Velocity Retail Group recently completed over 30 transactions totaling nearly 1 million square feet of retail space, land and big boxes. Following are a few highlights of some of the activity: Velocity recently completed its 3rd new location for Kay Jewelers in Arizona. Dave Cheatham, Darren Pitts and Morgan Danhoff represent Signet, which includes the…
Velocity Retail Group’s Brian Gast has leased a 37,343 square foot vacant big box to Lina Home Furnishings. This will be the 4th location in the Valley for this successful furniture chain. The store is located at the southwest corner of Ray Road and 48th Street in the Ahwatukee Foothills Towne Center in Phoenix, Arizona.…
Velocity Retail Group has sold a vacant Fry’s Food & Drug store at the southwest corner of Apache Trail and Idaho in Apache Junction. Fry’s recently expanded and relocated to the northeast corner of the same intersection with a new Marketplace concept. The 62,602 square foot vacant big box was purchased by Simon CRE and…
Velocity Retail Group has announced that Brad Ranly has been hired to launch their Land Practice Group effective immediately. Ranly previously worked with Land Advisors Organization and most recently, Marcus & Millichap where he focused on site selection services for commercial land. His experience in working with development companies, investors, the public sector and medical…
Velocity Retail Group is expanding by opening an office in southern Arizona. The new Tucson office is located at 6061 E. Grant Road effective January 3, 2018. The office will be lead by Brian Harpel, Senior Vice President and Associate Broker for the new office. This is the second office for Velocity Retail Group which…
Velocity Retail Group completed the investment sale of a multi-tenant retail building at 7650 West Bell Road in Glendale, Arizona. The building was a joint venture between Wadsworth Development Group and Accelerated Development Services who purchased and redeveloped the building in 2016. The building was originally built in 1994 as a Just for Feet shoe…
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 President and Brian…
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…
Velocity Retail Group’s Darren Pitts represented At Home in the purchase of 8.54 acres in the San Tan Pavilions shopping center located at the southwest corner of Williams Field Road and San Tan Village Parkway in Gilbert, Arizona. The seller of the property was San Tan AZ, LLC, an entity controlled by Intercapital Development, Inc. based in…
Velocity Retail Group’s Dave Cheatham represented Hobby Lobby Stores, in a lease at the Scottsdale 101 shopping center located at the northwest corner of Mayo Boulevard and Scottsdale Road. The 57,500 square foot store is expected to open in the first quarter of 2018. The store will be adjacent to a newly designed Ashley Furniture…