Tag Archives: rei


Bob Bambauer named senior vice president of Sunbelt

BobBambauer0126_10x14verticalSunbelt Holdings has promoted Bob Bambauer, P.E., to senior vice president. Bambauer, who has been with Sunbelt Holdings since 2007, oversees the planning and development of Sunbelt Holdings’ large-scaled properties in the West Valley and Tucson markets.

A veteran to civil engineering and home building, Bambauer has over 30 years’ experience in entitlements, land acquisitions, land planning and development, customer service, purchasing and home construction.

He currently directs Sunbelt’s PV|303 project in Goodyear, Ariz., a 1,600-acre master planned business park planned for over 20 million square feet of office, retail, and industrial space that is currently home to Dick’s Sporting Goods distribution center and Sub-Zero manufacturing facility. Future corporate tenants include Seattle-based REI and Bimbo Bakeries USA, the nation’s largest baking company.

He is also responsible for three master planned residential communities in Tucson, Ariz. La Estancia, a 556-acre master planned residential community centrally located along the I-10 and within close proximity to the University of Arizona, the Davis-Monthan Air Force Base and Tucson International Airport. Bambauer was instrumental in the recent closing of the first 195 lots to Meritage Homes. Additionally, Bambauer will lead the newly acquired 1,598-acre Sycamore Canyon master planned community in Vail, Ariz. for Sunbelt Holdings, which will include 1,045 homes situated at the base of the Santa Rita Mountains, and Sendero Pass, a 500-acre community located along the Ajo Highway in the Southwest Tucson submarket.

Bambauer is actively involved in several charitable organizations, and he is currently on the Board of Directors of Fighter Country Partnership, a non-profit organization dedicated to support the men, women, families and mission of Luke Air Force Base.

REI Goodyear Distribution Center

REI to open 400KSF distribution center on Loop 303

Seattle-based REI, a leading outdoor retailer, has announced it will open a 400,000-square-foot distribution center creating more than 100 new jobs in the West Valley – becoming the third tenant along the newly-opened Loop 303 in Goodyear.

REI offers its members and customers outdoor gear and apparel for activities such as for hiking, biking and camping. The company is expected to break ground on the facility covering 34 acres near Loop 303 and Camelback Road in May and open in early 2016. REI has been one of a few select companies recognized on Fortune’s “100 Best Companies to Work For,” since the recognition began in 1998.

“This is exciting news,” said Goodyear Mayor Georgia Lord. “Not only does REI’s announcement mean more jobs in the city, it signals businesses continuing to open along Loop 303 – a major corridor of land available for development. We’re glad REI selected Goodyear to set up shop, and we look forward to having them here.”

Through the new distribution center, REI and REI.com customers will benefit from shorter cycle times required to replenish product, ensuring for more options on store shelves and shorter deliveries. Once the Goodyear facility is up and running, the company will reach 20 percent more customers with two-day ground service.

“We are privileged to join the community of Goodyear as we expand our distribution capacity and services to the southwest market,” said Rick Bingle, REI’s vice president of Supply Chain. “The Goodyear distribution center will enable us to continue to focus on the needs of customers by moving our gear and apparel more quickly and efficiently, now and into the future.”

REI has partnered with Sunbelt Holdings/Merit Partners     as developers for the project.

“We are very excited that REI has selected PV303 for their new distribution and fulfillment center,” said Kevin Czerwinski, President of Merit Partners. “REI joins other corporate household names currently located at PV303, all benefiting from the availability of quality labor, fantastic logistics, freeway identity, and foreign trade zone.”

The addition of REI to Goodyear continues to solidify not only Goodyear’s, but the West Valley’s presence as a major player in online fulfillment centers that provide high-quality goods to consumers and retailers throughout the western United States.

Sandra Watson, president of CEO of the Arizona Commerce Authority, said Arizona is a prime location for companies such as REI.

“Arizona’s world-class infrastructure system and strategic Southwest location are key advantages supporting the distribution channel and supply chain management needs of growing national and international companies, Watson said. “We welcome REI to our business community and thank them for investing in Goodyear for their corporate expansion.”

The sentiments of Chris Camacho, president and CEO of the Greater Phoenix Economic Council, echoed Watson’s.

“There has been significant investment in infrastructure in the West Valley, and the recently completed PV303 business park is another example of how our region is growing businesses,” said Chris Camacho, president and CEO of the Greater Phoenix Economic Council.

“The decision by REI to locate their newest facility to the city of Goodyear at the PV303 is emblematic of this commitment, and Mayor Georgia Lord and her team have contributed greatly to this effort. Together, we look forward to welcoming REI to the region,” Camacho added.


Aspen Place at the Sawmill project gains momentum

RED Development today announced that its Flagstaff, Ariz. Development, Aspen Place at the Sawmill, recently broke ground on its housing component, Village at Aspen Place. The apartments’ ground breaking follows several high profile openings, lease signings and the announcement of a major transition for one of the development’s main anchor’s, New Frontiers.

New Retail and Expansions for Flagstaff
·      REI opened April 25, 2014 in a 24,000 separate square-foot space on the west side of the property
·      Alliance Bank opened a full-service banking office in June 2014 in a 6,000 square foot space north of REI on the west side of the development
·      Francesca’s will occupy a 1,200 square-foot space and plans to open spring 2015 near Flagstaff Jean Company. Francesca’s is one of the fastest growing specialty retailers and specializes in whimsical and eclectic collections of clothes, handbags, shoes, jewelry and gifts.
·      Eddie Bauer is set to open October 9, 2014 in a 4,700 square foot space. The specialty retailer sells sportswear, outerwear, footwear, gear and accessories for the active outdoor lifestyle.
·      Whole Foods Market (formerly New Frontiers) is ready to serve the needs of the community of Flagstaff with the highest quality natural and organic foods available. Open daily from 8am  to  9pm.
·      Wildflower Bread Company is expanding by an additional 500 square feet bringing their total footprint to more than 4,600 square feet. Increased demand for its artisan breads – baked fresh daily – as well as its healthy options for breakfast, lunch and dinner prompted the growth. The additional square footage allows increased operational opportunities and expanded catering options for the neighborhood-style restaurant and bakery that serves as the only location in Flagstaff.

“RED continues to demonstrate its commitment to Flagstaff and long-term development vision as it brings retail, restaurants and service providers that meet the needs of our community,” said Kevin Burke, city manager for the City of Flagstaff. “It is truly amazing how they have converted an unproductive piece of land in the middle of Flagstaff into a vibrant, live, shop, play development.”

Village at Aspen Place
The luxury apartments are being built just south of the existing Aspen Place retail and will be situated above and adjacent to a new 32,634 square-feet retail section. The one- and two- bedroom apartments are co-developed by VanTrust Real Estate, LLC and EPC Real Estate Group, LLC (formerly known as Land Development Strategies, LLC and ePartment Communities). Wespac Construction, Inc. with a full-service Northern Arizona office in Flagstaff, is the project’s general contractor.

The apartments feature upgraded kitchens, bathrooms and appliances, as well as numerous amenities including a courtyard with heated pool, gourmet barbeque grill with outdoor seating, fire pit with flat screen television, on-site services and a resident clubhouse featuring a 24-hour fitness center, personal trainer, massage therapists and more. A five-level garage with 344 structured parking spaces plus an additional 101 surface spaces will offer convenient resident and guest parking.

“These luxury apartments create a new rental opportunity in Flagstaff with unparalleled retail amenities,” said Brett Heron, Executive Vice President, Finance for RED Development. “Residents will appreciate being within walking distance of Aspen Place at the Sawmill’s grocery shopping, exciting new retail, restaurants and service providers.”

Vestar Development Investment

Vestar Development, Rockwood Capital Acquire LV Retail Center for $79M

Phoenix-based Vestar Development, in a joint venture with New York-based Rockwood Capital, is acquiring The District at Green Valley Ranch, a 384,107 SF landmark retail property located outside of Las Vegas, for $79M, the firms announced.

The all-cash deal, the city’s second largest commercial real estate investment transaction in three years, closed Friday, October 21.

“Now is a great time to invest in the Las Vegas retail real estate market, particularly in projects like this one,” says Rick Kuhle, president of Vestar Development. “This center has recently struggled, but we are confident and excited about stabilizing it over the coming year. We’re very bullish about these types of value-added investment opportunities and are aggressively seeking more properties like it in Las Vegas and throughout the West.”

We believe this is a compelling opportunity based upon the high quality of the center and the solid in-place cash flow,” says Joel Mayer, managing director at Rockwood Capital. “We have a longstanding relationship with Vestar and their extensive knowledge of this asset and market make them the ideal partner for this project.” 

Richard Walter, president, and Donald MacLellan, senior managing director, out of Faris Lee’s Irvine, Calif., headquarters, and Rob Moore, senior managing director in Faris Lee’s Las Vegas office represented the seller, LNR Partners, LLC. 

The District is located within Green Valley Ranch, a leading master-planned community located in the Black Mountain foothills, about 10 miles southeast of the Las Vegas Strip.

Phase one of The District was developed in 2004 and encompasses 212,622 SF of retail and office space on the west side of Green Valley Parkway. The 21.54-acre property is comprised of 50 national and regional stores and restaurants; 88 luxury condominiums; and complementary office users. The shopping, dining, entertainment, residences and office space are joined via a pedestrian-friendly main street plaza and a central park. Phase one is 85% leased to several high-profile tenants including REI, Pottery Barn, Anthropologie, Williams-Sonoma, Ann Taylor Loft, White House/Black Market, King’s Fish House and P.F. Chang’s.

Phase two of The District was developed in 2006 and totals 171,485 SF on 16.02 acres. The property consists of six buildings with a retail and office tenant mix. Phase two is 82% leased, anchored by Whole Foods and also including tenants such as West Elm and The Cheesecake Factory.

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For more information about Vestar Development, Rockwood Capital or The District at Green Valley Ranch, visit: