Retail Archives

Popular Indian School retail center gets revitalization

retail space avaialble sign in a window of a building
by in AZRE Magazine | Retail

With a proud history of revitalizing retail centers, De Rito Partners Development, Inc. is excited to announce the ongoing redevelopment and re-tenant efforts at Arcadia Fiesta, located at the southwest corner of 32nd Street and Indian School Road in Phoenix. “The new center will bring a fresh and newly upgraded shopping experience to this neighborhood.… Read More →

CBRE completes $13.1M sale of Tri-City Pavilions

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by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale Tri-City Pavilions located at the northeast corner of Dobson Road and Main Street in Mesa, Ariz. The ±96,336-sq.-ft., Safeway-anchored shopping center commanded a sale price of $13.1 million. Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, J.G.… Read More →

Arcadia Village Shopping Center sells for $19.65M

Arcadia Village Shopping Center
by in AZRE Magazine | Retail

Cushman & Wakefield announced Tuesday the purchase of Arcadia Village Shopping Center, a CVS pharmacy-anchored, retail center located on the southwest corner of Camelback Road and 40th Street for $19.65 million. The shopping center is located in Phoenix’s Arcadia neighborhood. Cushman & Wakefield Executive Managing Directors Ryan Schubert and Michael Hackett represented the seller, Arcadia Retail, LLC. “Arcadia… Read More →

NGKF represents Bealls in Southwest expansion

shopper
by in AZRE Magazine | Retail

Newmark Grubb Knight Frank (NGKF) announced the Southwest expansion of privately-owned Bealls Inc. (Bealls Outlet and Burkes Outlet), a national off-price retailer, in Phoenix, Albuquerque, Tucson and Las Vegas. Represented by Tim Westfall and Joe Doucett with NGKF Arizona Retail, Bealls closed seven transactions in the last quarter for more than 136,000 square feet. The… Read More →

CBRE earns marketing, leasing for Esplanade complex

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by in AZRE Magazine | Office | Retail

CBRE has been awarded the marketing assignment for the ±1 million-square-foot mixed-use Esplanade complex, including buildings I, II, IV and V. The landmark office and retail development is located at the southeast corner of Camelback Road and 24th Street. LBA Realty, who purchased Esplanade I, II, IV and V from MetLife in late December 2015,… Read More →

Fry’s plans to open store in downtown Phoenix

phoenix
by in AZRE Magazine | Retail

Fry’s Food Stores and RED Development today announced the popular grocer will open downtown Phoenix’s first full-service grocery store. Fry’s preferred location to build the new 55,000 square-foot grocery store would be on the surface parking lot bordered between Washington Street and Jefferson Avenue, located between CityScape Phoenix and Collier Center. The downtown grocer would… Read More →

HFF finances Mesa shopping center for $6.3M

finance
by in AZRE Magazine | Retail

Holliday Fenoglio Fowler, L.P. (HFF) announced Monday that it has arranged $6.3 million in acquisition financing for Marketplace at Signal Butte, a 116,358-square-foot, grocery-anchored community shopping center in east Mesa. HFF worked on behalf of the borrower, Progression REI, to place the 10-year, fixed-rate loan with Wells Fargo Bank. Anchored by a Bashas’ Grocery Store, Marketplace at Signal… Read More →

PICOR announces Tucson leases

123rf.com: Vitaliy Vodolazskyy
by in AZRE Magazine | Brokerage | Industrial | Retail

PICOR, a Cushman & Wakefield member, announced a string of recent leases that have closed in the Tucson area, including industrial and retail leases. R & G Food Services, Inc. leased 7,383 square feet in the Coach Drive Industrial Building at 4560 S. Coach Dr., Suite 100, in Tucson from Coach Holdings, LLC.  Rob Glaser, SIOR,… Read More →

CBRE team completes $13.8M Mill Ave. sale

Mill Avenue
by in AZRE Magazine | Brokerage | Retail

A two-property portfolio which takes up two corners of Mill Avenue and 5th Street in Tempe sold for $13.8 million. The properties were approximately 79 percent occupied at the time of sale. CBRE Executive Vice President Philip D. Voorhees and Vice President Brad Rable made the announcement that the National Retail Investment Group – West (NRIG-West),… Read More →

Phoenix-Based Vestar pays $31.4M for Seattle retail center

Vestar
by in AZRE Magazine | Retail

Phoenix-based commercial real estate firm, Vestar, purchased James Center, a retail center in Tacoma, Washington, for $31.4 million. James Center is located at 6901 S. 19th St. in western Tacoma and is directly across from Tacoma Community College, which enrolls nearly 14,000 students per year. The center totals 140,240 square-feet and is situated on 15.95 acres.… Read More →

ORION closes on Starbucks property in Mesa

123rf.com: Sergey Kohl
by in AZRE Magazine | Retail

ORION Investment Real Estate announced the sale of the NNN Investment property leased to Starbucks for $2,320,000. This 1,943 square-foot freestanding building is situated on the corner of Country Club Drive (SR 87) and Juanita Avenue,. Brand new construction, the building is leased to Starbucks on a corporate guarantee. Starbucks Corporation is an American coffee… Read More →

CVS leased NNN Investment Property sold

Photo: stylephotographs / 123RF Stock Photo
by in AZRE Magazine | Retail

ORION Investment Real Estate announced the sale of an NNN Investment property leased to CVS, near Ellsworth and Broadway Roads, for $3,375,000. The property was sold by SCP 2004E-014, LLC and purchased by JKB Properties, LLC. “This is one of a few properties I am assisting my client in the acquisition to perfect his 1031 Exchange.… Read More →

Velocity negotiates location for La-Z-Boy of Arizona

Sold Sign
by in AZRE Magazine | Retail

Velocity Retail Group‘s Darren Pitts and Bob Crum of Ross Brown Partners represented La-Z-Boy Furniture Galleries of Arizona, in the purchase of a 1.65 acre parcel at 5584 E. State Route 69, in Prescott Valley. Located in the Crossroads Shopping Center in Prescott Valley, this will be the furniture retailer’s newest location in Northern Arizona.… Read More →

Apache road retail project approved for construction

construction industry
by in AZRE Magazine | Construction | Retail

Davis Enterprises – Investments & Development received approval from the City of Tempe to begin construction on a retail project at the northeast corner of Rural Road and Lemon Street in Tempe. Located in a high-density area of the city, the 11,800 square-foot project will feature storefront opportunities for 4-5 restaurant or retail users, with Rural Road frontage.… Read More →