Valvoline Instant Oil Change Enters Arizona Marketplace

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…

Wendy’s and Wienerschnitzel Ground Leases for $2.876 MM

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 Hosts NAIOP Arizona Retail Education Event

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 Arizona. Darren commented after…

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

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 former Fry’s grocery store. The…

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

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 Road and Ellsworth Road…

Velocity Charities Spearheads Respite Room for Teens at Maricopa County Integrated Health System

Velocity Retail Group celebrated the ribbon cutting of the “Teen Den” for the Child Life program at Maricopa County Integrated Health Systems.  The Velocity Charities Committee launched the Teen Den project about two years ago after completing a toy drive for the Child Life Program at MIHS.  Kyla Mohney, Child Life Specialist for MIHS saw…