Retail Archives

Former Nimbus Brewery building sold for more than $1.4M

Craft beer
August 30, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

CBRE has completed the sale of the former Nimbus Brewery and Restaurant building at 6464 E. Tanque Verde Road in Tucson. The property commanded a sale price of $1.415 million, or $168 per square foot. Pete Villaescusa and Jesse Peron with CBRE’s Tucson office negotiated on behalf of the seller, McMahon Properties, LLC of Tucson.… Read More →

Three national restaurant users coming to Las Plazas at Old Vail

Las_Plazas_at_Old_Vail_PHOTO

Las Plazas at Old Vail, a 17-acre retail development at the northwest corner of Houghton and Old Vail Roads in Southeast Tucson, has landed its first wave of restaurant users. CBRE has recently completed the sale of the first three lots and the development will soon be home to a Taco Bell, Native Grill and… Read More →

LGE completes Pomo at Gilbert’s Heritage Marketplace

Pomo

LGE Design Build has completed tenant improvement construction for the 2,600-square-foot Pomo Pizzeria Napoletana at Heritage Marketplace in Gilbert. The restaurant features a 6,000-pound, wood-fire pizza oven imported from Italy with hand-crafted stone. In addition, the authentic Italian restaurant features a bar and outdoor seating. “As one of the restaurant hotspots in the Valley, Heritage… Read More →

Meridian Capital finances Glendale Market Square property

startup

Meridian Capital Group, America’s most active debt broker, negotiated a $21.1 million loan for the acquisition and rehabilitation of Glendale Market Square, a retail property located in Glendale, AZ on behalf of a Southern California-based developer. The three-year loan, provided by a debt fund, features a floating-rate, interest-only payments for the full-term and two one-year… Read More →

Uptown Plaza welcomes Muse Apparel as their first new tenant

Photo by Vintage Partners

Uptown Plaza, the landmark shopping center at the intersection of Central Ave. & Camelback Rd., has announced the grand opening of its first new tenant, Muse Apparel, since kicking off a wall-to-wall renovation in mid-2014. Opening just in time to celebrate Uptown Plaza’s 60th Anniversary tomorrow, August 25, 2015, this popular 10-year-old local women’s clothing boutique recently relocated… Read More →

CBRE Capital Markets Debt Team completes two transactions

Tomball

Walgreen’s drug store in Smithtown, New York CBRE’s Capital Markets Debt and Structured Finance team has arranged $7.8 million in acquisition financing for a triple-net-leased Walgreen’s drug store in Smithtown, New York. The asset commanded a sale price of $10.4 million. Geoffrey Harris of CBRE’s Phoenix office arranged a 75% LTV bank loan, 10-year fixed… Read More →

P.B. Bell adds four properties to management portfolio

Vestar

P.B. Bell, a leader in multi-family housing development, management and acquisitions, has added four properties to its growing management portfolio.  The additions expand P.B. Bell’s reach in the East Valley with properties in Gilbert, Tempe, Old Town Scottsdale and North Scottsdale. “Our goal is to maximize the resident experience at every apartment community we manage,… Read More →

ABA Project Profiles: Arizona’s Finest

Arizona Cancer Center

Arizona Builders Alliance is a partnership between the Arizona chapters of the Associated Builders & Contractors (ABC) and the Building Chapter Associated General Contractors (AGC). It represents more than 250 contractors, suppliers and professional service firms in the commercial construction industry. Here are spotlight projects its members have been working on this year. Airport I-10… Read More →

Natural Grocers signs lease at Scottsdale Towne Square

GPS-NaturalGrocers

Natural Grocers by Vitamin Cottage, a rapidly expanding retailer of specialty, high-quality food and dietary supplements, signed a 27,827 SF lease at Scottsdale Towne Square. The anchor space was formerly occupied by Smart and Final and is located at 13802 N. Scottsdale Road in Scottsdale, Arizona. Greg Saltz, President of GPS Retail Advisors, is the… Read More →

Velocity Retail signs 110,850 SF lease for At Home

At Home StoreFront

Velocity Retail Group has finalized a lease agreement with At Home to open a new location in Prescott, Arizona.  At Home will occupy the 110,850 square foot former Wal-Mart building; which is located at 1801 Highway 69 in Prescott, Arizona. The Landlord is the Yavapai-Prescott Indian Tribe. This will be the first At Home location… Read More →

New Porsche dealership breaks ground in Chandler

Porsche

Porsche Chandler announced the groundbreaking of its new Porsche dealership, located at 1010 S. Gilbert Rd. in Chandler. 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 owners. Only the… 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 →