Velocity retail Group Archives

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 →

Velocity Retail Group March Transactions

Lee Lee Oriental Supermart at the SWC of Cactus and 75th Ave.
by in Brokerage | Business News

  Velocity Retail Group completed 8 transactions in March totaling nearly 200,000 SF. A summary of each transaction follows: >> 99 Cent Only Stores finalized a 10-year, 17,138 SF lease at Kingman Crossing at the SEC of Interstate 40 and Stockton Hill Road in Kingman. Michael Clark of Velocity Retail represented the landlord, Accelerated Development /… Read More →

Velocity Retail Group's Andy Kroot Negotiates Deal to Bring Goodwill Store to Fountain Hills

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by in Brokerage | Business News

  Andy Kroot of Velocity Retail Group announced that Goodwill of Central Arizona is set to open a new retail store in Fountain Hills. The store is at 13757 N. Fountain Hills Blvd. “We’re relocating the existing store into a newer and larger space,” said Jackie Halleen, vice president of retail operations. “Fountain Hills is… Read More →

Velocity's Andy Kroot Completes Pair of Deals For Goodwill Stores

Lindsay and Warner location.
by in Brokerage | Business News

  Velocity Retail Group’s Andy Kroot announced that Goodwill of Central Arizona signed two new leases in February. Goodwill leased the 25,740 SF former Whole Foods building at the NEC of Lindsay and Warner in Gilbert. The store is expected to open in 2Q 2013. Goodwill also completed a 14,400 SF, 10-year lease is San… Read More →