Retail Archives

Crown on 7th adds eateries and retail

Crown on 7th 3

The former Crown Imports building on 7th St., between Missouri and Bethany Home in Central Phoenix, is getting a major facelift. Dan Noma, Jr., principal of Venture REI, has joined real estate development veterans Buzz Gosnell and Niels Kreipke in investing $6 million to redevelop the mixed-use project. The project will be renamed Crown on 7th and… Read More →

ICSC: Surfing the Omni-channel

Downtown Phoenix Shopping

When web-based shopping gained popularity over the last two decades, spearheaded by the likes of Amazon and major retailers’ internet storefronts, the imminent demise of brick-and-mortar establishments seemed likely. War was declared between bricks and clicks. The win-lose conversations are fading into the background as researchers suggest a more symbiotic relationship between the two. Stores… Read More →

Lo-Lo’s Chicken & Waffles opens at Heritage Marketplace

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LGE Design Build has completed construction of Lo-Lo’s Chicken & Waffles at Heritage Marketplace, a family friendly, pedestrian-oriented, mixed-use development in downtown Gilbert. Lo-Lo’s Chicken & Waffles, 366 N. Gilbert Road, is now open. The 4,300-square-foot restaurant offers a full bar with several large television screens and outdoor seating that draws energy from the street.  … Read More →

Ground breaks on adaptive reuse project The Colony

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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 →