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
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
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.;
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 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 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
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 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
