Velocity retail Group Archives

Velocity Retail reports recent transactions

Northwest corner of Camelback and 95th Avenue
by in AZRE Magazine | Brokerage

Laser Away Centers will be opening their 2nd location in Arizona at the northeast corner of Camelback Road and 44th Street in Phoenix. Judi Butterworth of Velocity Retail Group negotiated the five-year lease of 1,259 square feet on behalf of the tenant. The landlord, Camelback & 44th OPCO, LLC was represented by Joe Hoye of… Read More →

Collin Landis joins Velocity Retail Group

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by in AZRE Magazine | Brokerage | Newsmakers

Velocity Retail Group, LLC announced Wednesday that Collin Landis has joined the firm as their GIS and Research Analyst. Collin brings 14 years of combined experience utilizing GIS and graphic technology to spatially analyze and visually convey geographic data. For the past eight years Collin managed the GIS, research, marketing and graphic activities for a… Read More →

Safeway sale creates looming cloud over Phoenix retail real estate market

Shea Scottsdale Safeway

Over the past two years, the Phoenix retail real estate market continues to improve with lowered vacancy rates and strong absorption. The one area that persists as a cause for concern is the number of vacant big boxes in the market. With the recent announcement of the impending sale of Safeway to one or more… Read More →

Velocity Retail Group Negotiates First Redesigned Popeye’s for Phoenix

Popeyes, Velocity, WEB
by in AZRE Magazine | Brokerage | New to Market | Retail

Velocity Retail Group, LLC announces that the first newly redesigned prototype for Popeye’s Louisiana Kitchen will be built at the southwest corner of Elliot Road and Priest Drive in Tempe, Ariz. President Dave Cheatham,  Vice President Michael Clark and Associate Nick Ault of Velocity Retail Group represented Popeye’s in the transaction. The landlord TPP JV… Read More →

Velocity Retail Group Names Veteran Real Estate Executive Greg Coxon COO

Greg Coxon
by in Business News | Newsmakers

  Velocity Retail Group announced that Greg Coxon has been appointed Chief Operating Officer of the firm and its affiliated development services company Accelerated Development Services. Coxon is a seasoned real estate executive who most recently was the President of Brokerage Services for Grubb & Ellis, and then transitioned that role to Executive Vice President… Read More →

Biscuits Café To Take Over Former Baja Fresh Space On University

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by in Brokerage | Business News

  Biscuits Café has signed a new lease at 414 W. University Dr. in Tempe – the former Baja Fresh space. Biscuits Café leased 2,876 SF and the store is expected to open in 3Q 2013 “We were excited to be able to help Biscuits Cafe expand their presence in Arizona and bring a fresh… Read More →

Will 'Furniture Wars' Be A Hit In Valley With Super Stores On The Way?

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  While not quite as popular as the television shows including “Storage Wars,” “Parking Wars,” or even “Cupcake Wars,” Phoenix is in for a “war” of its own with the onslaught of heavy-hitting furniture retailers coming to Phoenix. In the next few months look for grand openings of huge “super stores” that will knock your… Read More →

Metro Phoenix Retail Continues A Slow, Steady Rebound

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  With the close of 2Q 2013, Velocity Retail’s research has confirmed what we have been speculating: the retail market in Phoenix is on the rebound with several key benchmarks collaborating this: >> Vacancy is down; >> Leasing activity is up; >> Regional areas are showing significant improvement. Currently, as of 2Q 2013, our research… Read More →

Velocity Retail Group June Transactions

Foothills Park Plaza
by in Brokerage | Business News

  Velocity Retail Group completed nine transactions in June. A summary of each transaction: >> Velocity Retail’s Larry Miller and Jim Edwards represented the Landlord, Pacific West Land in a 10-year transaction for Urgent Cares of America Holdings, LLC (dba, Fast Med) at Corona del Sol shopping center at the SEC of Ray and Rural… Read More →

RECon 2013 Recap: How's Your Exchange Coming Along?

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  More than 33,000 shopping center owners, developers, brokers, consultants, etc. descended upon the International Council of Shopping Centers 2013 RECon convention in Las Vegas last month, and we thought it would be timely to give a mid-year assessment about retail investment activity in the very hectic NNN 1031 (triple net lease) sector. As the… Read More →

Velocity Retail Group May Transactions

Home of a new Pet Club in Gilbert.
by in Brokerage | Business News

    Velocity Retail Group completed seven transactions in May totaling nearly 100,000 SF. A summary of each transaction follows: >> Velocity Retail’s Dave Cheatham, Andy Kroot and Darren Pitts represented the Landlord, De Rito Pavilions, 139, LLC in a 10-year transaction for Conn’s Appliances, Inc. at the Pavilions at Talking Stick shopping center at… Read More →

Velocity Retail Group April Transactions

Raintree Northsight in Scottsdale.
by in Brokerage | Business News

  Velocity Retail Group completed transactions in April totaling nearly 130,000 SF. A summary of each transaction follows: >> Goodwill of Central Arizona is expanding its existing store and training center into a 35,882 SF facility at 6750 W. Peoria Ave. in Peoria. The current store and training center were previously in separate suites within… Read More →

Velocity Retail Group Announces New Location For Gold Medal Gymnastics

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by in Brokerage | Business News

  Andy Kroot of Velocity Retail Group announced that Gold Medal Gymnastics has signed a new lease at Warner Commerce Park, SEC of Warner Rd. and Delaware St. (455 E. Warner Rd.) in Chandler for approximately 24,492 SF. “We were excited to be able to assist Brad and Amanda Cochran in relocating their gym into… Read More →

Velocity Retail's 1Q 2013 Market Report: Signs Of Improvement

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  With the recent release of Velocity Retail’s Research Solutions Team’s 1Q 2013 retail quarterly numbers, Velocity Retail is excited to report positive improvements to the retail vacancy rate and leasing activity. “We are excited to report that the Phoenix area has recorded six straight quarters of improvement both in vacancy and leasing activity,” said Dave… Read More →