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 store of approximately 44,000 square feet. This will be the eleventh Phoenix area location for Hobby Lobby negotiated by Cheatham. “Hobby Lobby has expanded their store presence throughout the Phoenix area over the past several years. North Scottsdale has been underserved, and this location fills a huge void for the northeast part of the Valley. We continue to look for new opportunities throughout the Phoenix area,” said Cheatham.
Velocity Retail has worked with Hobby Lobby on their store locations in the Phoenix area since 2005. Today Hobby Lobby currently operates more than 750 locations in 47 states. The company is on track to open 60 new stores nationally this year.