Velocity Retail Group produced and hosted an educational event for NAIOP Arizona Chapter members and guests to provide an overview of the retail real estate market in Phoenix. Darren Pitts, Executive Vice President and Board Member for NAIOP Arizona moderated the event. Darren is the first retail-focused Board member for NAIOP
It has been a long ten years, but the vacancy rate for the Phoenix retail market has returned to levels not recorded since 2008. As of the second quarter 2018 the vacancy rate is 7.8%. Compared to 2008 when the vacancy was 7.9%. This improvement is remarkable as our market still
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
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
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
FRAMINGHAM, Mass, July, 2016 – X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S. and Canada, announced today that it has added two new board members. Dave Cheatham will be the new technology chair, and Sara Martin will serve as the
The 2016 Annual RED (Real Estate Development) Awards, hosted by AZRE Magazine, took place on March 3, 2016 at the JW Marriott in Desert Ridge. The annual awards honor the top broker/teams and recognize notable commercial real estate projects and transactions for the previous year. This year, the brokerage team of Dave Cheatham and Darren Pitts took
