Larry Miller and John Jackson of Velocity Retail represented Irvine Asset Group in the purchase of 31,193 SF at the 3668 W. Anthem Way, Anthem, AZ. The seller, DPC Development Co., was represented by Ryan Schubert of Cassidy Turley-BRE. The purchase represents Irvine Asset Group’s first retail deal in Phoenix.
Velocity Retail Group’s Darren Pitts, John Jackson and Michael Clark represented Fry’s Food & Drug in the $950,000 sale of the 50,684 SF former Fry’s store at 825 W. University Drive, Mesa, AZ to Geyser Development. The buyer, Geyser Management, LLC plans to put Planet Fitness in the building. Geyser and Planet Fitness were represented by Shelby Tworek and NAI Horizon.
Judi Butterworth of Velocity Retail Group represented Happy Joe’s Pizza & Ice Cream in the 5 year lease of 1,309 square feet at the southeast corner of Warner Road and Gilbert Road in Gilbert, Arizona. The landlord is Boros Investments of Phoenix. This is the first Phoenix location for the Iowa-based restaurant.
Larry Miller, and John Jackson of Velocity Retail Group represented Edward Jones Investments in a 5 year lease of 1,310 square feet east of the northeast corner of Southern Avenue and Rural Road in Tempe, Arizona. The landlord, Tempe City Center, was represented by Mike Giammanco at Cassidy Turley.
Velocity Retail Group’s Darren Pitts, John Jackson, Michael Clark and Nick Ault negotiated the lease of 6,670 square feet of office space in the US Bank Building located at the southeast corner of the 5th Avenue and Scottsdale Road in Scottsdale, Arizona on behalf of the owner, De La Vega Capital. The new tenant, Mindnest, was represented by Ross Brown Partners Inc., and will open in May of this year.
Velocity Retail Group’s Brian Gast negotiated the 5-year lease of 1,000 square feet at the northwest corner of Pecos Road and Higley Road in Gilbert, Arizona. The tenant, Prenatal Premiere Ultrasound will open in April of this year, offering 3D Ultrasound services.
Velocity Retail Group’s John Jackson, Larry Miller and Michael Clark negotiated a lease on behalf of Northstar Realty at Bethany Towne Center, located at the northeast corner of Bethany Home and 35th Avenue in Phoenix, Arizona. The 4,200 square foot space was leased by Pho 602 Restaurant in a 5-year lease with options to extend. Pho 602 Restaurant was represented by Perry Gabuzzi of Plaza Cos. The new tenants are experienced Vietnamese restaurant owners, relocating from the Bay Area in California. They plan to open their new restaurant in April of this year.
Velocity Retail Group’s Brian Gast represented Mattress Magic in the 5-year lease of 3,105 square feet at the northeast corner of Raintree and Loop 101 in Scottsdale, Arizona. The landlord was represented by Matt Ault of Voit Real Estate Services.
Phenix Salon Suites will be occupying 6,000 square feet at the southwest corner of Warner Road and McClintock Road in Tempe, Arizona. The landlord, Boros Investments, was represented by Robert Aertker of Landmark Commercial Group in the 14-year lease. Phenix Salon Suites is a family owned business based in Colorado, selling franchises to operators in other states. This will be the first Arizona location for franchisee, David Zhao.
Representing Mattress Firm, Darren Pitts and Michael Clark of Velocity Retail Group, and Mountain West Retail brokered the 10-year lease of 4,500 square feet at the southwest corner of Antelope and Woodland in Layton, Utah. The landlord was represented by David Cunningham of Net3 Real Estate, LLC. The new location will open for business in the third quarter of this year.