Retail Archives

Natural Grocers to open at Scottsdale Towne Square

123rf.com: Jennifer Huls

DTZ, a global leader in commercial real estate services, has announced that Colorado-based Natural Grocers by Vitamin Cottage signed a lease for 27,827 square feet at Scottsdale Towne Square, 13802 N. Scottsdale Road.  DTZ Managing Director’s Cliff Johnston and John Appelbe represented the landlord, Holualoa Scottsdale Retail, LLC. Established in 1955 by Margaret and Philip… Read More →

De Rito Partners announce recent commercial transactions

123rf.com: feverpitched

Jamba Juice joins Shops at Norterra Jamba Juice finalized a deal to add a new location in North Phoenix, at the northwest corner of Happy Valley Road and Norterra Parkway. John Palmieri represented the tenant in completing the lease of the 1,057-square-foot space. Sonoran Cycles joins new mixed-use development in Surprise Sonoran Cycles signed a… Read More →

SimonCRE purchases retail building from Los Olivos Norte

LosOlivos__SimonCRE

Commercial real estate developer SimonCRE purchases a +/- 7,000 SF retail building from a popular Scottsdale restaurant located within the Sonora Village Shopping Center. The building is located at 15544 N. Pima Road in Scottsdale, just off Frank Lloyd Wright and the Loop 101 in Scottsdale, AZ. After nearly 20 successful years in business, Los… Read More →

Monster Paint FX relocates to Avondale

Monster Paint FX
June 30, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease for the relocation of Monster Paint FX to 1422 N. Eliseo C. Felix Jr. Way. The lease is for 13,230 square feet. Monster Paint FX, which previously was at 7115 N. 110th Ave. in Glendale, is a locally owned company that provides custom auto body… Read More →

Investors drawn to success of local restaurant real estate

DosGringo

Phoenix loves its food, a characteristic that’s growing the local restaurant industry and building a strong investment story for restaurant real estate. This strength is evidenced by JLL’s recent $4.7 million Dos Gringos, Inc. restaurant portfolio sale, a multi-building deal spanning three active retail markets. JLL’s Tyson Switzenberg, John Reva, Trask Switzenberg and Matthew Berres completed the sale on behalf of Arizona-based… Read More →

Groupon becomes latest company to locate at SkySong

SkySong_Exterior_001new

Groupon announced that it plans to open a new sales office at SkySong, the ASU Scottsdale Innovation Center, to support its growing ecommerce marketplace. Groupon, along with up to 150 employees, plan to move in later this summer and will occupy 16,000 square feet of office space in SkySong 1. The company has been operating out of a temporary office… Read More →

The Shops at OdySea in the Desert breaks ground

01 Full Courtyard View
June 14, 2015 by in AZRE Magazine | Featured | Retail

75,000 square feet of restaurant and retail space is now available for lease at OdySea in the Desert in Scottsdale, Arizona. OdySea in the Desert is a 35-acre, multi-million-dollar entertainment complex located at the 101 Freeway and Via de Ventura.  The landmark development is already home to Butterfly Wonderland, OdySea Mirror Maze and minutes from… Read More →

Multiple-restaurant project coming to SkySong

SkySong_Garden
June 10, 2015 by in AZRE Magazine | Featured | New to Market | Retail

Wetta Ventures, Arizona State University Foundation and SkySong, The ASU Scottsdale Innovation Center today will be joint in a partnership to develop a $5 million, multiple-restaurant building at the thriving Scottsdale project. This announcement comes on the heels of Wetta Venture’s successful redevelopment and opening of the Annex (615 S. College) at ASU in Tempe,… Read More →

Two Pet Clubs under construction by SimonCRE

PetClub-SimonCRE, WEB

Commercial real estate developer SimonCRE is currently under construction on two Pet Club Feed and Tack Stores in Arizona. The first site is located at the dominant intersection of Chino Valley and State Route 89 in Chino Valley, Arizona. The second site is located at the SWC of Greenway Road & Cotton Lane in Surprise,… Read More →

Michael Pollack unveils biggest challenge of career

Arizona Cardinals quarterback Carson Palmer, Cheryl Pollack, Michael Pollack and Gilbert Mayor John Lewis. Photos courtesy of Pollack Investments.

Real estate entrepreneur and Valley philanthropist Michael Pollack of Pollack Investments has transformed hundreds of shopping centers, totaling more than 10-million square-feet of space, but never in his 40+ years of rehabbing centers has Pollack made this dramatic of a transformation until now. Pollack unveiled his rehabilitated shopping center at Gilbert and Ray Roads in Gilbert,… Read More →

Concentrated Culture: The symbiosis of new-build and adaptive reuse

Portland on the Park, Courtesy of DAVIS

There are undeniable truths in commercial real estate. For instance — retail follows rooftops. However, when the right variables come together, the presence of retail can create a demand for mixed-use communities. This is a phenomenon Michelle Schwartz, associate at RSP Architects, has observed in her firm’s recent work. “Arizona has such a short history… Read More →

New to Market: May 2015-June 2015

Arizona Fallen Firefighters & Emergency Paramedics Memorial

Public Arizona Fallen Firefighters & Emergency Paramedics Memorial DEVELOPER: State of Arizona General Contractor: McCarthy Building Companies Architect: SmithGroupJJR Engineers: CVL and PK Associates Sculptors: Rusty Bowers; Paul Olesniewicz Location: Wesley Bolin Memorial Plaza VALUE: $1.25M in donations Start/Completion: March to October 2015 Subcontractors: American Fence, Gothic Landscaping, W.R. Grace, Brundage Bone, Sun Valley, Schuff… Read More →

Big Deals: Retail/Sales, May 2015-June 2015

4821 N. Scottsdale Rd., Scottsdale

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from… Read More →

Frontgate Outlet store opening at Pavilions

Courtesy of De Rito Partners

The Pavilions announced the opening of a first-to-the-market Frontgate Outlet store. Frontgate is a leading brand in the aspirational home lifestyle for both indoors and outside. Frontgate is part of Cornerstone Brands, Inc. (CBI) which is a division of HSNi, a $3.3 billion interactive multi-channel retailer with strong direct-to-consumer expertise. The Pavilions store will be… Read More →