Arizona’s culinary landscape reflects its diverse population, and in recent years, there has been a remarkable surge in the demand for ethnic foods, leading to the introduction of a variety ethnic grocery stores across the state. According to a comprehensive study conducted by the Arizona Commerce Authority, the number of ethnic food markets in the…
Located at the Goodyear Centerpointe mall at 15305 W McDowell Road in Goodyear, Arizona the 17th Hobby Lobby in Arizona opened it’s doors this past weekend! Hobby Lobby is one of the top 5 most requested retailers by the residents of Goodyear. The store spans 64,589 square feet and is stocked with thousands of items…
The same question comes up regarding tenant improvements allowance. How does the Landlord calculate the capital / tenant improvement? Improvement allowances are calculated into the lease rate and term. Amortizing capital costs into a lease involves spreading out the cost of an asset over the term of a lease. This is typically done by adding…
Velocity Retail Group is pleased to announce that Old Navy opened a 15,209 square foot location at Mariposa Mall in Nogales, Arizona. The new store opened on February 4th and is stocked with the full line of offerings for ladies, men, and children. Dave Cheatham, Darren Pitts and Bonnie Arlia from Velocity Retail Group represented…
Southern California based Lure Fish House is expanding to the State of Arizona with their first location in the popular Shops at Gainey Village. Velocity Retail Group’s Darren Pitts, Morgan Danhoff and Bret Olson are representing the tenant for their market launch. This is the fifth location for the popular restaurant. Lure Fish House is…
If you live in the Phoenix area, mark your calendars for November 5th. Nearly four years after Velocity Retail Group started working with ALDI on their Arizona market expansion, the first stores will open. The much-loved grocery chain will soon be serving customers in the highly competitive grocery sector with its first two stores in…
Caliber Collision to Roll Out New Locations in Arizona Velocity Retail Group has been selected by Caliber Collision to expand their retail platform throughout the Arizona market. With over 1,100 state-of-the-art repair centers in 37 states, Caliber Collision is the nation’s large collision repair company. The company was founded in 1997 and prides itself on…
Congratulations to American Furniture Warehouse on their most recent opening in Katy, Texas. This new store totals over 350,000 square feet, with about 150,000 square feet as a furniture showroom, the balance is the warehouse. Velocity Retail Group’s Darren Pitts began working with American Furniture Warehouse in 2015. Pitts is an executive vice president and…
Velocity Retail Group’s Darren Pitts, Executive Vice President, and Morgan Danhoff, Associate Vice President represented At Home (NYSE: HOME) in the 104,684 square foot lease in the former Target location at 5255 E. Broadway Blvd., in Tucson Arizona. At Home is holding their grand opening on January 29, 2020. “The store is located along the…
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…