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…
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…
Velocity Retail Group Investment Division completed the $5,700,000 NNN investment sale of a 25,000 square foot Goodwill of Central Arizona store at the Heritage Square shopping center in Queen Creek. The shopping center is located at the southeast corner of Rittenhouse Road and Ellsworth Road in Queen Creek. The project is a joint venture between…
Velocity Retail Group’s Dave Cheatham, Darren Pitts, and Morgan Danhoff represented California Fish Grill in a 3,183 square foot location at Mesa Grand, located at the southeast corner of the U.S. 60 Freeway and Stapley Drive in Mesa. The Landlord is Mesa Grand/Spectrum, LLC, an entity controlled by DSW Commercial Real Estate of Tucson, AZ.…
Velocity Retail Group’s Dave Cheatham and Darren Pitts represented Banana Republic, LLC, a brand of Gap Inc in a 5,500 square foot location at the Shops at Town & Country, located at the southeast corner of Camelback Road and 20th Street. The Landlord, Town and Country Camelback, LLC was represented by Mike Kallner of RED…
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Velocity Retail Group’s Dave Cheatham, Darren Pitts, Brian Gast, and Brad Ranly represented the landlord, FAE Ray & Rural, LLC in a 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 building, Wadsworth Development Group in a joint venture partnership…
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…