Tag Archives: Andy Kroot

Moon Valley Towne Center

Goodwill to open new stores other Velocity Retail transactions

In August, Velocity Retail Group, LLC completed 18 deals totaling nearly 300,000 square feet spanning from Texas to Arizona, Utah and Oregon.  Below is a summary of those transactions.

 

Ahwatukee will soon have a new 22,565 square foot store for Goodwill Industries of Central Arizona.  The retailer will be opening in the Foothills Shopping Center at the northeast corner of Ray Road and 48th Street in Phoenix.  Formerly a Michael’s, the tenant was represented by Velocity Retail Group’s Andy Kroot.

 

Darren Pitts of Velocity Retail Group, and Chris Peters of Capital Pacific in San Francisco represented the seller, J & M Management, LLC in the sale of 10011 Metro Parkway East in Phoenix. The buyer, Tombstone Tactical was represented by Larry Miller of Velocity Retail in the purchase of the 5,425 square foot former Verizon store.  Tombstone Tactical has a location in Chino Valley and is growing their business by opening this second store.

 

Judi Butterworth of Velocity Retail represented the seller, Sooner Frye Price, LLC in the $1.5 million sale of 2.4 acres at the southeast corner of Frye Road and the Loop 101 Freeway in Chandler, AZ.  The buyer will open a Chuck E. Cheese restaurant on the parcel.  The buyer, Melvin Property #3260 LLC currently has 14 restaurants in multiple states.  He was represented by Western Retail Advisors.  The property is adjacent to the Hilton hotel.

 

Moon Valley Towne Center at the southeast corner of Bell Road and 7th Street will soon have two new tenants.  Orange Theory Fitness will be opening a 3,090 square foot location adjacent to Hobby Lobby in October of 2014.  Additionally, Cartridge World will be opening a 1,260 square foot store.  This is a relocation from an existing location.  The Landlord, NorthStar Realty Finance Corp. is represented by John Jackson, Larry Miller and Michael Clark of Velocity Retail Group.

 

Brian Gast of Velocity Retail Group represented the landlord of Scottsdale Fiesta shopping center at the southeast corner of Shea Boulevard and the Loop 101 Freeway in a 3,749 square foot lease to Watercolors High Fashion.  The new store recently opened for business. Danielle Davis of LevRose Real Estate represented the tenant in the transaction.

 

Dave Cheatham of Velocity Retail Group represented Mega Furniture in three separate transactions in San Antonio and Austin, Texas.  Working with Nick Altomare of The Retail Connection in San Antonio, the team leased a 29,487 square foot location at 125 NW Loop 410 in the La Plaza Del Norte shopping Center.  RPAI was the landlord for this 10-year deal.  In a second transaction, Mega Furniture purchased a former K-Mart building located at 3150 Pat Booker Road in San Antonio.  The 72,454 square foot building is located on 11.15 acres.  These stores are expected to open in the next quarter.  In the third transaction in Austin, Texas, Mega Furniture leased a 31,736 square foot building at 3815 Dry Creek Drive in Austin, Texas.  The landlord is Sandalwood Management in this 10-year lease.  Todd Wallace of Jones Lang LaSalle worked with Velocity Retail group on this transaction.  Look for more locations to be announced in the coming months as Mega Furniture expands its Arizona footprint in Texas.

 

Velocity Retail’s Darren Pitts and Chad Moore of Mountain West Retail represented Mattress Firm in a new 4,084 square foot location at 598 W. Main Street in American Fork, Utah. The site was a former Rubio’s.

 

Goodwill Industries of Central Arizona, Inc. was represented by Velocity’s Andy Kroot in a new 25,000 square foot location at the northeast corner of Ellsworth Road and Heritage Square in Queen Creek, AZ.  The Landlord is E.R. 15, LLC.

 

Popeye’s Louisiana Kitchen was represented by Dave Cheatham, Darren Pitts, Michael Clark, and Nick Ault of Velocity Retail Group in the 15-year lease of a parcel that will accommodate a 2,695 square foot freestanding building at The Pavilions at Talking Stick at Indian Bend Road and Loop 101 in Scottsdale, AZ.  The Landlord is De Rito Pavilions 140, LLC.

 

Ashley Furniture Stores will open a 15,505 square foot location in the Cascade Village Shopping Center in Bend, Oregon.  The tenant was represented by Darren Pitts of Velocity Retail Group and Mark New of New & Neville from Portland, Oregon in the 10-year lease transaction.  The store is expected to open this fall.

 

Larry Miller and John Jackson of Velocity Retail Group represented Edward Jones Investments in two separate transactions.  First in a 1,436 square foot lease at Bell Plaza North shopping center located north of the northwest corner of Bell Road and Boswell Road in Sun City, AZ.   This location is expected to open by January 2015.  The second transaction is a 915 square foot location at the southeast corner of Baseline Road and Hawes in Mesa, AZ.  The store is expected to open in October of this year.  Edward Jones continues to reposition their stores into more prominent locations including office buildings.  Look for more transactions in the near future.

 

Andy Kroot of Velocity Retail Group represented Goodwill Industries of Central Arizona in a 25,000 square foot transaction at the southeast corner of 99th Avenue and Lower Buckeye Road in Phoenix, AZ.  The Mack Southwest Corporation is the landlord for this build-to-suit location.

 

Total Sports Therapy leased 3,238 square feet in Lone Mountain Landing at Cave Creek Road and Lone Mountain Road in Cave Creek, AZ.  The Landlord, NorthStar Realty Finance Corp. is represented by John Jackson, Larry Miller and Michael Clark of Velocity Retail Group.  The tenant is expected to open in October of this year.

 

Goodwill Industries of Central Arizona, Inc. is opening a 25,000 square foot location north of the northeast corner of RH Johnson Blvd., and Camino Del Sol in Sun City West, AZ.  Brown Grace 6 Investments, LLC is the landlord for this build-to-suit location.

 

Rendering of Pizza Five85's Chandler location. Courtesy of Velocity Retail.

Pizza85 leases two more store locations, celebrates grand openings

Andy Kroot announced that Pizza Five85 will be opening two new locations in the Phoenix area in August/early September with two more stores on the horizon.

Kroot, principal at Velocity Retail represented Pizza Five85 in its leasing of its two new locations.

“I am looking forward to continuing to help Pizza Five85 locate and open new locations all over the Valley; they have a great concept that Arizona residents are going to really enjoy,” he said.

“We are excited to open our doors in these two new locations. We can’t wait to fire up the
ovens and provide fresh and fast create your own pizzas, pastas, and salads,” said Wing Mar, VP
of Operations.

Pizza Five85 is a new concept that is coming to Arizona, build your own pizza, pasta and
salads. This is the newest thing to hit the pizza market; it is an original, one of a kind pizza store.
These new locations will enable rapid growth for Pizza Five85 due to great locations and an
innovative concept that is sure to impress their customers.

The Grand Opening stores include:
• SEC I-10 & Ray Road – 2,426 square foot store is located in the Chandler Pavilions
on August 22nd.
• SEC of Scottsdale Rd and Thomas Rd –Scottsdale Retail Center- 2,434 square foot
store on September 5th.

The new store Leases include a 3,000 square foot store is located Avondale and a 1,500 square foot
store located in Glendale.

Velocity Retail, WEB

Velocity Retail Group reports recent transactions

Below is a summary of Velocity Retail Group, LLC recently completed transactions:

Goodwill Industries will be opening a new retail store at the southwest corner of Arizona Avenue and Riggs Road in Candler, Ariz.  Andy Kroot of Velocity Retail Group negotiated the ten-year lease of 27,600 SF on behalf of the tenant. The landlord, Greenway 32, LLC, was represented by Bob Rusing of Arizona Partners Retail.

Velocity Retail Group represented Tokyo Joe’s in a ten-year lease of 2,500 SFnorth of the northeast corner of Baseline Road and Val Vista Drive in Gilbert, Ariz. The landlord was represented by Trent Rustan of Commercial Properties.  A second Tokyo Joe’s was also signed at Chandler Pavilions at the southeast corner of Ray Road and Interstate 10 in Chandler.  The 2500 SF store will be opening in the former Barbeques Galore space during the 3rd quarter.  The landlord was represented by Cliff Johnston of Cassidy Turley BRE.

Integrity Staffing leased a 6,005 SF free-standing building at the Agua Fria Towne Center, located at the northeast corner of Camelback Road and Loop 101 in Glendale, AZ. Velocity Retail Group’s Judi Butterworth, Nick Ault, and Michael Clark represented the landlord. The tenant was represented by Michael Prochelo of Financial Management Group.

Nick Ault of Velocity Retail Group represented Yummi Sushi in a three-year lease of 3,797 SF at the northeast corner of Thunderbird Road and 32nd Street in Phoenix.  The landlord was represented by Reuel Couch of The Restaurant Brokers.

Representing the landlord at the Sun Village Fair Shopping Center at the NEC of Warner Road and Alma School Road in Chandler, Ariz., Michael Clark, John Jackson, and Larry Miller of Velocity Retail Group leased a 1,507 SF space to Third Party MVS Services on a five year lease. Sun Village Fair is one of eleven valley centers that Velocity Retail Group represents for owner NorthStar Realty Finance Corp.

Denny’s Restaurants was represented by Andy Kroot of Velocity Retail in the 10-year least of 5,695 SF at the NWC of I-17 and Dunlap Avenue, in Phoenix. The Winco/Conn’s Shopping Center was represented by Gordon Keig of Kornwasser Properties.

Larry Miller and John Jackson of Velocity Retail represented Edward Jones Investments in the five year lease of 1,100 SF at Lindsay Groves on the SWC of Lindsay Road and Germann Road in Gilbert, Ariz. The landlord was represented by Matt Zaccardi of CPI. Edward Jones Investments plans to relocate their Gilbert office to the new location in October of this year.

Miller and Jackson also represented The Sherwin Williams Company in the ten year lease of 4,000 square feet West of the Southwest corner of Happy Valley Road and 19th Avenue in Phoenix, AZ. The landlord, Happy Valley Towne Court, was represented by Jerry Roberts of NNN Amercia. The lease represents the first of several stores Sherwin Williams plans to open in 2015, as they expand their North Phoenix footprint.

Westfest LLC, owners of Desert Sky Festival located at the southeast corner of Thomas Road and 75th Avenue recently completed a 3-year lease with CFC financial for a 1200 square foot space.  Judi Butterworth from Velocity Retail, and Paul Serafin of De Rito Partners co-listed the project and negotiated on behalf of the Landlord.

Darren Pitts of Velocity represented Uptown Cheapskate in a five-year lease of 4056 square feet at Chandler Gateway shopping center located at the northeast corner of Chandler Boulevard and Chandler Village Parkway.  The landlord is Chandler Gateway SPE, LLC.  The retailer is a sister company of Kid to Kid, and will focus on teen and tween resale and new clothing and accessories.  The store is planning to open by 3rd quarter of this year.

Gold's Gym

Velocity Retail Group Releases Recent Transactions List

Velocity Retail Group, LLC completed eleven transactions in February including a large industrial transaction on behalf of one of their tenants and two locations for a new restaurant concept to the Arizona market. A summary of each transaction follows:

Darren Pitts of Velocity Retail Group and Bob Crum of Ross Brown Partners negotiated a five-year lease on behalf of The Dump a subsidiary of Haynes Furniture Company, Inc. of Virginia for a 156,410 square foot warehouse at 6655 S. Kyrene Road in Tempe, Arizona. The landlord, CLPF-Kyrene 3, LP, an entity controlled by Clarion Partners, LLC, was represented by Jones Lang LaSalle. The Dump currently operates in the location which serves the retail store at Elliot Road and Priest Avenue.

Andy Kroot of Velocity Retail Group represented Goodwill Industries of Central Arizona in a 10-year lease of 31,200 square feet at South Mountain Crossing, located at the northwest corner of Southern Avenue and 35th Avenue in Phoenix, Arizona. The landlord was represented by Neil Board of Western Retail Advisors.

Larry Miller and John Jackson of Velocity Retail Group represented Campus Village West at the northwest corner of Thunderbird and 49th Avenue in the lease of a 750 square foot space to Vaporice, Inc. This is the second valley location for the company. The new shop is set to open in April.

Chip Thor of Velocity Retail Group represented Snooze Eatery in a 10-year lease for 4,200 square feet build-to-suit location in the Gilbert Heritage Square District at 304 N. Gilbert Road, Gilbert, AZ. The new location will be the second in the Phoenix metro area and is expected to open in November of this year.

Velocity Retail Group’s Nick Ault, John Jackson and Michael Clark negotiated the 5-year lease of 1,200 square feet by Synergy Vapor Labs at Northsight Crossing, located on the northeast corner of Raintree Road and Northsight Boulevard in Scottsdale Arizona. Velocity represented the landlord, LP Realty, and the tenant was represented by Matthew Ault of Voit Real Estate Services. This is the second location for Synergy Vapor Labs, with more planned for Arizona. The Scottsdale store will open this month.

Judi Butterworth and Nick Ault of Velocity Retail Group negotiated a 5-year lease for 1,501 square feet at Peoria Plaza on the southwest corner of Union Hills and 91st Avenue in Peoria, Arizona. The tenant, Salon 301, plans to open in May of this year.

Mattress Firm, Inc. has finalized a 10-year lease for a build-to-suit location at the southwest corner of US 60 and Greenfield Road in Mesa, the 1754 S. Greenfield. Darren Pitts and Michael Clark of Velocity Retail represented the tenant in the transaction. The landlord is Alpha IV Partners, LLC, an entity controlled by Diversified Partners. The 4,200 square foot location is expected to open in the first quarter of 2015.

Velocity Retail Group’s Andy Kroot represented Goodwill Industries of Central Arizona, and Larry Miller, and John Jackson, also of Velocity Retail Group represented Corona del Sol Plaza at the southeast corner of Ray and Rural Road in Phoenix, Arizona, in the lease of 1,275 square feet for a new Goodwill Donation Center. The donation center will be open for business in June of this year and represents one of 20 sites that Goodwill plans to open in Arizona in 2014.

Andy Kroot of Velocity Retail Group represented Pizza Five85 in two transactions that represent the entrance of a new pizza concept restaurant to the Arizona market. A 5-year lease of 2,434 square feet was negotiated at Scottsdale Crossing Shopping Center, 2805 N. Scottsdale Road in Scottsdale, Arizona, and a 10-year lease of 2,425 square feet was negotiated at Chandler Pavilions, 890 N 54th Street in Chandler, Arizona. The landlords were represented by Trish Kaller of Inverness, LLC, and Cliff Johnston of Cassidy Turley BRE, respectively. Both shops will open in the 2nd quarter of 2014.

Velocity Retail Group’s Larry Miller and John Jackson represented the landlord, Tang Properties at 2501 S. Dobson Road in Mesa, Arizona in the negotiation of a 3-year lease of 865 square feet. The tenant is a yet-to-be-named E-Cigarette shop that is planning to open in April of
this year.

Rendering of Pizza Five85's Chandler location. Courtesy of Velocity Retail.

Andy Kroot Negotiates New Leases for Pizza Five85

Andy Kroot, Principal at Velocity Retail Group, LLC announced Wednesday that Pizza Five85 has signed two new leases in February and will be entering the Phoenix market this year.

“I am looking forward to continuing to help Pizza Five85 locate and open new locations all over the Valley; they have a great concept that Arizona residents are going to really enjoy!” said Kroot.

The new stores include:
• SEC of I-10 & Ray Road – 2,426 square foot store will be located in the Chandler Pavilions.
• SEC of Scottsdale Rd and Thomas Rd – 2,434 square foot store will be located in Scottsdale Crossing Shopping Center.

“We are excited and looking forward to launching our brand, Pizza Five85, in these two locations – which will be two of our model stores. We can’t wait to fire up the ovens and provide fresh & fast create your own pizzas, pastas, and salads!” said Wing Mar, vice president of operations.