Park West Shopping Center

Velocity Retail recent August transactions

The following is a summary of recent retail transactions completed by Velocity Retail Group, LLC.

Anytime Fitness opening in northeast Phoenix
GetFileAttachment-1Michael Clark, Larry Miller and John Jackson from Velocity Retail represented the landlord, Scottsdale Land Company, LLC, an entity of Wadsworth Development, in the 5,955 square foot 10-year transaction at the northeast corner of Thunderbird and 40th Street in the Paradise Shopping Plaza. The space was formally occupied by Total Woman Gym. Anytime Fitness is represented by CBRE’s Jami Savage, the new gym is estimating a grand opening in March of 2016.

WSS Shoes opens first location in Phoenix market
Andy Kroot, Darren Pitts and Nick Ault represented WSS Shoes in the sublease of a former 12,000 square foot Shoe Carnival building. The store is located in the Mesa Ranch shopping center on the northwest corner of Southern and Stapley. Jake Schumer of HILCO represented Shoe Carnival. The planned opening of is the 3rd quarter in 2015 will mark the first expansion for WSS Shoes into the Phoenix market.

XGT Fitness by Smart Gym energizes Park West Shopping Center
The team of Michael Clark, Larry Miller, and John Jackson also represented Howard Hughes Corporation in the lease of an 8,925 square foot space to Blu Phoenix, the parent company of XGT Fitness by Smart Gym. The lease is signed for 13 years and is located at Park West on the northwest corner of Northern and the Loop 101. President of Blu Phoenix, Drew Marsh, stated that Smart Gym’s new prototype, XGT Fitness, will accommodate everyone’s fitness needs by combining group fitness classes with a complete gym. Representing the tenant was Velocity’s Larry Miller and John Jackson. The gym is set to open November of 2015.

Val Vista Towne Center to get Nature’s Health Vitamin Shoppe
Brian Gast, Larry Miller and John Jackson of Velocity Retail represented the landlord, North American Development Group in the lease of a 1,262 square foot space in Val Vista Towne Center at the southwest corner of Warner and Val Vista Roads in Gilbert . The new tenant, Nature’s Health Vitamin Shoppe, was represented by Bryant Commercial’s Jonvieve Bryant. . This five year deal is expected to open in October of 2015.

Mattress Firm adds new location in Tucson
Velocity Retail Group’s Darren Pitts and Michael Clark represented Mattress Firm in the lease of a 6000 square foot building in the Rancho Center, on the southeast corner of Speedway and Camino Miramonte in Tucson, Arizona. The building was leased from Rancho Center, LLC for five years. Debbie Heslop of Volk Company represented the landlord in this transaction. The new location is set to open in the fourth quarter of 2015.

Mattress Pro expands further Into Tucson market
Darren Pitts and Michael Clark also teamed up to represent Mattress Pro in the leasing of a 6683 square foot building on the southeast corner of Oracle and Limberlost in Tucson, Arizona. The landlord on the five year lease is Oracle/Limberlost Shopping Center, LLC. The new store is also set to open in quarter four of 2015.

Mattress Firm to open new location on Broadway Boulevard in Tucson
Darren Pitts and Michael Clark represented Mattress Firm in the leasing of a 4,800 square foot building on the northeast corner of Broadway Blvd., and Pantano Rd. in Tucson, Arizona. The landlord on the five year lease Broadpan Properties, LLC, was represented by Cushman & Wakefield’s Aaron Laprise and Greg Furrier. The new store is set to open in the 4th quarter of 2015.

Baskin Robbins leases space from Desert Troon in southeast valley
Brian Gast of Velocity Retail represented the landlord, Desert Troon, in the lease of a 1500 square foot space in the Township Plaza on the southwest corner of Gilbert and Baseline. The new tenant, Baskin Robbins, was represented by Mathew Ault of Voit Commercial. This five year deal has an opening date set for September of 2015.

GetFileAttachmentHoda’s Gadgets takes space in Bell Tower Plaza
Larry Miller and John Jackson represented Bell Tower Plaza, LLC in the lease of a 1040 square foot space to Hoda’s Gadgets. Bell Tower Plaza is located on the northwest corner of Bell Road and 63rd Avenue. Set to open in 2016 lease marks the first location for the tenant, Hoda’s Gadgets.

OHM breaks ground in Phoenix market
OHM Factory leased a 1,200 square foot space from Red Mountain Retail Group. Velocity Retail’s Brian Gast represented the Landlord in the lease. It’s opening in July marked the first valley location for the tenant.

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