Retail Archives

Ground breaks on adaptive reuse project The Colony

TheColony-Both-ViewC-02-26-15

Western Vertical Holdings, a company formed by Bob Agahi and David Sellers, has begun construction on Phase 1 of The Colony, an adaptive re-use project located on 7th Street just north of Missouri Avenue in Phoenix.  The Herb Box, innovative world cuisine with locations in Old Town Scottsdale and North Scottsdale; Stock & Stable, an… Read More →

Leslie’s Poolmart to open new storefront on Indian School

Leslie's Poolmart rendering, courtesy of Newmark Grubb Knight Frank

Newmark Grubb Knight Frank (NGKF) announced the opening of a new retail store for Leslie’s Poolmart, Inc. (Leslie’s) at 2005 E. Indian School Road. The nation’s leading retailer of swimming pool supplies and related products leased 4,500 square feet of a new 6,500 square foot retail building developed by DM Ventures I, LLC. The new… Read More →

Tom Jones Ford Dealership coming to Buckeye

Tom Jones Ford rendering, courtesy of SSB

Tom Jones Ford’s I-10 and Watson location will be a 31KSF sales and repair facility completed in May by Sun State Builders (SSB).  The new Ford facility was a design-build partnership between SSB and Tom Jones Ford, with Winton Architects, Inc. serving as the project architect.  The dealership will include interactive cameras for viewing the… Read More →

Rialto Capital acquires Maricopa shopping center

March 9, 2015 by in AZRE Magazine | Featured | New to Market | Retail

Rialto Capital, a national real estate investment and asset management company focusing on value-add investments and turnaround strategies for properties has recently purchased The Wells retail and mixed-use project in Maricopa, Arizona.  Rialto Capital and Capital Development Southwest plan to aggressively market the property to prospective high-profile tenants. The move presents an opportunity for restaurants,… Read More →

Vacancy rate falls to single digits for 1st time since 2008

March 8, 2015 by in AZRE Magazine | Featured | Retail

Retail vacancy rates for Metropolitan Phoenix have fallen into the single-digit range for the first time since 2008, according to a recent retail study by CBRE’s Phoenix office. While the retail market continues to improve at a more gradual pace than previously anticipated, retail real estate experts point to the 9.6 percent vacancy rate as… Read More →

Michael Pollack closes February with $10M shopping center sale

Michael Pollack - Real Estate Investments
March 6, 2015 by in AZRE Magazine | Featured | New to Market | Retail

Real Estate Entrepreneur Michael Pollack ends February with the $9.9 million sale of Bethany Square Shopping Center, a 100,000 square-foot mixed use center located at the northeast corner of 43rd Avenue and Bethany Home Road in Phoenix.   The owner and CEO of Mesa based Pollack Investments purchased the center in 1997 for $2.8 million. At the time the center was at… Read More →

Barnet Dulaney Perkins will anchor new medical plaza

March 6, 2015 by in AZRE Magazine | Featured | New to Market | Retail

Barnet Dulaney Perkins Eye Center, a leading provider of advanced vision care and surgery, is expanding its Sun City presence and will anchor the newly renovated and enhanced 106,503-square-foot La Ronde Centre at 14600 N. Del Webb Blvd. in Sun City, Ariz. The multi-tenant shopping center will undergo a major renovation featuring Class A multi-tenant buildings… Read More →

OdySea will break ground March 5

McCarthy Building Companies will break ground at 5 p.m. March 5, 2015, on the OdySea Aquarium, which will be located adjacent to Butterfly Wonderland in Scottsdale. The groundbreaking celebration has been organized by OdySea founders Amram Knishinsky, Ph.D., and Martin Pollack and also involves the facility designer Deutsch Architecture Group. Poised to be one of Arizona’s… Read More →

Park 10 breaks ground with Main Event signing

Parkland Development, LLC (Tigard, OR) announced it will break ground in March on Park 10, a 43-acre, mixed-use project located on the northeast corner of I-10 and 107th Avenue in Avondale. The announcement corresponds to the signing of the project’s first anchor tenant, Main Event Entertainment, the fastest growing bowling-anchored entertainment center in America, whose… Read More →

DTZ completes lease for new restaurant on Mill

February 13, 2015 by in AZRE Magazine | Featured | In The Spotlight | Retail

DTZ, a global leader in commercial real estate services, announced today that The Grill on Mill has leased 5,537 square feet at Hayden Station, 350 S. Mill Avenue in Tempe, AZ. The California-based operator plans to open the new restaurant mid-2015. DTZ Vice President Brent Mallonee represents the landlord, YAM Properties, in its retail lease… Read More →

Construction completed on Livewire music venue

LGE Design Build has completed the construction of Livewire, Arizona’s newest premier 14,000-square-foot live music venue bringing fresh nightlife to the former development known as Axis/Radius in the entertainment district of Scottsdale. Livewire, located at 7340 E. Indian Plaza, includes a stage, two interior bars and a second floor balcony fronting the street. Livewire also… Read More →

Westgate is getting a Dave & Buster’s this fall

Fountain Park at Westgate

Dave & Buster’s, an arcade, bar and event venue for adults, will open at Westgate Entertainment District in Glendale this fall. Westgate’s owner, iStar Financial, will begin construction on a new, 41,000-square-foot building located to the west of AMC Theatres that will expand the existing entertainment district. Dave & Buster’s will join AMC as an… Read More →

Vestar to develop at Crossroads Towne Center

Colliers International in Greater Phoenix recently negotiated two separate long-term leases for a restaurant and dental office at a multi-tenant retail building soon to be under construction at Crossroads Towne Center in Gilbert. Local shopping center owner, developer and manager, Vestar Development Company of Phoenix, is developing a 7,800-square-foot building at 3787 S. Gilbert Road.… Read More →

Chandler entertainment district gets 60KSF upgrade with The Row

Vintage Partners, Kitchell and RSP Architects will construct an Alamo Drafthouse in Chandler. Courtesy RSP Architects

Vintage Partners, the Phoenix-based commercial real estate development and investment company, announced its selection by the Chandler City Council to develop the The Row in downtown Chandler’s newly designated entertainment district, an all-new mixed used project on the SW corner of Arizona Avenue and Chandler Boulevard. Created in partnership with Alamo Drafthouse Cinema, this stylish… Read More →