Retail Archives

New Porsche dealership breaks ground in Chandler

Porsche

Porsche Chandler announced the groundbreaking of its all new, state-of-the-art Porsche dealership, located at 1010 South Gilbert Road in Chandler, Ariz. The Ceremony was presided over by Richard Cvijanovich, the dealership’s Owner & Operator, and attended by over 100+ participants, including Porsche Cars North America executives, City of Chandler dignitaries, and Arizona Porsche Club members and… Read More →

Verrado sells first pad of Marketside District to CST Brands

CST Verrado-IMAGE2
July 22, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

DMB Verrado closed the sale of approximately 1.6 acres at Verrado for the newest phase of the Marketside District at the northwest corner of Market Street (south of McDowell Road) and Verrado Way in Buckeye.  The buyer, N2I One, LLC, an affiliate of CST Brands, Inc., will develop a self-service gas station, convenience store and… Read More →

Dynamic new retail approach unfolds at OdySea

OdySea

Seaport Village. Ferry Building Marketplace. Gas Lamp Quarter.  Broadway on the Beach.  Instantly recognizable, each of these iconic districts stands alone as a world-class destination. Even more importantly, each fuels the vitality of the city in which it makes its home. And soon, Scottsdale will have its own: The Shops at OdySea in the Desert.… Read More →

Uptown Plaza lands Shake Shack & Flower Child

Facebook: Uptown Plaza

Vintage Partners, the Arizona-based commercial real estate development and investment company, has announced a pair of exciting new tenants joining the redevelopment efforts at Uptown Plaza, the landmark 1955 shopping center in central Phoenix on the NE corner of Central Avenue & Camelback Road. Scheduled to open in late 2015/early 2016, the newest additions will include… Read More →

ORION closes sale of Plaza 7 Shopping Center for $2.3M

Plaza 7 Photo
July 20, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

ORION Investment Real Estate announced the closing of Plaza 7 located at 18449 North 7th Street in Phoenix, Arizona for $2,300,000 ($143/SF) to a private individual who has a portfolio of commercial properties in Phoenix. The Sellers, ACV Calzona I, LLC, are developers based in Sonoma, CA who ended up with Plaza 7 after developing the… Read More →

Pillar announces funding in $1.2M Family Dollar transaction

Family Dollar
July 19, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

A 8,320-sq-ft Family Dollar (NYSE: FDO) store is going to be a reality in Southwestern Colorado, made possible through the funding by Phoenix-based Pillar-FD Ignacio, LLC which is owned by Pillar Companies, Phoenix. The development of the retail center, located in Ignacio, Colo. is expected to begin construction this month and is slated for an… Read More →

Colliers completes $3.75M sale of Scottsdale shopping center

Village at Via Linda

Colliers International in Greater Phoenix recently sold Scottsdale’s 35,733-square-foot Village at Via Linda shopping center for $3.75 million as part of a 1031 exchange. Arizona Partners of Phoenix, a real estate developer and investment firm, purchased the center, 8989 East Via Linda, from Village of Via Linda LLC of Los Angeles. Colliers’ Scottsdale office brokered… Read More →

Three more infill deals completed by Cashen Realty Advisors

cra

The first property transaction is a 4.5 acre residential/commercial parcel that was purchased for $840,000 located at 1911 E. Van Buren in Phoenix.  The property is directly across the street from the St. Luke’s Medical Plaza and will be developed as a mixed-use project by the new owner.  St. Luke’s Medical Center is undergoing a… Read More →

Australian company buys Las Vegas retail center for $23.4m

vegas

DTZ, a global leader in commercial real estate services, has announced the $23.4 million sale of Las Palmas Village in Las Vegas on behalf of the seller, Donahue Schriber Realty Group of Costa Mesa, CA. DTZ Executive Managing Directors Ryan Schubert and Michael Hackett of Phoenix represented Donahue Schriber in the investment sale. The buyer… Read More →

New to Market: July, August 2015

REI Goodyear Distribution Center

RETAIL Crown on 7th DEVELOPER: Buzz Gosnell and Niels Kreipke General Contractor: Alexander Building Company Architect: Brick & West Design Brokerage: Venture REI Location: 7th Street, between Missouri Avenue and Bethany Home Road Size: 18KSF VALUE: $6M redevelopment Start/Completion: November 2014 to summer 2015 MIXED USE CB20 DEVELOPER: Wetta Ventures General Contractor: TBD Architect: Brick… Read More →

Colliers International completes $3 Million Phoenix land sale

7th Street self storage

Colliers International in Greater Phoenix recently completed the $3,050,000 million land sale of 3.17 acres near 7th Street and Indian School. The site will be re-developed as a 100,000 +/–square-foot self-storage facility with a small retail component on the site. The William Warren Group Inc. of Santa Monica, Calif., purchased the land, located along 7th… Read More →

Forever 21 joins The Shops at Town & Country

The Shops at Town  Country

The Shops at Town & Country has revitalized the corner of 20th Street and Camelback Road with a multi-phase redevelopment that includes opening 95,000 square-feet of retail and restaurant space since 2012. The current phase of the development will add another 40,000+ square-feet that is scheduled to open by the end of 2015. Forever 21… Read More →

Hines leases high-profile downtown space to The Counter

The Counter
July 12, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

Hines, the international real estate firm, recently leased 3,200 square feet to The Counter, which has located its trendy build-your-own burger joint with a full bar in Renaissance Square’s free-standing, high-profile retail building. The Counter opened recently in the courtyard of Renaissance Square’s twin 25 and 27-story buildings near office tenants and visitors, as well… Read More →

Daum negotiates Express Furniture Rental Lease in Phoenix

Express Furniture Rental Lease

Daum Commercial Real Estate Services has negotiated the lease of a 32,241-square-foot distribution center located at 5230 W. Buckeye Road in Phoenix for just under $1 million. Steve Bodeman, executive vice president with Daum Phoenix, represented the lessee, Express Furniture Rental, in the transaction. This represents Bodeman’s fourth lease transaction for Express Furniture Rental over… Read More →