Dave Cheatham Archives

Development veteran joins Velocity Retail Group

Trey Eakin
by in AZRE Magazine | Newsmakers

Accelerated Development Services, a division of Velocity Retail Group, has hired Trey Eakin as Senior Vice President of Development Services effective immediately. A 30 year veteran in the retail development arena, Trey’s experience includes acquisitions, oversight, strategic analysis, project management, and lease up of retail and mixed-use projects totaling over $1 billion in value. Accelerated Development… 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 →

The legality of drones in commercial real estate


Equipped with a high-tech camera that takes photos and shoots aerial footage, Unmanned Aerial Vehicles(UAV) might seem appealing to local real estate companies, but the legality of their use remains up in the air when it comes to commercial realty. Motorized aircrafts are traditionally used for leisure activities, but UAVs are increasingly taking flight to… Read More →

Velocity Retail announces recent transactions

Park West, Velocity Retail, WEB
by in AZRE Magazine | Brokerage | In The Spotlight

Following is a summary of recent retail transactions completed by Velocity Retail Group, LLC: Popeye’s Louisiana Kitchen was represented by Darren Pitts, Michael Clark, Nick Ault, and Dave Cheatham of Velocity Retail in the acquisition of 2,565 SF at the southwest corner of Central and Dunlap in Phoenix, AZ. The former KFC building was represented… Read More →

Goodwill to open new stores other Velocity Retail transactions

Moon Valley Towne Center
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

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… Read More →

Velocity Retail Group reports recent transactions

Velocity Retail, WEB
by in AZRE Magazine | Brokerage

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… Read More →

Phoenix retail is poised for progress

PowerPoint Presentation

The Phoenix commercial retail market continues to improve in vacancy and increased leasing activity.  Vacancy rates, once hovering near 14% have now dropped to 10.6% through the 2nd quarter of 2014.  Leasing activity of 2.6 million square feet in 2013 was the strongest recorded since before the Great Recession six years ago.  Additionally, in the… Read More →

ICSC RECon 2014: Retail poised for expansion

X Team booth, courtesy of Velocity Retail

The 2014 ICSC event in Las Vegas has successfully wrapped up, and initial reports are that the retail industry is poised for continued expansion. The attendance was up from last year with the attendee count reaching close to 40,000. Having experienced the last 5 years of our annual convention during the economic downturn, this year… Read More →

Safeway sale creates looming cloud over Phoenix retail real estate market

Shea Scottsdale Safeway

Over the past two years, the Phoenix retail real estate market continues to improve with lowered vacancy rates and strong absorption. The one area that persists as a cause for concern is the number of vacant big boxes in the market. With the recent announcement of the impending sale of Safeway to one or more… Read More →

Velocity Retail Group Negotiates First Redesigned Popeye’s for Phoenix

Popeyes, Velocity, WEB
by in AZRE Magazine | Brokerage | New to Market | Retail

Velocity Retail Group, LLC announces that the first newly redesigned prototype for Popeye’s Louisiana Kitchen will be built at the southwest corner of Elliot Road and Priest Drive in Tempe, Ariz. President Dave Cheatham,  Vice President Michael Clark and Associate Nick Ault of Velocity Retail Group represented Popeye’s in the transaction. The landlord TPP JV… Read More →

The Magic’s in the Makeup: The Shopping Centers of the Past Are the Future

metrocenter, WEB

From fresh paint to new market positions, shopping centers are pumping in deferred dollars to greet the returning retail dollars. “When things stay the same, that’s scary,” says Stan Sanchez, president and partner of De Rito Partners, about the shift in the Arizona shopping center marketplace. “There’s no doubt that location, location, location is still… Read More →

Velocity Retail Group Reports First Retail Absorption Since Recession

Velocity Retail Group

Phoenix Metropolitan retail recorded positive net absorption for the third straight quarter as recorded in statistics just released by Velocity Retail Group through June 30, 2012.  This is the first positive absorption recorded since before the “Great Recession” in November of 2008. After 12 consecutive quarters of negative absorption, the last three quarters of positive… Read More →