Velocity retail Group Archives

Meet AZRE Forum panelist: Dave Cheatham

Dave Cheatham
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Dave Cheatham, president of Velocity Retail Group, will sit on one of the three feature panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state of… Read More →

Velocity Retail Group: Phoenix retail market improves

Darren Pitts
by in AZRE Magazine

For the first half of 2017, the retail market in Phoenix has recorded continued improvement in both vacancy and leasing activity (absorption).  The current overall vacancy rate is 9.3 percent, with all but one of the regional trade areas with single-digit vacancy, according to a report fromVelocity Retail Group.  Leasing activity for the first two… Read More →

Velocity Retail Group helps At Home land in Gilbert

by in AZRE Magazine | Brokerage

Darren Pitts of Velocity Retail Group represented At Home in the purchase of 8.54 acres in the San Tan Pavilions shopping center located at the southwest corner of Williams Field Road and San Tan Village Parkway in Gilbert, Arizona.  The seller of the property was San Tan AZ, LLC an entity controlled by Intercapital Development,… Read More →

Old Navy coming to Scottsdale Promenade

Old Navy
by in AZRE Magazine | Retail

Velocity Retail Group’s Darren Pitts and Dave Cheatham represented Old Navy (a division of Gap, Inc.), in a lease at the Scottsdale Promenade shopping center located at the southeast corner of Frank Lloyd Wright Boulevard and Scottsdale Road. The 11,008-square-foot store celebrated its Grand Opening on November 9, 2016. The shopping center is owned by an… Read More →

Velocity Retail Group promotes Bonnie Arlia to SVP

Bonnie Arlia
by in AZRE Magazine | Newsmakers

Velocity Retail Group, LLC promoted Bonnie Arlia to senior vice president. Arlia is an industry veteran, with decades of experience in the retail commercial real estate arena. “Bonnie is an integral part of our company with proven success and experience in all facets of our business. Our clients count on her to deliver accelerated service during… 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 →

NAIOP appoints Velocity Retail Group’s Darren Pitts to board

Darren Pitts
by in AZRE Magazine | Newsmakers

NAIOP Arizona appointed Darren Pitts, executive vice president of Velocity Retail Group, LLC as a new Board member for 2016. Pitts will be joining an existing Board that includes industry leaders from all commercial sectors. Over the past year, NAIOP has focused on increasing the retail dimension within the organization and Pitts’ appointment is part… Read More →

Velocity negotiates location for La-Z-Boy of Arizona

Scottsdale
by in AZRE Magazine | Retail

Velocity Retail Group‘s Darren Pitts and Bob Crum of Ross Brown Partners represented La-Z-Boy Furniture Galleries of Arizona, in the purchase of a 1.65 acre parcel at 5584 E. State Route 69, in Prescott Valley. Located in the Crossroads Shopping Center in Prescott Valley, this will be the furniture retailer’s newest location in Northern Arizona.… Read More →

Velocity Retail Group promotes Michael Clark to SVP

Debra Schooler
by in AZRE Magazine | Newsmakers

Velocity Retail Group LLC promoted Michael Clark to senior vice president. With nearly 18 years of experience working with prominent national clients, Clark built a track record negotiating transactions for investment properties while also representing landlord’s and tenant’s. Over the past decade Clark has worked with national shopping center owners such as NorthStar Realty Finance Corp., Evergreen… Read More →

Velocity Retail Group completes high-profile deals

Following is a summary of recent retail transactions completed by Velocity Retail Group, LLC. Goodwill to Replace Former Safeway at 39th Ave. and Pinnacle Peak Velocity Retail Group’s Andy Kroot represented Goodwill of Central Arizona in the lease of a space at the northeast corner of 39th Ave. and Pinnacle Peak Rd. in north Phoenix.… Read More →

Cowboys Saloon lands at Peoria’s Park West

by in AZRE Magazine | New to Market | Retail

Cowboys Saloon will soon open a new location in the Park West shopping center located at the northwest corner of Northern and the Loop 101 Freeway in Peoria, Arizona. The 18,339 square foot restaurant and bar is projected to open January 1, 2016. Velocity Retail Group represented The Howard Hughes Corporation, the owner of the… Read More →

Velocity plans Queen Creek shopping center

A joint venture of Wadsworth Acquisitions, LLC and Accelerated Development Services, a division of Velocity Retail Group, purchased a 14.5 acre parcel located south of the southeast corner of Ellsworth and Rittenhouse Roads in Queen Creek. The site was purchased for $3.1 million. The seller was DVD Heritage Square, LLC of Kansas. The parcel is… Read More →

WSS Footwear retailer expands footprint in Phoenix

by in AZRE Magazine | New to Market | Retail

Velocity Retail Group’s Darren Pitts and Andy Kroot represented WSS Footwear, an urban specialty footwear retailer, in their Arizona expansion this month with one new store opening in Mesa and two stores opening in Phoenix. Each of the stores range in size from 10,000 – 12,000 square feet. “WSS is continuing its corporate growth plan to… Read More →

Development veteran joins Velocity Retail Group

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 →