Velocity Retail Group’s Brian Gast, Senior Vice President represented the landlord, DTL-SGW, LLC in negotiating a 23,586 square foot Michaels Store in a former Best Buy, located at 1628 S. Signal Butte Road in Mesa, Arizona.
“Superstition Gateway is situated at Signal Butte and the U.S. 60 and is perfectly positioned to serve the east Mesa trade area. In the past year we have added a 12 screen AMC Theater, Old Navy, and several supporting shops and restaurants to the center,” said Gast. The new Michael’s store is expected to open at the end of the first quarter of 2019 and is located between Kohl’s and Wal-Mart Supercenter on the north end of the center. Michaels is represented by Greg Laing and Dan Gardiner of Phoenix Commercial Advisors.
This transaction is one of over two dozen big box transactions completed by Velocity Retail Group this year. The firm continues to lead the retail market in big box leasing and sales and looks forward to continuing to serve its expanding retailers at the highest level.
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