Press Release

Dec 2017

Velocity Retail Group’s Investment Division Completes $7.1MM Sale

2021-03-09T10:29:12-07:00

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

Velocity Retail Group’s Investment Division Completes $7.1MM Sale2021-03-09T10:29:12-07:00

NAIOP Arizona Board Elects New Officers and Members for 2018

2021-03-09T10:30:57-07:00

Phoenix, Ariz. (Nov. 30, 2017) - The Arizona chapter of NAIOP, the commercial real estate voice for the state, elected its 2018 officers and board members at its October 19 board meeting. 2018 NAIOP-AZ officers are Chairman of the Board, Andrew Cheney, Lee & Associates Arizona; Vice Chairman, Molly Carson, Ryan Companies US, Inc.;

NAIOP Arizona Board Elects New Officers and Members for 20182021-03-09T10:30:57-07:00

Nov 2017

Velocity Retail Leases Vacant Big Box to Planet Fitness in Surprise, AZ

2021-03-09T10:33:46-07:00

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

Velocity Retail Leases Vacant Big Box to Planet Fitness in Surprise, AZ2021-03-09T10:33:46-07:00

Velocity Retail Helps Old Navy and Athleta Expand in Arizona

2018-02-27T14:50:20-07:00

Velocity Retail Group recently finalized two separate transactions with Old Navy and Athleta, which are part of Gap, Inc. Brands.  Dave Cheatham, President and Darren Pitts, Executive Vice President for the firm have represented this retailer for over two decades in the Arizona Market. Athleta currently has over 130 stores across the

Velocity Retail Helps Old Navy and Athleta Expand in Arizona2018-02-27T14:50:20-07:00

Heather Prinsloo Promoted to Associate

2021-03-02T12:01:36-07:00

Velocity Retail Group recently promoted Heather Prinsloo to Associate, Marketing Coordinator for their Corporate Services Division.  She started with the company in August of 2015. This new role will expand Heather’s client services responsibilities by working closely with Dave Cheatham and Darren Pitts and providing support for our key-client accounts and making certain that crucial

Heather Prinsloo Promoted to Associate2021-03-02T12:01:36-07:00

Oct 2017

Velocity Retail Group Broadens Investment Division with Eli Castronova

2021-03-09T11:35:51-07:00

Velocity Retail Group welcomes Eli Castronova to the organization as a Senior Vice President for Investments & Capital Markets. His nearly two decades of extensive experience and accomplishments within the investment arena, successfully securing debt and equity financing for a variety of projects, and development services compliment the current offerings within Velocity Retail. Eli’s

Velocity Retail Group Broadens Investment Division with Eli Castronova2021-03-09T11:35:51-07:00

Vacant Fry’s Grocery in Phoenix Leased to Marshalls & Michaels

2021-03-16T09:21:55-07:00

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

Vacant Fry’s Grocery in Phoenix Leased to Marshalls & Michaels2021-03-16T09:21:55-07:00

Jul 2017

At Home to Open 108,000 SF Store in Gilbert, Arizona

2021-03-02T12:12:21-07:00

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

At Home to Open 108,000 SF Store in Gilbert, Arizona2021-03-02T12:12:21-07:00

May 2017

Hobby Lobby to Open at Scottsdale 101

2021-12-23T10:27:32-07:00

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

Hobby Lobby to Open at Scottsdale 1012021-12-23T10:27:32-07:00

Nov 2016

Announcement: Old Navy to Open at Scottsdale Promenade

2021-03-02T12:27:52-07:00

Velocity Retail Group’s Darren Pitts and Dave Cheatham represented Old Navy (a division of Gap, Inc.), in a lease at the Scottsdale Promenade shopping center located at the southeast corner of Frank Lloyd Wright and Scottsdale Road.  The 11,008 square foot store is celebrating their grand opening beginning November 9, 2016.   The shopping

Announcement: Old Navy to Open at Scottsdale Promenade2021-03-02T12:27:52-07:00