velocity Retail Group recently finalized a lease of 12,500 square feet on behalf of Old Navy.  The new store will be located in the Queen Creek Marketplace shopping center located at the southwest corner of Rittenhouse

Old Navy Expands in Queen Creek with 20th Store in Arizona2021-03-09T10:16:48-07:00

Nov 2017

Velocity Retail Leases Vacant Big Box to Planet Fitness in Surprise, AZ

2021-03-09T10:33:46-07:00

Velocity Retail Group recently finalized another big box transaction in a former Henry’s Market at the southwest corner of Bell Road and Reems Road in Surprise, Arizona. Planet Fitness will occupy the 27,059 square foot space and be the 22nd store in the Arizona market for the chain.  Darren Pitts, Executive Vice

Velocity Retail Leases Vacant Big Box to Planet Fitness in Surprise, AZ2021-03-09T10:33:46-07:00

Velocity Retail Helps Old Navy and Athleta Expand in Arizona

2018-02-27T14:50:20-07:00

Velocity Retail Group recently finalized two separate transactions with Old Navy and Athleta, which are part of Gap, Inc. Brands.  Dave Cheatham, President and Darren Pitts, Executive Vice President for the firm have represented this retailer for over two decades in the Arizona Market. Athleta currently has over 130 stores across the

Velocity Retail Helps Old Navy and Athleta Expand in Arizona2018-02-27T14:50:20-07:00

Oct 2017

Vacant Fry’s Grocery in Phoenix Leased to Marshalls & Michaels

2021-03-16T09:21:55-07:00

Velocity Retail Group has leased a vacant Fry’s Food & Drug store at the southeast corner of Bell Road and 7th Street.  The Fry’s expanded and relocated further east along Bell Road earlier this year.  The 48,000 square foot vacant big box will be split to accommodate two national retailers.  Marshalls will occupy 23,475 square feet

Vacant Fry’s Grocery in Phoenix Leased to Marshalls & Michaels2021-03-16T09:21:55-07:00