Big Box Phoenix Market Added 40 New Vacancies in 2024 As 2024 came to a close, the Velocity Retail Group team wrapped up our annual big box analysis which is a thorough review of every big box greater than 10,000 square feet. Teams drive the entire market to ensure accurate information. The study revealed 40…
Velocity Retail Group is thrilled to announce the grand opening of the 23rd Hobby Lobby store in Arizona, located at 1727 W. Bethany Home Road, Phoenix. This new 60,000 square foot store offers a vast selection of arts, crafts, home décor, and school supplies, making it a one-stop-shop for all your creative and practical needs. Positioned next to the recently opened Burlington Stores and surrounded by major tenants like Harkins Theater and Target, this Hobby Lobby is set to become a central hub for local shoppers. Read on to discover more about this exciting addition to Phoenix’s retail landscape and the dedicated team behind its success!
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 Arlia…
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 Irvington…
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 slated…
Velocity Retail Group is pleased to announce the grand opening of American Furniture Warehouse at Christown Spectrum Mall located at 1755 West Bethany Home Road in Phoenix, Arizona. Velocity Retail Group’s Darren Pitts represented American Furniture Warehouse which is based in Englewood, Colorado in the 149,609 square foot lease. The landlord, Christown 1755, LLC, an…
The 2021 Best of NAIOP awards ceremony honors the past year’s most successful people, companies and projects within the Arizona commercial real estate industry. Over 1,000 commercial real estate professionals attended the event at the Arizona Biltmore on June 9th. Velocity Retail Group’s Dave Cheatham and Darren Pitts received the Retail Broker of the Year…
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Velocity Retail Group completed the $2,876,000 NNN investment sale of two ground leased properties at the Heritage Square shopping center in Queen Creek. The parcels are located at the southeast corner of Rittenhouse Road and Ellsworth Road in Queen Creek. The shopping center is a joint venture between Wadsworth Development Group and Accelerated Development Services…
Velocity Retail Group’s Brian Gast, Senior Vice President represented the landlord, DTL-SGW, LLC in negotiating a 23,586 square foot Michaels Store in a former Best Buy, located at 1628 S. Signal Butte Road in Mesa, Arizona. “Superstition Gateway is situated at Signal Butte and the U.S. 60 and is perfectly positioned to serve the east…