Phoenix retail Archives

Retail pads are hot in Phoenix

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by in AZRE Magazine | Investment | Retail

It is not only the weather that is hot in Phoenix. Shopping center outparcels, also known as “pads” are sizzling hot. Presently there are nearly 200 outparcel properties under construction or proposed in the Phoenix metro area, according to CoStar, a leading commercial real estate information source. These proposed projects range in size from 2,500… Read More →

Bell Road mixed-use project announces retail tenants

Bell Road
by in AZRE Magazine | Construction | Mixed-Use

Evergreen Development is ramping up construction at its 31-acre Trellis on Bell community at 12th Street and Bell Road in north Phoenix. The Phoenix-based developer is beginning construction on the community’s residential apartments, while new restaurant and retail tenants Café Rio, Blaze Pizza and Arizona Hair Company have signed leases to help anchor the 12,171-square-foot shops… 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 →

Walmart announces new supercenter at Metrocenter Mall

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Today, Walmart announced plans to build a Supercenter at the iconic Metrocenter Mall, near I-17 and 35th Avenue, in northwest Phoenix. Work on the project is expected to begin in the first quarter of 2015 with the demolition of the former Broadway building, which has been vacant since 2006. Officials with Walmart, the City of Phoenix… Read More →