retail Archives

3 retail buildings coming to Williams Field and Val Vista Roads

by in AZRE Magazine

Scottsdale-based developer SimonCRE purchased ±3.04 acres of land at the southeast corner of Williams Field Road and Val Vista Road and will develop three retail buildings totaling ±15,000 square feet; a ±9,900-square-foot multi-tenant retail building, a 3,000-square-foot freestanding restaurant building, and a 3,009-square-foot freestanding building. The site is located approximately one mile west of SanTan… Read More →

Trends to watch in 5 commercial real estate markets


It’s that time of year again when commercial real estate firms analyze market activity based on numbers and reports from the first two quarters of the year, and predict how that will impact the rest of 2016 through next year. Experts in their respective markets weighed in on the findings from quarter two reports in… Read More →

NAI Horizon announces 11 completed transactions

NAI Horizon
by in AZRE Magazine | Brokerage

NAI Horizon announced eleven of its most recent transactions in the Phoenix area. Here’s a breakdown of the completed deals: Sale Transactions: Isy Sonabend negotiated the sale of a 48,000-square-foot industrial property, representing the buyer, 2600 W. McDowell Rd., LLC, for $2.786 million. The property is located at 2600 W. McDowell Rd., Phoenix, AZ 85009. Bill… Read More →

New trends in food and beverage drive retail expansion

by in AZRE Magazine

With food-and-beverage outlets now among the fastest-growing categories in retail centers, a recent CBRE Group Inc., report identifies four emerging eatery formats poised for significant expansion: food trucks, food halls, celebrity-chef restaurants and “grocerants.” The CBRE report highlights numerous data points that underscore the booming growth of restaurants, including that total U.S. restaurant sales surpassed grocery… Read More →

Retail gains momentum in southeast valley

retail space avaialble sign in a window of a building
by in AZRE Magazine | Retail

Through the first half of 2016, the southeast Valley accounted for two-thirds of new retail product in the metro area, according to a recent MarketFlash report by CBRE’s Phoenix research team. As population growth occurs, new retail space is needed to meet demand from new residents. Currently, the southeast Valley is the most active new… Read More →

Tucson mid-year reports show market health

Photo: neilld / 123RF Stock Photo
by in AZRE Magazine | Blogs | Brokerage

According to recently released reports from Cushman & Wakefield | PICOR, the Tucson commercial real estate market continues to see widespread activity across all markets at various levels. These quarter two reports analyze business in the multifamily, industrial, retail and office markets. The cliff notes version of the Q2 reports from Cushman & Wakefield |… Read More →

Marcus & Millichap sells Glendale LA Fitness for $12.5M

Glendale LA Fitness
by in AZRE Magazine | Brokerage

Commercial real estate firm, Marcus & Millichap (NYSE: MMI), arranged the sale of a freestanding 46,000-square-foot LA Fitness in Glendale, Arizona for $12.5 million. The property, which is located at 5536 W. Bell Rd., Glendale Ariz., 853058, sale equates to $272 per square foot. The property is located inside a shopping center within one of Glendale’s busiest… Read More →

Retail pads are hot in Phoenix

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 →

Commercial Properties Inc. reports on Q2 market activity

Commercial Properties Inc.
by in AZRE Magazine | Brokerage

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, released a brief overview of Phoenix’s commercial real estate activity, and reports on the top five transactions in June from second quarter. Jeff Hays, senior vice president of Corporate Services commented on the Phoenix industrial sector”  “In general, the industrial market continues to improve in… Read More →

Northsight Village III sells for $1.475M

Northsight Village III
by in AZRE Magazine | Brokerage

Northsight Village III, a 8,532 square foot retail building, closed for $1,475,000 ($172.88-per-square-foot). The building was occupied by AVIS Rent a Car and Traders Smoke Shop at the close of escrow. Judi Butterworth and Derek Buescher of ORION Investment Real Estate represented the seller, LES and NSS Irrevocable Trust, in this transaction. The buyer was… Read More →

Arcadia Village Shopping Center sells for $19.65M

Arcadia Village Shopping Center
by in AZRE Magazine | Retail

Cushman & Wakefield announced Tuesday the purchase of Arcadia Village Shopping Center, a CVS pharmacy-anchored, retail center located on the southwest corner of Camelback Road and 40th Street for $19.65 million. The shopping center is located in Phoenix’s Arcadia neighborhood. Cushman & Wakefield Executive Managing Directors Ryan Schubert and Michael Hackett represented the seller, Arcadia Retail, LLC. “Arcadia… Read More →

Entrepreneur ditches storefront for something mobile

The overthrow van (Photo: Andrew Howell)

Andrew Reid found that the T-shirts he wore never fit right and wanted a better fitting tee, so he decided to create his own. Overthrow Clothing is a West Coast lifestyle mobile retail company specializing in skateboarding and snowboarding attire – a business venture inspired by Reid, Overthrow’s creator, having a love of snapback style… Read More →

Crowds expected for Spring Chalk Art Festival

A child looking drawing with chalk at the Chalk Art Festival

On April 30, the sidewalks of Westgate Entertainment District, Desert Ridge Marketplace and Tempe Marketplace will be transformed into spectacular outdoor galleries as crowds gather to watch the incredible chalk artwork unfold before their eyes at the third annual Spring Chalk Art Festival. During the free event from 11 a.m. until 6 p.m., a group… Read More →

HFF finances Mesa shopping center for $6.3M

by in AZRE Magazine | Retail

Holliday Fenoglio Fowler, L.P. (HFF) announced Monday that it has arranged $6.3 million in acquisition financing for Marketplace at Signal Butte, a 116,358-square-foot, grocery-anchored community shopping center in east Mesa. HFF worked on behalf of the borrower, Progression REI, to place the 10-year, fixed-rate loan with Wells Fargo Bank. Anchored by a Bashas’ Grocery Store, Marketplace at Signal… Read More →